Tronox Holdings PLC (NYSE:TROX) Given Average Recommendation of "Hold" by Analysts

Key Points

• Tronox Holdings PLC (NYSE:TROX) has received an average analyst recommendation of "Hold", with two sell ratings, two hold ratings, and five buy ratings among nine analysts.
• The company recently reported a loss of $0.28 EPS for the last quarter, significantly missing analysts' expectations of a loss of $0.04, and its revenue was down 10.9% year-over-year.
• Tronox has cut its quarterly dividend to $0.05, reflecting a dividend yield of 4.9%, as part of its financial adjustments amidst recent performance challenges.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) has received an average recommendation of "Hold" from the nine analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $5.1222.

A number of equities analysts have recently issued reports on TROX shares. Truist Financial increased their price objective on shares of Tronox from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Morgan Stanley dropped their price target on shares of Tronox from $8.00 to $4.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. BMO Capital Markets cut shares of Tronox from a "market perform" rating to an "underperform" rating and cut their price target for the stock from $7.00 to $3.00 in a research note on Monday, June 30th. Mizuho reiterated an "underperform" rating and issued a $4.00 price objective on shares of Tronox in a research note on Friday, September 12th. Finally, UBS Group downgraded Tronox from a "buy" rating to a "neutral" rating and cut their target price for the stock from $8.00 to $3.60 in a research report on Monday, August 4th.

Insiders Place Their Bets

In other news, Director Jean Francois Turgeon acquired 31,150 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $3.21 per share, with a total value of $99,991.50. Following the completion of the purchase, the director owned 772,572 shares of the company's stock, valued at $2,479,956.12. This represents a 4.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Jones acquired 8,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $3.19 per share, with a total value of $25,520.00. Following the acquisition, the director owned 51,000 shares of the company's stock, valued at approximately $162,690. This represents a 18.60% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 184,750 shares of company stock worth $579,714 in the last quarter. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tronox

A number of large investors have recently bought and sold shares of TROX. Headlands Technologies LLC acquired a new stake in Tronox during the 2nd quarter valued at $38,000. Public Employees Retirement System of Ohio grew its holdings in shares of Tronox by 48.9% during the second quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company's stock worth $50,000 after purchasing an additional 3,231 shares during the last quarter. Amplius Wealth Advisors LLC acquired a new stake in shares of Tronox in the second quarter valued at $64,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Tronox in the second quarter valued at about $64,000. Finally, Nisa Investment Advisors LLC lifted its position in Tronox by 763.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock worth $65,000 after buying an additional 8,070 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors.

Tronox Price Performance

Shares of NYSE:TROX opened at $4.12 on Tuesday. The firm has a market capitalization of $652.31 million, a PE ratio of -2.60 and a beta of 1.31. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64. Tronox has a 1-year low of $2.95 and a 1-year high of $14.93. The business's 50 day moving average is $4.33 and its 200-day moving average is $5.19.

Tronox (NYSE:TROX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.24). The firm had revenue of $731.00 million during the quarter, compared to analyst estimates of $802.03 million. Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The business's revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. Tronox has set its FY 2025 guidance at EPS. Sell-side analysts predict that Tronox will post 0.49 earnings per share for the current year.

Tronox Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Monday, August 11th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, August 11th. Tronox's payout ratio is currently -12.66%.

Tronox Company Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.

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