Tronox Holdings PLC (NYSE:TROX) Given Consensus Rating of "Reduce" by Analysts

Key Points

• Analysts hold a consensus “Reduce” rating on Tronox, with four sell, four hold and two buy recommendations. The average 12-month price target is $6.93, while several firms recently lowered targets or downgraded the stock.
• Tronox reported a quarterly loss of $0.51 per share, missing the $0.38 consensus estimate, despite revenue of $868 million rising 18.7% year over year. Analysts expect a full-year loss of $1.37 per share.
• The stock opened at $5.59 after declining 2.4%, well below its 50-day and 200-day moving averages. Institutional investors own 73.36% of the company, and Tronox maintains a quarterly dividend of $0.05 per share, yielding about 3.6%.

Tronox Holdings PLC (NYSE:TROX - Get Free Report) has earned an average rating of "Reduce" from the ten research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $6.9286.

Several equities analysts have recently commented on TROX shares. Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of Tronox in a research report on Wednesday, May 20th. Truist Financial upgraded shares of Tronox from a "sell" rating to a "hold" rating and set a $7.00 price objective on the stock in a research report on Thursday, June 11th. Wall Street Zen lowered shares of Tronox from a "hold" rating to a "sell" rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. cut shares of Tronox from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $7.00 to $5.00 in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group dropped their price target on shares of Tronox from $9.00 to $6.50 and set a "sell" rating on the stock in a research note on Wednesday, July 22nd.

Institutional Trading of Tronox

Hedge funds have recently added to or reduced their stakes in the business. Monaco Asset Management SAM acquired a new position in Tronox during the 4th quarter valued at about $2,382,000. Renaissance Technologies LLC acquired a new stake in shares of Tronox in the 1st quarter worth approximately $2,102,000. Royal Bank of Canada lifted its stake in shares of Tronox by 21,419.9% in the 1st quarter. Royal Bank of Canada now owns 1,065,665 shares of the company's stock worth $10,412,000 after acquiring an additional 1,060,713 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Tronox by 38.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 723,164 shares of the company's stock valued at $3,023,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Credit Capital Investments LLC boosted its holdings in shares of Tronox by 624.2% in the fourth quarter. Credit Capital Investments LLC now owns 325,872 shares of the company's stock valued at $1,359,000 after acquiring an additional 280,872 shares in the last quarter. Institutional investors own 73.36% of the company's stock.

Tronox Trading Down 2.4%

Shares of NYSE TROX opened at $5.59 on Friday. Tronox has a 12-month low of $2.86 and a 12-month high of $10.59. The company has a market cap of $892.72 million, a price-to-earnings ratio of -1.62 and a beta of 0.82. The company has a current ratio of 2.55, a quick ratio of 0.81 and a debt-to-equity ratio of 2.62. The stock's 50 day simple moving average is $6.38 and its 200 day simple moving average is $7.54.

Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.51) EPS for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.13). Tronox had a negative return on equity of 24.34% and a negative net margin of 17.96%.The company had revenue of $868.00 million for the quarter, compared to the consensus estimate of $832.59 million. During the same quarter in the previous year, the company earned ($0.28) earnings per share. Tronox's quarterly revenue was up 18.7% compared to the same quarter last year. Equities research analysts expect that Tronox will post -1.37 EPS for the current year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Monday, August 10th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 10th. Tronox's dividend payout ratio is -5.78%.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company's operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox's product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.

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