Tronox Holdings PLC (NYSE:TROX) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have given Tronox Holdings PLC a consensus rating of "Hold", with three sell ratings, three holds, and four buy ratings among the ten analysts covering the stock.
• The company's quarterly earnings report showed a loss of ($0.28) per share, missing expectations, and a revenue decline of 10.9% compared to the same quarter last year.
• Tronox recently cut its dividend, announcing a quarterly dividend of $0.05, which represents an annualized yield of 5.2% amidst a negative dividend payout ratio of -12.66%.

Shares of Tronox Holdings PLC (NYSE:TROX - Get Free Report) have received a consensus rating of "Hold" from the ten analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $4.9889.

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Tronox from $7.00 to $4.50 and set a "buy" rating on the stock in a report on Thursday, August 7th. Truist Financial lowered their target price on shares of Tronox from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, October 20th. Morgan Stanley lowered their target price on shares of Tronox from $8.00 to $4.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Tronox in a report on Friday, October 3rd. Finally, UBS Group upped their target price on shares of Tronox from $3.60 to $3.90 and gave the stock a "neutral" rating in a report on Monday, October 6th.

Tronox Price Performance

TROX stock opened at $3.86 on Friday. The stock has a market capitalization of $611.09 million, a PE ratio of -2.44 and a beta of 1.28. The company's 50-day moving average is $4.17 and its 200-day moving average is $4.82. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.10 and a quick ratio of 0.52. Tronox has a 1 year low of $2.95 and a 1 year high of $13.14.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.24). The company had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.Tronox's revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. Tronox has set its FY 2025 guidance at EPS. Equities research analysts expect that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Monday, August 11th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Monday, August 11th. Tronox's dividend payout ratio is currently -12.66%.

Insider Buying and Selling

In other Tronox news, Director Jean Francois Turgeon bought 31,150 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $3.21 per share, for a total transaction of $99,991.50. Following the acquisition, the director directly owned 772,572 shares of the company's stock, valued at approximately $2,479,956.12. The trade was a 4.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Johnston bought 20,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average price of $3.21 per share, for a total transaction of $64,200.00. Following the acquisition, the director directly owned 191,513 shares in the company, valued at $614,756.73. The trade was a 11.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 184,750 shares of company stock worth $579,714 over the last ninety days. Insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Tronox

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in Tronox in the 1st quarter worth approximately $102,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Tronox by 36.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,936 shares of the company's stock worth $232,000 after buying an additional 8,777 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Tronox by 15.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company's stock worth $19,941,000 after buying an additional 375,643 shares during the period. XTX Topco Ltd bought a new position in Tronox in the 1st quarter worth approximately $211,000. Finally, Voya Investment Management LLC boosted its holdings in Tronox by 46.9% in the 1st quarter. Voya Investment Management LLC now owns 466,356 shares of the company's stock worth $3,283,000 after buying an additional 148,913 shares during the period. Hedge funds and other institutional investors own 73.36% of the company's stock.

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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