Tronox - TROX Stock Forecast, Price & News

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; titanium tetrachloride; and other products. The company's products are used for the manufacture of paints, coatings, plastics, and paper, as well as various other applications. Tronox Holdings plc is based in Stamford, Connecticut.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Tronox from $28.00 to $21.00 in a research note on Friday, July 29th. Barclays decreased their price target on shares of Tronox from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, July 11th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Tronox from $22.00 to $20.00 in a research note on Friday, June 17th. Finally, Bank of America decreased their price target on shares of Tronox from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, June 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Tronox has a consensus rating of "Moderate Buy" and an average target price of $24.86.

Tronox Stock Down 2.5 %

TROX Stock traded down $0.38 during trading on Tuesday, hitting $14.90. 859,834 shares of the stock traded hands, compared to its average volume of 1,165,672. Tronox has a 1 year low of $14.78 and a 1 year high of $26.33. The firm's 50 day moving average is $16.63 and its two-hundred day moving average is $18.67. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 4.04, a price-to-earnings-growth ratio of 0.35 and a beta of 1.90. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.26 and a quick ratio of 1.01.

Tronox (NYSE:TROX - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.01. The firm had revenue of $945.00 million for the quarter, compared to the consensus estimate of $1 billion. Tronox had a net margin of 15.97% and a return on equity of 20.25%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 EPS. On average, sell-side analysts anticipate that Tronox will post 3.27 EPS for the current year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Monday, August 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, August 12th. Tronox's payout ratio is presently 13.55%.

Insider Activity

In related news, SVP Jeffrey N. Neuman purchased 3,000 shares of the company's stock in a transaction dated Thursday, June 16th. The shares were purchased at an average price of $16.04 per share, with a total value of $48,120.00. Following the acquisition, the senior vice president now directly owns 189,312 shares in the company, valued at approximately $3,036,564.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Tronox news, CFO Timothy C. Carlson acquired 5,000 shares of the stock in a transaction dated Thursday, June 16th. The shares were purchased at an average price of $15.86 per share, for a total transaction of $79,300.00. Following the purchase, the chief financial officer now directly owns 329,326 shares of the company's stock, valued at $5,223,110.36. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffrey N. Neuman acquired 3,000 shares of the stock in a transaction dated Thursday, June 16th. The stock was acquired at an average price of $16.04 per share, for a total transaction of $48,120.00. Following the purchase, the senior vice president now directly owns 189,312 shares in the company, valued at $3,036,564.48. The disclosure for this purchase can be found here. Insiders own 1.60% of the company's stock.