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.

Analyst Ratings Changes

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

Tronox Trading Down 3.3 %

Shares of TROX traded down $0.55 during mid-day trading on Wednesday, reaching $15.88. 850,816 shares of the company were exchanged, compared to its average volume of 1,156,833. The business has a 50 day simple moving average of $16.24 and a two-hundred day simple moving average of $18.41. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.01 and a current ratio of 2.26. The stock has a market capitalization of $2.45 billion, a PE ratio of 4.31, a PEG ratio of 0.36 and a beta of 1.89. Tronox has a 52 week low of $14.78 and a 52 week high of $26.33.

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

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Monday, August 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.50 dividend on an annualized basis and a yield of 3.15%. Tronox's dividend payout ratio (DPR) is currently 13.55%.

Insiders Place Their Bets

In other Tronox news, SVP Jeffrey N. Neuman bought 3,000 shares of the business's stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average price of $16.04 per share, for a total transaction of $48,120.00. Following the transaction, the senior vice president now directly owns 189,312 shares in the company, valued at $3,036,564.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Timothy C. Carlson acquired 5,000 shares of the stock in a transaction dated Thursday, June 16th. The stock was bought 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 approximately $5,223,110.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey N. Neuman bought 3,000 shares of the business's stock in a transaction that occurred on Thursday, June 16th. The shares were bought at an average cost of $16.04 per share, for a total transaction of $48,120.00. Following the completion of the purchase, the senior vice president now owns 189,312 shares of the company's stock, valued at $3,036,564.48. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company's stock.