Tronox (NYSE:TROX) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Tronox (NYSE:TROX) released its quarterly earnings results on Wednesday. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06), Briefing.com reports. Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. The firm had revenue of $774.00 million for the quarter, compared to the consensus estimate of $753.98 million. During the same period in the previous year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis.

Tronox Price Performance

NYSE:TROX traded up $2.09 during mid-day trading on Thursday, reaching $19.18. The stock had a trading volume of 3,335,884 shares, compared to its average volume of 1,169,928. The stock has a market capitalization of $3.01 billion, a P/E ratio of -9.18, a P/E/G ratio of 22.87 and a beta of 1.91. The firm has a 50 day moving average price of $16.43 and a two-hundred day moving average price of $14.10. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. Tronox has a one year low of $10.08 and a one year high of $19.75.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 4th were given a dividend of $0.125 per share. The ex-dividend date was Friday, March 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.61%. Tronox’s payout ratio is -24.75%.

Analyst Upgrades and Downgrades

TROX has been the subject of several recent analyst reports. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a report on Friday, April 26th. BMO Capital Markets upped their price objective on Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, UBS Group lifted their target price on Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.86.

About Tronox

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.