$793.72 Million in Sales Expected for Tronox Ltd (NYSE:TROX) This Quarter

Analysts forecast that Tronox Ltd (NYSE:TROX) will report sales of $793.72 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Tronox’s earnings. The lowest sales estimate is $762.44 million and the highest is $825.00 million. Tronox reported sales of $492.00 million in the same quarter last year, which indicates a positive year over year growth rate of 61.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Tronox will report full-year sales of $2.89 billion for the current financial year, with estimates ranging from $2.86 billion to $2.92 billion. For the next fiscal year, analysts expect that the company will report sales of $3.52 billion, with estimates ranging from $3.34 billion to $3.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Tronox.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.22). The business had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $414.80 million. Tronox had a return on equity of 5.43% and a net margin of 0.17%.

A number of analysts have issued reports on TROX shares. SunTrust Banks decreased their price target on Unisys to $17.00 and set a “buy” rating for the company in a report on Thursday, April 11th. ValuEngine raised Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of in a report on Wednesday, June 19th. BMO Capital Markets raised Nevro from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $46.00 to $67.00 in a report on Tuesday, March 19th. Finally, Alembic Global Advisors set a $19.00 price target on Tronox and gave the stock a “buy” rating in a report on Friday, May 10th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.43.

NYSE TROX traded up $0.30 during trading on Friday, reaching $11.98. 2,920,209 shares of the company’s stock were exchanged, compared to its average volume of 1,575,940. The firm has a market cap of $1.78 billion, a PE ratio of 21.39 and a beta of 3.29. The company has a debt-to-equity ratio of 4.80, a quick ratio of 4.72 and a current ratio of 5.82. The stock has a 50 day simple moving average of $11.42. Tronox has a 1 year low of $6.46 and a 1 year high of $19.87.

In other news, Director Wayne A. Hinman bought 5,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $11.01 per share, for a total transaction of $55,050.00. Following the completion of the transaction, the director now owns 142,807 shares of the company’s stock, valued at $1,572,305.07. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Timothy C. Carlson bought 9,615 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average price of $10.40 per share, for a total transaction of $99,996.00. The disclosure for this purchase can be found here. Insiders have bought 29,027 shares of company stock worth $305,315 in the last quarter. Insiders own 1.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Optimum Investment Advisors acquired a new position in Tronox in the 1st quarter valued at about $39,000. PNC Financial Services Group Inc. increased its position in Tronox by 3,011.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,200 shares of the company’s stock valued at $32,000 after acquiring an additional 4,065 shares during the period. Quantamental Technologies LLC acquired a new position in Tronox in the 1st quarter valued at about $64,000. Daiwa Securities Group Inc. acquired a new position in Tronox in the 1st quarter valued at about $92,000. Finally, Bbva Compass Bancshares Inc. increased its position in Tronox by 14.0% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 14,342 shares of the company’s stock valued at $188,000 after acquiring an additional 1,766 shares during the period. Hedge funds and other institutional investors own 56.65% of the company’s stock.

About Tronox

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.

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