Tronox Holdings PLC (NYSE:TROX) Announces Quarterly Dividend of $0.05

Tronox Holdings PLC (NYSE:TROX) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 10th will be given a dividend of 0.05 per share on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, August 10th.

Tronox has raised its dividend payment by an average of 0.0%annually over the last three years. Tronox has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tronox to earn ($0.21) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -95.2%.

Tronox Stock Down 1.4%

Shares of TROX opened at $6.07 on Thursday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.66 and a current ratio of 2.42. The company has a 50-day simple moving average of $6.92 and a 200-day simple moving average of $7.54. Tronox has a 52 week low of $2.86 and a 52 week high of $10.59. The firm has a market capitalization of $967.49 million, a P/E ratio of -2.08 and a beta of 0.80.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The firm had revenue of $760.00 million for the quarter, compared to analyst estimates of $751.38 million. During the same period last year, the business earned ($0.15) earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that Tronox will post -1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on TROX. Truist Financial upgraded shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 price target on the stock in a research note on Thursday, June 11th. Weiss Ratings lowered shares of Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Tronox from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of Tronox in a research report on Wednesday, May 20th. Finally, UBS Group lifted their price objective on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $6.79.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.