Tronox (NYSE:TROX) Announces Quarterly Earnings Results

Tronox (NYSE:TROX) posted its quarterly earnings data on Wednesday. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.13), Zacks reports. Tronox had a negative net margin of 15.82% and a negative return on equity of 19.93%. During the same quarter in the previous year, the business earned ($0.28) EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis.

Tronox Stock Down 0.9%

Shares of TROX traded down $0.05 during trading hours on Wednesday, reaching $5.89. The company’s stock had a trading volume of 4,586,492 shares, compared to its average volume of 3,352,622. The firm has a market cap of $939.41 million, a price-to-earnings ratio of -2.02 and a beta of 0.82. Tronox has a 1-year low of $2.86 and a 1-year high of $10.59. The company has a quick ratio of 0.66, a current ratio of 2.42 and a debt-to-equity ratio of 2.36. The company has a 50 day moving average of $6.79 and a two-hundred day moving average of $7.55.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, August 10th. Tronox’s payout ratio is -6.85%.

Institutional Trading of Tronox

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in Tronox by 292.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after purchasing an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Tronox in the 3rd quarter worth approximately $37,000. Headlands Technologies LLC purchased a new stake in Tronox in the 2nd quarter worth approximately $38,000. Aigen Investment Management LP acquired a new stake in shares of Tronox during the 4th quarter valued at $43,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Tronox during the 4th quarter valued at $47,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TROX shares. UBS Group lifted their target price on shares of Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. The Goldman Sachs Group reduced their price target on shares of Tronox from $9.00 to $6.50 and set a “sell” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen lowered shares of Tronox from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Truist Financial upgraded shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective on the stock in a research report on Thursday, June 11th. Finally, Weiss Ratings downgraded shares of Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $6.79.

About Tronox

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.