Tronox (NYSE:TROX) Announces Earnings Results

Tronox (NYSE:TROX) issued its quarterly earnings data on Wednesday. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.13), Zacks reports. Tronox had a negative return on equity of 24.34% and a negative net margin of 17.96%.

Tronox Stock Performance

TROX stock traded up $0.15 during mid-day trading on Wednesday, reaching $3.56. 4,502,241 shares of the stock traded hands, compared to its average volume of 3,069,670. The company has a quick ratio of 0.81, a current ratio of 2.55 and a debt-to-equity ratio of 2.62. The business has a 50-day moving average of $4.12 and a two-hundred day moving average of $6.59. The firm has a market capitalization of $567.73 million, a PE ratio of -1.03 and a beta of 0.98. Tronox has a 52 week low of $2.86 and a 52 week high of $10.59.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, November 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.20 dividend on an annualized basis and a yield of 5.6%. Tronox’s payout ratio is currently -5.78%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TROX. JPMorgan Chase & Co. lowered Tronox from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $7.00 to $5.00 in a report on Thursday, August 13th. UBS Group reduced their target price on Tronox from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, October 5th. Zacks Research downgraded shares of Tronox from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Mizuho cut their target price on Tronox from $5.50 to $4.50 and set an “underperform” rating for the company in a research report on Wednesday, September 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tronox in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Tronox currently has an average rating of “Reduce” and a consensus target price of $5.33.

Tronox Company Profile

Tronox Holdings plc (NYSE:TROX) is a global producer of titanium dioxide pigment and other titanium products. Its titanium dioxide is used to provide whiteness, brightness and opacity in paints and coatings, plastics, paper, inks and related applications. The company also produces zircon and other mineral sands products used in ceramics, refractories, foundries and industrial applications.

Tronox operates an integrated business that includes the mining of mineral sands, production of titanium-bearing feedstocks, and manufacture of titanium dioxide pigment and specialty products.