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

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

Tronox Price Performance

Tronox stock traded up $2.11 during mid-day trading on Thursday, hitting $19.20. 1,935,964 shares of the company were exchanged, compared to its average volume of 1,161,211. The company has a market capitalization of $3.01 billion, a P/E ratio of -9.18, a PEG ratio of 22.87 and a beta of 1.91. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.84 and a quick ratio of 0.95. Tronox has a 12-month low of $10.08 and a 12-month high of $19.50. The business’s 50 day simple moving average is $16.43 and its two-hundred day simple moving average is $14.10.

Tronox Dividend Announcement

The business 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. This represents a $0.50 annualized dividend and a yield of 2.60%. The ex-dividend date was Friday, March 1st. Tronox’s payout ratio is -24.75%.

Wall Street Analysts Forecast Growth

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