Tronox Holdings plc (NYSE:TROX) Receives $14.86 Average PT from Brokerages

Tronox Holdings plc (NYSE:TROX) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.86.

Several brokerages recently commented on TROX. BMO Capital Markets increased their price objective on shares of Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. UBS Group increased their price objective on shares of Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Finally, StockNews.com raised shares of Tronox to a “sell” rating in a research note on Wednesday, February 14th.

Tronox Stock Performance

Shares of Tronox stock opened at $17.37 on Tuesday. The company has a 50 day moving average of $16.13 and a 200-day moving average of $13.90. Tronox has a 1-year low of $10.08 and a 1-year high of $17.89. The company has a current ratio of 2.84, a quick ratio of 0.95 and a debt-to-equity ratio of 1.41. The company has a market cap of $2.72 billion, a PE ratio of -8.60, a price-to-earnings-growth ratio of 23.50 and a beta of 1.93.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.33). The company had revenue of $686.00 million during the quarter, compared to the consensus estimate of $668.95 million. Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. Tronox’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.17) EPS. As a group, equities research analysts forecast that Tronox will post 0.6 earnings per share for the current fiscal year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 4th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Friday, March 1st. Tronox’s dividend payout ratio (DPR) is currently -24.75%.

Institutional Investors Weigh In On Tronox

Several large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Tronox by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after buying an additional 861 shares during the period. Arizona State Retirement System increased its position in shares of Tronox by 2.8% during the third quarter. Arizona State Retirement System now owns 33,469 shares of the company’s stock worth $450,000 after buying an additional 923 shares during the period. Natixis Advisors L.P. increased its position in shares of Tronox by 4.9% during the third quarter. Natixis Advisors L.P. now owns 20,471 shares of the company’s stock worth $275,000 after buying an additional 959 shares during the period. Millburn Ridgefield Corp acquired a new stake in shares of Tronox during the third quarter worth $25,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Tronox during the third quarter worth $25,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

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.