Tronox (NYSE:TROX) Announces Quarterly Earnings Results

Tronox (NYSE:TROX) released 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 Up 4.6%

Shares of NYSE:TROX traded up $0.15 during trading on Wednesday, hitting $3.56. 4,502,241 shares of the company’s stock traded hands, compared to its average volume of 3,069,670. The company has a 50-day moving average price of $4.12 and a 200-day moving average price of $6.59. Tronox has a 52 week low of $2.86 and a 52 week high of $10.59. The company has a current ratio of 2.55, a quick ratio of 0.81 and a debt-to-equity ratio of 2.62. The company has a market cap of $567.73 million, a price-to-earnings ratio of -1.03 and a beta of 0.98.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, November 16th. Tronox’s payout ratio is -5.78%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research downgraded Tronox from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Truist Financial decreased their target price on Tronox from $7.00 to $4.00 and set a “hold” rating on the stock in a report on Tuesday, October 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tronox in a research report on Friday, August 7th. Mizuho lowered their price target on shares of Tronox from $5.50 to $4.50 and set an “underperform” rating for the company in a research report on Wednesday, September 30th. Finally, JPMorgan Chase & Co. cut shares of Tronox from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $7.00 to $5.00 in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $5.33.

About Tronox

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.