Tronox (NYSE:TROX – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06), Briefing.com reports. The business had revenue of $774.00 million for the quarter, compared to the consensus estimate of $753.98 million. Tronox had a negative net margin of 11.93% and a negative return on equity of 2.70%. Tronox’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS.
Tronox Trading Down 1.8 %
Shares of NYSE TROX opened at $18.84 on Friday. Tronox has a twelve month low of $10.08 and a twelve month high of $19.75. The firm has a fifty day simple moving average of $16.59 and a 200 day simple moving average of $14.18. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 4th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Friday, March 1st. Tronox’s dividend payout ratio is presently -22.42%.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Tronox
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.
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