Tronox (NYSE:TROX) issued its quarterly earnings results on Thursday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22), MarketWatch Earnings reports. The company had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $414.80 million. Tronox had a positive return on equity of 7.52% and a negative net margin of 0.38%.
TROX traded down $0.28 during midday trading on Friday, reaching $11.22. The company had a trading volume of 4,013,007 shares, compared to its average volume of 1,807,772. The company has a quick ratio of 6.88, a current ratio of 8.48 and a debt-to-equity ratio of 3.64. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 20.04 and a beta of 2.99. Tronox has a 1 year low of $6.46 and a 1 year high of $21.04.
In other Tronox news, Director Ginger M. Jones acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $11.45 per share, with a total value of $229,000.00. Following the completion of the purchase, the director now directly owns 41,303 shares in the company, valued at approximately $472,919.35. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research upgraded Tronox from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Wednesday, March 6th. ValuEngine upgraded Tronox from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 20th. BMO Capital Markets set a $19.00 price target on Tronox and gave the stock a “buy” rating in a research report on Tuesday, March 19th. SunTrust Banks upped their price target on Tronox from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Barclays restated a “buy” rating and issued a $15.00 price target on shares of Tronox in a research report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.86.
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Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.
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