Tronox (TROX) Set to Announce Quarterly Earnings on Thursday

Tronox (NYSE:TROX) is set to announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Tronox (NYSE:TROX) last announced its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The company had revenue of $820.00 million during the quarter, compared to the consensus estimate of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. On average, analysts expect Tronox to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Tronox Stock Performance

Shares of Tronox stock opened at $13.61 on Tuesday. The firm has a 50 day simple moving average of $13.54 and a 200 day simple moving average of $15.99. Tronox has a fifty-two week low of $10.08 and a fifty-two week high of $20.70. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.98 and a quick ratio of 1.08. The firm has a market cap of $2.15 billion, a P/E ratio of -6.10, a P/E/G ratio of 30.16 and a beta of 1.64.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, August 26th were given a dividend of $0.125 per share. The ex-dividend date was Monday, August 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.67%. Tronox’s payout ratio is currently -22.42%.

Analyst Ratings Changes

Several analysts have weighed in on TROX shares. BMO Capital Markets dropped their price objective on Tronox from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, September 30th. The Goldman Sachs Group lowered their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, September 19th. Barclays reduced their price target on Tronox from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Finally, UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $19.00 in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.83.

Tronox Company Profile

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.