Tronox (TROX) Set to Announce Quarterly Earnings on Wednesday

Tronox (NYSE:TROX) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.33). The business had revenue of $686.00 million during the quarter, compared to the consensus estimate of $668.95 million. Tronox had a negative return on equity of 1.13% and a negative net margin of 11.09%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned ($0.17) EPS. On average, analysts expect Tronox to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Tronox Stock Performance

Shares of NYSE:TROX opened at $17.73 on Tuesday. The firm has a 50 day moving average of $16.27 and a 200 day moving average of $13.99. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -8.75, a price-to-earnings-growth ratio of 23.53 and a beta of 1.93. The company has a quick ratio of 0.95, a current ratio of 2.84 and a debt-to-equity ratio of 1.41. Tronox has a 52 week low of $10.08 and a 52 week high of $17.89.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 4th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Friday, March 1st. Tronox’s payout ratio is presently -24.75%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TROX. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a research report on Friday. BMO Capital Markets upped their price target on shares of Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Finally, UBS Group upped their price target on shares of Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tronox currently has a consensus rating of “Hold” and an average target price of $14.86.

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.