$0.86 EPS Expected for Tronox Holdings plc (NYSE:TROX) This Quarter

Brokerages expect Tronox Holdings plc (NYSE:TROXGet Rating) to post $0.86 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Tronox’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.81. Tronox reported earnings per share of $0.61 in the same quarter last year, which suggests a positive year-over-year growth rate of 41%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Tronox will report full-year earnings of $3.14 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.30. For the next fiscal year, analysts expect that the business will report earnings of $3.57 per share, with EPS estimates ranging from $2.70 to $4.30. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Tronox.

Tronox (NYSE:TROXGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Tronox had a net margin of 7.76% and a return on equity of 19.25%. During the same period in the previous year, the business posted $0.43 EPS.

Several brokerages recently weighed in on TROX. Barclays cut their price target on Tronox from $27.00 to $25.00 in a research note on Monday, May 2nd. Zacks Investment Research lowered Tronox from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. StockNews.com began coverage on Tronox in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Tronox from $26.00 to $22.00 in a research note on Monday, May 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $26.57.

NYSE TROX opened at $17.85 on Friday. The stock has a 50-day simple moving average of $19.16 and a two-hundred day simple moving average of $21.90. The firm has a market capitalization of $2.75 billion, a P/E ratio of 10.03, a PEG ratio of 0.71 and a beta of 2.13. Tronox has a fifty-two week low of $15.54 and a fifty-two week high of $26.33. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.23 and a current ratio of 2.37.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Monday, March 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.80%. This is a boost from Tronox’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, March 4th. Tronox’s payout ratio is presently 28.09%.

In other news, insider Jonathan Flood sold 3,700 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $16.13, for a total transaction of $59,681.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jean Francois Turgeon sold 105,907 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $16.15, for a total value of $1,710,398.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 183,012 shares of company stock worth $2,955,570. 1.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TROX. Segantii Capital Management Ltd acquired a new position in Tronox in the first quarter valued at approximately $31,550,000. Norges Bank acquired a new position in Tronox in the fourth quarter valued at approximately $28,245,000. Millennium Management LLC lifted its holdings in Tronox by 130.4% in the fourth quarter. Millennium Management LLC now owns 1,935,631 shares of the company’s stock valued at $46,513,000 after acquiring an additional 1,095,514 shares during the last quarter. LSV Asset Management raised its position in Tronox by 399.4% in the fourth quarter. LSV Asset Management now owns 1,191,604 shares of the company’s stock valued at $28,634,000 after purchasing an additional 952,988 shares during the period. Finally, Marshall Wace LLP raised its position in Tronox by 168.6% in the fourth quarter. Marshall Wace LLP now owns 1,205,696 shares of the company’s stock valued at $28,973,000 after purchasing an additional 756,737 shares during the period. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Tronox Company Profile (Get Rating)

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; titanium tetrachloride; and other products.

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