Analysts predict that Tronox Holdings plc (NYSE:TROX – Get Rating) will report $987.86 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Tronox’s earnings, with the highest sales estimate coming in at $998.22 million and the lowest estimate coming in at $976.10 million. Tronox posted sales of $927.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Tronox will report full year sales of $3.97 billion for the current year, with estimates ranging from $3.85 billion to $4.05 billion. For the next fiscal year, analysts anticipate that the business will post sales of $4.09 billion, with estimates ranging from $3.93 billion to $4.18 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Tronox.
Tronox (NYSE:TROX – Get Rating) last posted its earnings results on Wednesday, April 27th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). Tronox had a return on equity of 19.25% and a net margin of 7.76%. During the same period in the prior year, the firm earned $0.43 earnings per share.
In related news, CEO Jean Francois Turgeon sold 105,907 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $16.15, for a total value of $1,710,398.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey N. Neuman acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 9th. The stock was purchased at an average price of $17.17 per share, with a total value of $51,510.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 183,012 shares of company stock valued at $2,955,570. 1.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in TROX. CENTRAL TRUST Co bought a new stake in Tronox in the 4th quarter worth approximately $25,000. Bourgeon Capital Management LLC grew its position in Tronox by 50.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 3,000 shares of the company’s stock worth $72,000 after purchasing an additional 1,000 shares during the period. Mint Tower Capital Management B.V. bought a new stake in Tronox in the 3rd quarter worth approximately $135,000. Point72 Hong Kong Ltd grew its position in Tronox by 56.3% in the 3rd quarter. Point72 Hong Kong Ltd now owns 7,040 shares of the company’s stock worth $174,000 after purchasing an additional 2,535 shares during the period. Finally, Meeder Asset Management Inc. grew its position in Tronox by 89.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,280 shares of the company’s stock worth $180,000 after purchasing an additional 3,436 shares during the period. Institutional investors own 65.83% of the company’s stock.
NYSE TROX opened at $16.93 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.37 and a quick ratio of 1.23. Tronox has a 1 year low of $15.54 and a 1 year high of $26.33. The business’s 50-day moving average is $19.13 and its 200 day moving average is $21.81. The stock has a market capitalization of $2.61 billion, a PE ratio of 9.51, a PEG ratio of 0.70 and a beta of 2.13.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Monday, March 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.95%. This is a positive change from Tronox’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, March 4th. Tronox’s dividend payout ratio (DPR) is presently 28.09%.
About Tronox (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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