Tronox (TROX) Scheduled to Post Earnings on Wednesday

Tronox (NYSE:TROX) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Tronox to post earnings of $0.00 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Tronox (NYSE:TROX) last released its earnings results on Thursday, February 15th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.33). The company had revenue of $686.00 million for the quarter, compared to the consensus estimate of $668.95 million. Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($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 Tronox stock opened at $17.46 on Wednesday. The stock’s fifty day moving average is $15.94 and its two-hundred day moving average is $13.83. The company has a market capitalization of $2.74 billion, a PE ratio of -8.64, a price-to-earnings-growth ratio of 22.15 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 company 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 2.86%. The ex-dividend date of this dividend was Friday, March 1st. Tronox’s payout ratio is -24.75%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their price target on Tronox from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. UBS Group upped their price objective on Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Finally, StockNews.com upgraded Tronox to a “sell” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.