Tronox (TROX) Scheduled to Post Earnings on Wednesday

Tronox (NYSE:TROX) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

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

Tronox Stock Up 0.6 %

TROX opened at $17.48 on Monday. Tronox has a fifty-two week low of $10.08 and a fifty-two week high of $17.89. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.84 and a quick ratio of 0.95. The firm’s fifty day moving average price is $16.27 and its two-hundred day moving average price is $13.98. The company has a market capitalization of $2.74 billion, a P/E ratio of -8.65, a P/E/G ratio of 23.53 and a beta of 1.93.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 4th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.86%. Tronox’s dividend payout ratio is currently -24.75%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. UBS Group boosted their target price on shares of Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Finally, StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.86.

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.