Tronox Ltd (TROX) Expected to Post Earnings of $0.09 Per Share

Wall Street brokerages expect Tronox Ltd (NYSE:TROX) to post $0.09 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Tronox’s earnings, with estimates ranging from $0.06 to $0.11. Tronox reported earnings per share of $0.12 in the same quarter last year, which suggests a negative year-over-year growth rate of 25%. The company is scheduled to issue its next earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Tronox will report full year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.60. For the next year, analysts anticipate that the firm will post earnings of $0.38 per share, with EPS estimates ranging from $0.11 to $0.64. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Tronox.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Monday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. Tronox had a negative net margin of 0.11% and a positive return on equity of 7.95%. The company had revenue of $456.00 million for the quarter, compared to analysts’ expectations of $449.51 million.

Several equities research analysts recently commented on TROX shares. Morgan Stanley dropped their price objective on shares of Tronox from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 25th. ValuEngine lowered shares of Tronox from a “sell” rating to a “strong sell” rating in a research note on Monday, August 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.00.

Shares of NYSE TROX traded down $0.39 during midday trading on Friday, hitting $7.30. 3,513,286 shares of the company traded hands, compared to its average volume of 1,894,287. Tronox has a 12-month low of $6.46 and a 12-month high of $22.15. The company has a debt-to-equity ratio of 3.58, a current ratio of 7.53 and a quick ratio of 6.15. The stock has a market capitalization of $945.35 million, a P/E ratio of -27.04 and a beta of 2.97.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Monday, November 26th were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.47%. The ex-dividend date was Friday, November 23rd. Tronox’s payout ratio is currently -66.67%.

Tronox Company Profile

Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.

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