Tronox (NYSE:TROX) issued an update on its first quarter 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.10-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $700-730 million, compared to the consensus revenue estimate of $697.09 million.
TROX has been the subject of a number of analyst reports. ValuEngine cut Tronox from a hold rating to a sell rating in a research note on Tuesday, March 3rd. Zacks Investment Research lowered Tronox from a hold rating to a sell rating in a report on Saturday, January 18th. Finally, Alembic Global Advisors reiterated a buy rating and set a $19.00 target price on shares of Tronox in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $17.00.
Tronox stock opened at $5.57 on Thursday. Tronox has a 1-year low of $4.29 and a 1-year high of $15.50. The firm has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $9.30. The firm has a market capitalization of $716.53 million, a price-to-earnings ratio of -7.23 and a beta of 3.42. The company has a current ratio of 2.95, a quick ratio of 1.34 and a debt-to-equity ratio of 3.33.
Tronox (NYSE:TROX) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.14. The firm had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $723.71 million. Tronox had a negative net margin of 4.13% and a positive return on equity of 7.76%. On average, equities research analysts forecast that Tronox will post 0.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 5.03%. This is an increase from Tronox’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 6th. Tronox’s dividend payout ratio (DPR) is presently 59.57%.
In other Tronox news, Director Ilan Kaufthal acquired 30,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average cost of $4.98 per share, with a total value of $149,400.00. Following the purchase, the director now directly owns 205,901 shares of the company’s stock, valued at approximately $1,025,386.98. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
Tronox Company Profile
Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.
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