Tronox (NYSE:TROX) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.10-18 for the period, compared to the Thomson Reuters consensus estimate of $0.07. The company issued revenue guidance of $700-730 million, compared to the consensus revenue estimate of $697.14 million.Tronox also updated its Q1 2020
Pre-Market guidance to 0.10-0.18 EPS.
NYSE:TROX opened at $5.57 on Thursday. The firm has a 50 day simple moving average of $7.31 and a 200-day simple moving average of $9.30. The company has a debt-to-equity ratio of 3.33, a current ratio of 2.95 and a quick ratio of 1.34. The firm has a market cap of $716.53 million, a PE ratio of -7.23 and a beta of 3.42. Tronox has a 1-year low of $4.29 and a 1-year high of $15.50.
Tronox (NYSE:TROX) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Tronox had a positive return on equity of 7.76% and a negative net margin of 4.13%. The firm had revenue of $693.00 million for the quarter, compared to analyst estimates of $723.71 million. As a group, sell-side analysts expect that Tronox will post 0.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date was Friday, March 6th. This is a positive change from Tronox’s previous quarterly dividend of $0.05. Tronox’s dividend payout ratio (DPR) is 59.57%.
A number of equities analysts have weighed in on TROX shares. ValuEngine lowered shares of Tronox from a hold rating to a sell rating in a report on Tuesday, March 3rd. Alembic Global Advisors restated a buy rating and set a $19.00 target price on shares of Tronox in a report on Monday, December 2nd. Finally, Zacks Investment Research lowered shares of Tronox from a hold rating to a sell rating in a report on Saturday, January 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $17.00.
In other Tronox news, Director Ilan Kaufthal bought 30,000 shares of Tronox stock in a transaction dated Wednesday, March 18th. The stock was bought at an average cost of $4.98 per share, for a total transaction of $149,400.00. Following the purchase, the director now owns 205,901 shares in the company, valued at approximately $1,025,386.98. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.
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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