Tronox Holdings plc (NYSE:TROX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Tronox Holdings plc (NYSE:TROX) have been given an average rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.86.

TROX has been the topic of several research analyst reports. UBS Group upped their price objective on Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. BMO Capital Markets upped their price objective on Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, StockNews.com upgraded Tronox to a “sell” rating in a research note on Wednesday, February 14th.

Tronox Stock Performance

Shares of TROX opened at $17.14 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. The stock has a 50 day moving average price of $15.94 and a two-hundred day moving average price of $13.83. The firm has a market capitalization of $2.69 billion, a P/E ratio of -8.49, a P/E/G ratio of 22.15 and a beta of 1.93. Tronox has a 52 week low of $10.08 and a 52 week high of $17.89.

Tronox (NYSE:TROX) last announced its 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 during the quarter, compared to analysts’ expectations of $668.95 million. During the same quarter in the previous year, the firm earned ($0.17) EPS. Tronox’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that Tronox will post 0.59 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 4th were given a dividend of $0.125 per share. The ex-dividend date was Friday, March 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.92%. Tronox’s dividend payout ratio is currently -24.75%.

Institutional Investors Weigh In On Tronox

Several institutional investors have recently made changes to their positions in the stock. Millburn Ridgefield Corp bought a new position in shares of Tronox in the third quarter worth $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Tronox in the third quarter worth $25,000. GAMMA Investing LLC bought a new position in shares of Tronox in the fourth quarter worth $27,000. DekaBank Deutsche Girozentrale bought a new position in shares of Tronox in the third quarter worth $50,000. Finally, TFO Wealth Partners LLC increased its holdings in shares of Tronox by 260,833.3% in the fourth quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock worth $111,000 after purchasing an additional 7,825 shares during the period. Hedge funds and other institutional investors own 73.36% of the company’s stock.

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.