Tronox (NYSE:TROX) has received an average broker rating score of 1.86 (Buy) from the seven analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has given a hold recommendation and five have assigned a strong buy recommendation to the company. Tronox’s rating score has improved by 7% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus price target of $24.71 for the company and are anticipating that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given Tronox an industry rank of 96 out of 265 based on the ratings given to its competitors.
Several equities research analysts recently commented on TROX shares. ValuEngine raised shares of Tronox from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Barclays reaffirmed an “overweight” rating on shares of Tronox in a research report on Monday, March 12th. Finally, BMO Capital Markets started coverage on shares of Tronox in a research report on Wednesday, March 28th. They issued an “outperform” rating and a $24.00 price objective on the stock.
TROX opened at $19.08 on Friday. The firm has a market capitalization of $2,307.60, a P/E ratio of -70.67, a P/E/G ratio of 2.82 and a beta of 3.20. Tronox has a 12 month low of $12.88 and a 12 month high of $28.40. The company has a current ratio of 7.58, a quick ratio of 6.22 and a debt-to-equity ratio of 3.08.
Tronox (NYSE:TROX) last posted its quarterly earnings data on Thursday, March 1st. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $429.49 million. Tronox had a negative net margin of 13.64% and a positive return on equity of 0.66%. equities analysts forecast that Tronox will post 0.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 12th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.18 annualized dividend and a yield of 0.94%. Tronox’s dividend payout ratio (DPR) is presently -66.67%.
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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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