Analysts expect that Tronox Ltd (NYSE:TROX) will announce $0.11 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Tronox’s earnings, with estimates ranging from $0.05 to $0.17. Tronox posted earnings per share of $0.31 in the same quarter last year, which would suggest a negative year-over-year growth rate of 64.5%. The business is expected to report its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Tronox will report full year earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from $0.39 to $0.45. For the next year, analysts forecast that the company will post earnings of $1.98 per share, with EPS estimates ranging from $1.65 to $2.31. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Tronox.
Tronox (NYSE:TROX) last issued its earnings results on Thursday, May 9th. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.22). The business had revenue of $390.00 million for the quarter, compared to analyst estimates of $414.80 million. Tronox had a return on equity of 5.43% and a net margin of 0.17%.
A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Tronox from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. ValuEngine raised shares of Tronox from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 15th. Alembic Global Advisors set a $19.00 price objective on shares of Tronox and gave the stock a “buy” rating in a report on Friday, May 10th. BMO Capital Markets set a $19.00 price objective on shares of Tronox and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Barclays reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Tronox in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Tronox currently has a consensus rating of “Hold” and an average target price of $15.57.
Shares of NYSE:TROX opened at $11.08 on Monday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 19.79 and a beta of 3.13. Tronox has a 1-year low of $6.46 and a 1-year high of $21.04. The company has a debt-to-equity ratio of 4.80, a quick ratio of 4.72 and a current ratio of 5.82.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a $0.045 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.62%. Tronox’s dividend payout ratio (DPR) is presently 32.14%.
In related news, Chairman Jeffry N. Quinn bought 9,600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $10.45 per share, for a total transaction of $100,320.00. Following the transaction, the chairman now directly owns 266,720 shares of the company’s stock, valued at approximately $2,787,224. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Timothy C. Carlson bought 9,615 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average price of $10.40 per share, with a total value of $99,996.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 29,027 shares of company stock worth $305,315. Corporate insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in Tronox by 46.6% during the 4th quarter. Rhumbline Advisers now owns 128,596 shares of the company’s stock valued at $1,000,000 after acquiring an additional 40,888 shares in the last quarter. Water Island Capital LLC boosted its position in shares of Tronox by 110.0% in the 4th quarter. Water Island Capital LLC now owns 31,500 shares of the company’s stock worth $245,000 after purchasing an additional 16,500 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Tronox in the 4th quarter worth $2,372,000. PNC Financial Services Group Inc. boosted its position in shares of Tronox by 3,011.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,200 shares of the company’s stock worth $32,000 after purchasing an additional 4,065 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Tronox by 147.5% in the 4th quarter. California Public Employees Retirement System now owns 300,302 shares of the company’s stock worth $2,336,000 after purchasing an additional 178,947 shares in the last quarter. Hedge funds and other institutional investors own 56.65% of the company’s stock.
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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