Wall Street analysts expect Tronox Ltd (NYSE:TROX) to post $449.51 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Tronox’s earnings, with the highest sales estimate coming in at $464.00 million and the lowest estimate coming in at $435.01 million. Tronox reported sales of $435.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.3%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, November 5th.

On average, analysts expect that Tronox will report full year sales of $1.85 billion for the current year, with estimates ranging from $1.81 billion to $1.89 billion. For the next financial year, analysts forecast that the company will post sales of $1.85 billion, with estimates ranging from $1.80 billion to $1.90 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Tronox.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.06. The company had revenue of $492.00 million for the quarter, compared to the consensus estimate of $506.10 million. Tronox had a negative net margin of 13.91% and a positive return on equity of 6.75%.

Several analysts recently commented on the company. ValuEngine cut Tronox from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. BMO Capital Markets cut their price target on Tronox from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, August 7th. Barclays reduced their price objective on Tronox from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, August 6th. SunTrust Banks assumed coverage on Tronox in a research note on Tuesday, July 31st. They issued a “buy” rating and a $24.00 price objective for the company. Finally, Morgan Stanley dropped their price target on Tronox from $21.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Tronox currently has an average rating of “Hold” and an average target price of $23.00.

Shares of Tronox stock traded down $0.25 during trading on Tuesday, reaching $11.31. The company’s stock had a trading volume of 2,158,964 shares, compared to its average volume of 1,541,195. The stock has a market cap of $1.39 billion, a PE ratio of 21.75 and a beta of 3.11. Tronox has a 52 week low of $10.75 and a 52 week high of $28.40. The company has a debt-to-equity ratio of 3.51, a quick ratio of 6.43 and a current ratio of 7.78.

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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