Tronox Holdings plc Declares Quarterly Dividend of $0.13 (NYSE:TROX)

Tronox Holdings plc (NYSE:TROX) declared a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Monday, May 20th will be paid a dividend of 0.125 per share on Friday, June 21st. This represents a $0.50 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, May 17th.

Tronox has raised its dividend payment by an average of 21.3% annually over the last three years. Tronox has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tronox to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 39.4%.

Tronox Price Performance

Shares of NYSE:TROX traded down $0.02 during trading on Thursday, hitting $19.17. 157,726 shares of the company’s stock were exchanged, compared to its average volume of 1,167,239. The business’s 50-day simple moving average is $16.85 and its 200 day simple moving average is $14.37. The company has a market cap of $3.01 billion, a price-to-earnings ratio of -8.61, a PEG ratio of 25.36 and a beta of 1.91. Tronox has a 52-week low of $10.08 and a 52-week high of $19.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The company had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $753.98 million. During the same period last year, the business earned $0.15 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts predict that Tronox will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TROX shares. The Goldman Sachs Group lifted their price target on shares of Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a report on Monday. StockNews.com cut Tronox from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. UBS Group increased their price target on Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Finally, BMO Capital Markets lifted their price objective on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.29.

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.