Tronox (NYSE:TROX) Issues Earnings Results

Tronox (NYSE:TROX) announced its earnings results on Wednesday. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.13), Zacks reports. Tronox had a negative net margin of 17.96% and a negative return on equity of 23.24%. The firm had revenue of $868.00 million during the quarter, compared to analyst estimates of $832.59 million. During the same period in the previous year, the firm posted ($0.28) EPS. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year.

Tronox Stock Performance

Shares of TROX stock opened at $6.95 on Friday. The stock’s fifty day simple moving average is $6.72 and its 200-day simple moving average is $7.56. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -2.01 and a beta of 0.82. The company has a current ratio of 2.42, a quick ratio of 0.66 and a debt-to-equity ratio of 2.36. Tronox has a 1-year low of $2.86 and a 1-year high of $10.59.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Monday, August 10th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. Tronox’s dividend payout ratio (DPR) is -6.85%.

Analysts Set New Price Targets

TROX has been the topic of several analyst reports. Weiss Ratings downgraded Tronox from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Truist Financial upgraded shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 price target on the stock in a research report on Thursday, June 11th. UBS Group increased their price objective on shares of Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on shares of Tronox in a report on Wednesday, May 20th. Finally, Wall Street Zen lowered Tronox from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Tronox has a consensus rating of “Reduce” and a consensus target price of $7.25.

Hedge Funds Weigh In On Tronox

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Tronox by 27.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,637,371 shares of the company’s stock valued at $23,508,000 after acquiring an additional 1,205,249 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Tronox by 16.5% during the 4th quarter. Primecap Management Co. CA now owns 5,478,402 shares of the company’s stock valued at $22,845,000 after buying an additional 773,900 shares during the last quarter. State Street Corp grew its stake in shares of Tronox by 4.8% in the 4th quarter. State Street Corp now owns 3,039,337 shares of the company’s stock valued at $12,819,000 after buying an additional 139,960 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Tronox by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,846,828 shares of the company’s stock valued at $11,873,000 after purchasing an additional 20,837 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Tronox by 2.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,360,018 shares of the company’s stock worth $9,841,000 after buying an additional 45,206 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.