Analysts forecast that Tronox Ltd (NYSE:TROX) will announce earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Tronox’s earnings, with estimates ranging from $0.10 to $0.28. Tronox reported earnings per share of $0.08 in the same quarter last year, which suggests a positive year-over-year growth rate of 162.5%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 14th.
On average, analysts expect that Tronox will report full year earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.60 to $0.91. For the next fiscal year, analysts forecast that the company will report earnings of $1.23 per share, with EPS estimates ranging from $0.85 to $1.95. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Tronox.
Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.06. The company had revenue of $492.00 million during the quarter, compared to the consensus estimate of $506.10 million. Tronox had a positive return on equity of 6.75% and a negative net margin of 13.91%.
Several research firms have recently weighed in on TROX. ValuEngine downgraded Tronox from a “sell” rating to a “strong sell” rating in a research note on Monday, August 13th. BMO Capital Markets dropped their price objective on Tronox from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, August 7th. Barclays dropped their price objective on Tronox from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Monday, August 6th. Finally, SunTrust Banks began coverage on Tronox in a report on Tuesday, July 31st. They set a “buy” rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Tronox presently has an average rating of “Buy” and a consensus price target of $26.50.
Shares of TROX stock traded down $0.43 on Friday, hitting $15.21. 1,319,600 shares of the stock were exchanged, compared to its average volume of 1,317,105. The company has a debt-to-equity ratio of 3.51, a quick ratio of 6.43 and a current ratio of 7.78. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -56.33 and a beta of 3.11. Tronox has a one year low of $13.50 and a one year high of $28.40.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Monday, August 27th will be issued a $0.045 dividend. The ex-dividend date is Friday, August 24th. This represents a $0.18 annualized dividend and a dividend yield of 1.18%. Tronox’s payout ratio is currently -66.67%.
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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