Tronox Ltd (NASDAQ:TROX) announced a quarterly dividend on Tuesday, August 8th, Fidelity reports. Shareholders of record on Monday, August 21st will be given a dividend of 0.045 per share on Thursday, August 31st. This represents a $0.18 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 17th.
Tronox (NASDAQ TROX) traded up 2.71% during midday trading on Friday, reaching $19.69. 1,090,494 shares of the company’s stock traded hands. The company’s 50-day moving average price is $17.61 and its 200 day moving average price is $16.41. Tronox has a 52 week low of $7.40 and a 52 week high of $21.00. The stock has a market capitalization of $2.34 billion and a price-to-earnings ratio of 49.35.
Tronox (NASDAQ:TROX) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.16. The firm had revenue of $622 million during the quarter, compared to the consensus estimate of $601.55 million. During the same period in the prior year, the business earned ($0.43) EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts expect that Tronox will post $0.13 earnings per share for the current year.
Separately, UBS AG reissued a “sell” rating and issued a $14.00 price target (down previously from $15.00) on shares of Tronox in a research report on Wednesday, June 14th.
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. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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