Tronox Holdings PLC (NYSE:TROX – Get Free Report)’s share price was down 5.4% during trading on Thursday after Mizuho lowered their price target on the stock from $5.50 to $4.50. Mizuho currently has an underperform rating on the stock. Tronox traded as low as $3.75 and last traded at $3.7350. 320,769 shares changed hands during trading, a decline of 90% from the average daily volume of 3,150,729 shares. The stock had previously closed at $3.95.
TROX has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded shares of Tronox from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $7.00 to $5.00 in a research note on Thursday, August 13th. Truist Financial raised shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research report on Thursday, June 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tronox in a research note on Friday, August 7th. Wall Street Zen cut Tronox from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, The Goldman Sachs Group lowered their price objective on Tronox from $9.00 to $6.50 and set a “sell” rating for the company in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $7.00.
Get Our Latest Analysis on TROX
Institutional Investors Weigh In On Tronox
Tronox Stock Down 5.6%
The business’s fifty day moving average price is $5.26 and its 200 day moving average price is $7.02. The firm has a market capitalization of $595.20 million, a price-to-earnings ratio of -1.08 and a beta of 0.79. The company has a current ratio of 2.55, a quick ratio of 0.81 and a debt-to-equity ratio of 2.62.
Tronox (NYSE:TROX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.13). Tronox had a negative net margin of 17.96% and a negative return on equity of 24.34%. The business had revenue of $868.00 million during the quarter, compared to analyst estimates of $832.59 million. During the same quarter in the prior year, the firm posted ($0.28) earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, equities analysts expect that Tronox Holdings PLC will post -1.37 EPS for the current year.
Tronox Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.20 annualized dividend and a yield of 5.4%. Tronox’s dividend payout ratio is currently -5.78%.
Tronox Company Profile
Tronox Holdings plc (NYSE:TROX) is a global producer of titanium dioxide (TiO2) pigment, a material used to provide whiteness, brightness, and opacity in paints and coatings, plastics, paper, and other products. The company also produces titanium feedstocks, zircon, and other mineral-sands products used in pigment manufacturing and a range of industrial applications.
Tronox operates an integrated business model that includes the exploration and mining of mineral sands, processing and upgrading titanium-bearing ores, manufacturing TiO2 pigment, and producing related specialty materials.
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