Tronox (NYSE:TROX) Announces Earnings Results

Tronox (NYSE:TROX) announced its earnings results on Wednesday. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.26), Zacks reports. Tronox had a negative return on equity of 8.10% and a negative net margin of 11.39%.

Tronox Stock Up 2.1%

Shares of NYSE:TROX traded up $0.16 during trading hours on Wednesday, reaching $7.76. The stock had a trading volume of 7,107,931 shares, compared to its average volume of 3,965,266. Tronox has a 1 year low of $2.86 and a 1 year high of $8.80. The firm’s 50 day moving average is $5.70 and its 200-day moving average is $4.52. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -3.78 and a beta of 1.18. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.73 and a current ratio of 2.72.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, February 23rd. Tronox’s payout ratio is -9.76%.

Institutional Trading of Tronox

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Truist Financial upped their price target on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Mizuho increased their target price on Tronox from $3.00 to $3.50 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th. UBS Group lifted their target price on Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group raised their price objective on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.03.

Tronox Company Profile

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.