Tronox Ltd (NYSE:TROX) has been assigned a consensus broker rating score of 1.86 (Buy) from the seven analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has given a hold recommendation and five have given a strong buy recommendation to the company.
Brokers have set a twelve-month consensus price objective of $23.29 for the company and are predicting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Tronox an industry rank of 226 out of 255 based on the ratings given to its competitors.
TROX has been the topic of a number of recent analyst reports. SunTrust Banks started coverage on Tronox in a research note on Tuesday, July 31st. They issued a “buy” rating and a $24.00 target price on the stock. ValuEngine upgraded Tronox from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. BMO Capital Markets cut their price target on Tronox from $31.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. Finally, Barclays cut their price target on Tronox from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday, August 6th.
TROX stock traded down $0.51 during midday trading on Tuesday, reaching $12.40. The company’s stock had a trading volume of 1,994,700 shares, compared to its average volume of 1,333,463. The company has a quick ratio of 6.43, a current ratio of 7.78 and a debt-to-equity ratio of 3.51. Tronox has a 1 year low of $12.30 and a 1 year high of $28.40. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -45.93 and a beta of 3.12.
Tronox (NYSE:TROX) last released its earnings results on Wednesday, August 1st. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06. Tronox had a positive return on equity of 6.75% and a negative net margin of 13.91%. The business had revenue of $492.00 million for the quarter, compared to analyst estimates of $506.10 million. research analysts expect that Tronox will post 0.65 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Monday, August 27th were paid a dividend of $0.045 per share. The ex-dividend date was Friday, August 24th. This represents a $0.18 annualized dividend and a dividend yield of 1.45%. Tronox’s dividend 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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