Tronox (NYSE:TROX) Releases Earnings Results, Beats Expectations By $0.06 EPS

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Tronox (NYSE:TROX) released its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06, Briefing.com reports. The business had revenue of $768.00 million for the quarter, compared to the consensus estimate of $797.64 million. Tronox had a positive return on equity of 5.37% and a negative net margin of 4.60%. Tronox’s quarterly revenue was up 68.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. Tronox updated its Q4 guidance to $0.01-0.11 EPS.

Shares of NYSE TROX opened at $10.79 on Friday. The business’s 50 day moving average price is $8.45 and its two-hundred day moving average price is $10.13. The company has a market cap of $1.40 billion, a PE ratio of 19.27 and a beta of 3.37. The company has a quick ratio of 1.62, a current ratio of 3.15 and a debt-to-equity ratio of 3.44. Tronox has a twelve month low of $6.46 and a twelve month high of $15.50.

A number of research firms recently issued reports on TROX. BMO Capital Markets set a $18.00 target price on Tronox and gave the company a “buy” rating in a research report on Monday, August 12th. Zacks Investment Research downgraded Tronox from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. ValuEngine raised Tronox from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet downgraded Tronox from a “c-” rating to a “d+” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.64.

In other Tronox news, SVP Jeffrey N. Neuman purchased 4,000 shares of the stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $7.60 per share, with a total value of $30,400.00. Following the completion of the transaction, the senior vice president now directly owns 83,510 shares in the company, valued at $634,676. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Tronox Company Profile

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.

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Earnings History for Tronox (NYSE:TROX)

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