Tronox Holdings plc to Issue Quarterly Dividend of $0.13 (NYSE:TROX)

Tronox Holdings plc (NYSE:TROX) announced a quarterly dividend on Tuesday, August 13th, Wall Street Journal reports. Shareholders of record on Monday, August 26th will be paid a dividend of 0.125 per share on Friday, September 27th. This represents a $0.50 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Monday, August 26th.

Tronox has raised its dividend payment by an average of 21.3% annually over the last three years. Tronox has a dividend payout ratio of 35.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tronox to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 38.2%.

Tronox Stock Performance

NYSE TROX opened at $14.33 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.98 and a debt-to-equity ratio of 1.44. Tronox has a twelve month low of $10.08 and a twelve month high of $20.70. The business has a 50-day moving average price of $15.54 and a 200-day moving average price of $16.58. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -6.43, a price-to-earnings-growth ratio of 22.18 and a beta of 1.70.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.11). The business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 earnings per share. As a group, equities research analysts predict that Tronox will post 0.51 EPS for the current fiscal year.

Analyst Ratings Changes

TROX has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Tronox from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Barclays dropped their price target on Tronox from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. The Goldman Sachs Group increased their target price on Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Mizuho assumed coverage on shares of Tronox in a research report on Friday, June 7th. They issued a “neutral” rating and a $22.00 price target on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.33.

About Tronox

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.