Tronox Holdings plc (NYSE:TROX) Receives Average Rating of “Moderate Buy” from Analysts

Tronox Holdings plc (NYSE:TROX) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.33.

TROX has been the topic of a number of recent research reports. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Barclays decreased their price objective on Tronox from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. The Goldman Sachs Group lifted their price objective on Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a report on Monday, May 6th. Mizuho initiated coverage on Tronox in a report on Friday, June 7th. They set a “neutral” rating and a $22.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, May 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Tronox by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock valued at $178,000 after acquiring an additional 861 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Tronox by 4.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock valued at $393,000 after acquiring an additional 1,014 shares during the last quarter. ProShare Advisors LLC raised its position in Tronox by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 21,049 shares of the company’s stock worth $365,000 after purchasing an additional 1,657 shares during the last quarter. Natixis Advisors L.P. raised its position in Tronox by 8.4% in the 4th quarter. Natixis Advisors L.P. now owns 22,197 shares of the company’s stock worth $314,000 after purchasing an additional 1,726 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in Tronox in the 4th quarter worth approximately $27,000. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Down 0.6 %

TROX stock opened at $13.93 on Monday. Tronox has a twelve month low of $10.08 and a twelve month high of $20.70. The company has a market cap of $2.20 billion, a PE ratio of -6.24, a price-to-earnings-growth ratio of 26.81 and a beta of 1.70. The business’s 50-day simple moving average is $15.10 and its 200 day simple moving average is $16.57. 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 (NYSE:TROX) last released its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The firm had revenue of $820.00 million for the quarter, compared to analyst estimates of $848.04 million. During the same period last year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts anticipate that Tronox will post 0.44 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, August 26th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Monday, August 26th. Tronox’s dividend payout ratio (DPR) is currently -22.42%.

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.