Tronox (NYSE:TROX) Issues Earnings Results

Tronox (NYSE:TROX) posted its earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03), Zacks reports. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. Tronox updated its FY 2025 guidance to EPS.

Tronox Stock Performance

TROX stock traded down $0.98 during midday trading on Thursday, reaching $8.86. 694,530 shares of the company’s stock traded hands, compared to its average volume of 1,208,996. The firm has a market capitalization of $1.40 billion, a PE ratio of -18.52 and a beta of 1.60. The company has a 50-day moving average price of $10.17 and a two-hundred day moving average price of $12.08. Tronox has a 52 week low of $8.29 and a 52 week high of $20.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays dropped their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Truist Financial began coverage on Tronox in a research note on Tuesday, January 28th. They issued a “buy” rating and a $17.00 target price on the stock. BMO Capital Markets decreased their price target on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Morgan Stanley cut their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, UBS Group reduced their price objective on Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Tronox has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Tronox Company Profile

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.