Tronox Holdings PLC (TROX) To Go Ex-Dividend on February 23rd

Tronox Holdings PLC (NYSE:TROX) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Monday, February 23rd will be paid a dividend of 0.05 per share on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, February 23rd.

Tronox has increased its dividend by an average of 0.2%per year over the last three years. Tronox has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tronox to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 20.8%.

Tronox Price Performance

NYSE TROX opened at $6.83 on Friday. The firm has a market cap of $1.08 billion, a P/E ratio of -2.30 and a beta of 1.18. The stock’s 50-day moving average is $5.85 and its two-hundred day moving average is $4.58. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $8.80. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.72 and a quick ratio of 0.73.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.28% and a negative net margin of 16.22%.The company had revenue of $730.00 million during the quarter, compared to analyst estimates of $730.22 million. During the same quarter last year, the firm posted $0.03 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts anticipate that Tronox will post 0.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TROX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $8.00 price target on shares of Tronox in a report on Tuesday, January 27th. UBS Group increased their price target on shares of Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a report on Monday, January 12th. Mizuho set a $4.00 target price on shares of Tronox in a research note on Thursday. The Goldman Sachs Group upped their price target on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Truist Financial raised their target price on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.08.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.