Tronox Holdings plc (NYSE:TROX) Announces $0.13 Quarterly Dividend

Tronox Holdings plc (NYSE:TROX) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Monday, May 20th will be given a dividend of 0.125 per share on Friday, June 21st. This represents a $0.50 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, May 17th.

Tronox has increased its dividend by an average of 21.3% annually over the last three years. Tronox has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tronox to earn $1.27 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 39.4%.

Tronox Trading Down 0.1 %

Shares of Tronox stock traded down $0.02 on Wednesday, reaching $19.19. 405,874 shares of the company were exchanged, compared to its average volume of 1,174,263. The company has a current ratio of 3.12, a quick ratio of 1.09 and a debt-to-equity ratio of 1.44. Tronox has a fifty-two week low of $10.08 and a fifty-two week high of $19.75. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -8.62, a price-to-earnings-growth ratio of 25.36 and a beta of 1.91. The stock has a fifty day moving average price of $16.76 and a 200-day moving average price of $14.33.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, May 1st. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tronox had a negative return on equity of 2.74% and a negative net margin of 11.93%. The firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $753.98 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts expect that Tronox will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TROX. 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 report on Monday. UBS Group lifted their target price on Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. BMO Capital Markets raised their price target on shares of Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, StockNews.com lowered shares of Tronox from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Tronox presently has a consensus rating of “Hold” and an average price target of $16.29.

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.