Tronox (NYSE:TROX) Posts Quarterly Earnings Results

Tronox (NYSE:TROX) released its earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03), Zacks reports. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%.

Tronox Stock Down 1.2 %

Shares of Tronox stock traded down $0.12 during trading on Wednesday, hitting $9.83. 1,374,575 shares of the stock traded hands, compared to its average volume of 1,237,013. The stock has a market cap of $1.55 billion, a P/E ratio of -20.48 and a beta of 1.60. The company has a fifty day moving average price of $10.22 and a two-hundred day moving average price of $12.09. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. Tronox has a twelve month low of $8.73 and a twelve month high of $20.70.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Truist Financial began coverage on Tronox in a report on Tuesday, January 28th. They set a “buy” rating and a $17.00 price target on the stock. Morgan Stanley reduced their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Barclays lowered their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Finally, BMO Capital Markets reduced their price target on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Tronox presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.57.

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.