Tronox Ltd (NYSE:TROX) – Equities researchers at SunTrust Banks dropped their FY2018 earnings estimates for shares of Tronox in a note issued to investors on Monday, December 17th. SunTrust Banks analyst J. Sheehan now expects that the company will post earnings per share of $0.49 for the year, down from their previous forecast of $0.54. SunTrust Banks also issued estimates for Tronox’s Q4 2018 earnings at $0.01 EPS and FY2019 earnings at ($0.01) EPS.
Get Tronox alerts: Tronox (NYSE:TROX) last released its quarterly earnings results on Monday, November 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Tronox had a positive return on equity of 7.95% and a negative net margin of 0.11%. The company had revenue of $456.00 million for the quarter, compared to analysts’ expectations of $449.51 million.
A number of other research analysts have also recently commented on the company. Morgan Stanley decreased their price target on Tronox from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 25th. Alembic Global Advisors set a $35.00 price target on Tronox and gave the stock a “buy” rating in a research note on Monday, October 29th. BMO Capital Markets decreased their price target on Tronox to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 2nd. Finally, UBS Group set a $10.00 price target on Tronox and gave the stock a “sell” rating in a research note on Thursday, December 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.50.
NYSE:TROX opened at $7.23 on Thursday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 6.15 and a current ratio of 7.53. Tronox has a 52 week low of $6.46 and a 52 week high of $22.15. The firm has a market cap of $910.93 million, a price-to-earnings ratio of -26.78 and a beta of 2.97.
In related news, CEO Jeffry N. Quinn acquired 25,000 shares of the business’s stock in a transaction dated Monday, December 10th. The shares were acquired at an average price of $7.21 per share, with a total value of $180,250.00. Following the completion of the transaction, the chief executive officer now owns 171,931 shares of the company’s stock, valued at $1,239,622.51. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, CFO Timothy C. Carlson acquired 21,000 shares of the business’s stock in a transaction dated Tuesday, December 11th. The shares were bought at an average cost of $7.15 per share, for a total transaction of $150,150.00. Following the transaction, the chief financial officer now directly owns 104,021 shares of the company’s stock, valued at approximately $743,750.15. The disclosure for this purchase can be found here . Insiders have bought 49,800 shares of company stock worth $358,672 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Monday, November 26th were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Friday, November 23rd. Tronox’s dividend payout ratio is currently -66.67%.
About Tronox
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.
Featured Story: No Load Funds
