Tronox (NYSE:TROX) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Tronox (NYSE:TROX) announced its quarterly earnings data on Wednesday. The company reported $0.03 earnings per share (EPS) 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 Trading Down 1.2 %

Shares of Tronox stock traded down $0.12 during trading on Wednesday, hitting $9.83. 1,374,575 shares of the company were exchanged, compared to its average volume of 1,237,013. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The firm has a market capitalization of $1.55 billion, a P/E ratio of -20.48 and a beta of 1.60. The firm’s fifty day moving average price is $10.22 and its 200 day moving average price is $12.09. Tronox has a 1-year low of $8.73 and a 1-year high of $20.70.

Analysts Set New Price Targets

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

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.