Brokerages Expect Tronox Ltd (TROX) Will Post Quarterly Sales of $415.12 Million

Equities analysts expect that Tronox Ltd (NYSE:TROX) will post $415.12 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Tronox’s earnings, with the lowest sales estimate coming in at $402.23 million and the highest estimate coming in at $428.00 million. Tronox posted sales of $464.00 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.5%. The company is scheduled to announce its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Tronox will report full-year sales of $1.81 billion for the current year, with estimates ranging from $1.79 billion to $1.83 billion. For the next year, analysts anticipate that the firm will post sales of $1.89 billion, with estimates ranging from $1.82 billion to $1.96 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Tronox.

Tronox (NYSE:TROX) last issued its earnings results on Monday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $456.00 million during the quarter, compared to the consensus estimate of $449.51 million. Tronox had a positive return on equity of 7.95% and a negative net margin of 0.11%.

TROX has been the subject of a number of analyst reports. BMO Capital Markets cut their target price on Tronox from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. Morgan Stanley cut their target price on Tronox from $21.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 25th. Barclays cut their target price on Tronox from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Monday, August 6th. ValuEngine downgraded Tronox from a “sell” rating to a “strong sell” rating in a research note on Monday, August 13th. Finally, SunTrust Banks assumed coverage on Tronox in a research note on Tuesday, July 31st. They issued a “buy” rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.00.

Shares of TROX stock traded down $0.19 during trading hours on Friday, reaching $10.84. 459,767 shares of the company’s stock were exchanged, compared to its average volume of 1,825,274. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -40.15 and a beta of 2.94. Tronox has a 1 year low of $9.97 and a 1 year high of $28.07. The company has a current ratio of 7.53, a quick ratio of 6.15 and a debt-to-equity ratio of 3.58.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 23rd. Tronox’s dividend payout ratio (DPR) is presently -66.67%.

Tronox Company Profile

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.

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