Tronox (NYSE:TROX) released its quarterly earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01, MarketWatch Earnings reports. Tronox had a return on equity of 11.78% and a net margin of 0.54%. The business had revenue of $578.00 million during the quarter, compared to analysts’ expectations of $597.14 million. During the same period in the prior year, the business posted $0.26 EPS. The company’s revenue was down 26.9% compared to the same quarter last year.
Shares of Tronox stock traded up $0.02 during trading hours on Friday, hitting $7.62. 2,480,894 shares of the company’s stock traded hands, compared to its average volume of 1,071,857. The stock has a 50 day simple moving average of $7.29 and a 200-day simple moving average of $7.29. The company has a quick ratio of 1.21, a current ratio of 2.37 and a debt-to-equity ratio of 4.43. The company has a market cap of $1.09 billion, a PE ratio of 76.21 and a beta of 3.15. Tronox has a twelve month low of $3.97 and a twelve month high of $12.40.
Several equities analysts have recently issued reports on the company. SunTrust Banks decreased their price objective on Tronox from $20.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, May 8th. UBS Group increased their price target on shares of Tronox from $3.50 to $5.00 and gave the stock a “sell” rating in a research note on Friday, May 8th. Alembic Global Advisors restated a “buy” rating and issued a $11.00 target price on shares of Tronox in a research note on Wednesday. ValuEngine upgraded shares of Tronox from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, Zacks Investment Research downgraded shares of Tronox from a “hold” rating to a “sell” rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Tronox has an average rating of “Hold” and an average price target of $10.80.
Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.
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