Key Points
- Tronox director Peter Johnston bought 20,000 shares at $2.63 each, a $52,600 purchase that increased his stake by 9.78% to 224,461 shares.
- The company’s latest quarter missed analyst expectations: loss per share was $0.34 versus an expected $0.21 loss, and revenue was $827 million versus $854.43 million expected, despite year-over-year revenue growth of 18.3%.
- Tronox declared a quarterly dividend of $0.05 per share, equivalent to a 7.0% annualized yield. Analyst sentiment was mostly cautious, with an average rating of “Reduce” and a $5.33 consensus price target.
Tronox Holdings PLC (NYSE:TROX - Get Free Report) Director Peter Johnston bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, November 9th. The stock was purchased at an average price of $2.63 per share, for a total transaction of $52,600.00. Following the completion of the transaction, the director directly owned 224,461 shares of the company's stock, valued at $590,332.43. This represents a 9.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Tronox Stock Performance
NYSE TROX opened at $2.86 on Wednesday. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.52 and a quick ratio of 0.81. Tronox Holdings PLC has a 1-year low of $2.41 and a 1-year high of $10.59. The business has a 50 day simple moving average of $3.86 and a two-hundred day simple moving average of $6.51. The stock has a market capitalization of $456.42 million, a PE ratio of -0.90 and a beta of 0.98.
Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.13). The firm had revenue of $827.00 million for the quarter, compared to analysts' expectations of $854.43 million. Tronox had a negative return on equity of 25.02% and a negative net margin of 15.86%. The firm's revenue was up 18.3% on a year-over-year basis. During the same period last year, the company earned ($0.46) earnings per share. On average, research analysts predict that Tronox Holdings PLC will post -1.49 EPS for the current fiscal year.
Tronox Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Monday, November 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.20 dividend on an annualized basis and a yield of 7.0%. Tronox's dividend payout ratio is presently -6.31%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Ieq Capital LLC bought a new stake in shares of Tronox in the 3rd quarter worth about $52,000. Russell Investments Group Ltd. grew its holdings in Tronox by 19.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 157,808 shares of the company's stock valued at $623,000 after purchasing an additional 25,884 shares during the last quarter. Inscription Capital LLC grew its holdings in Tronox by 98.8% during the 3rd quarter. Inscription Capital LLC now owns 20,317 shares of the company's stock valued at $80,000 after purchasing an additional 10,098 shares during the last quarter. Vise Technologies Inc. raised its position in Tronox by 33.0% in the 3rd quarter. Vise Technologies Inc. now owns 19,981 shares of the company's stock worth $79,000 after purchasing an additional 4,958 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new stake in Tronox in the 3rd quarter worth about $116,000. Institutional investors own 73.36% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on TROX. Truist Financial dropped their price objective on shares of Tronox from $7.00 to $4.00 and set a "hold" rating for the company in a research note on Tuesday, October 20th. Mizuho lowered their price target on shares of Tronox from $5.50 to $4.50 and set an "underperform" rating for the company in a report on Wednesday, September 30th. The Goldman Sachs Group dropped their price target on Tronox from $6.50 to $4.00 and set a "sell" rating for the company in a research report on Friday, October 9th. JPMorgan Chase & Co. raised Tronox from an "underweight" rating to a "neutral" rating in a research note on Monday. Finally, Zacks Research downgraded Tronox from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $5.33.
Get Our Latest Stock Analysis on Tronox
Tronox Company Profile
(
Get Free Report)
Tronox Holdings plc is a vertically integrated producer of titanium dioxide (TiO₂) pigment and mineral-sands products. Its operations span the value chain from mining titanium-bearing mineral sands to processing them into feedstocks and finished products. The company's products include TiO₂ pigment, used to add whiteness, brightness and opacity to paints, coatings, plastics and other materials. Tronox also produces titanium feedstocks such as chloride-grade slag and synthetic rutile, as well as zircon, which is used in ceramics and other applications.
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