2 weeks Ago By ABMN Staff
Tronox ( NYSE:TROX – Free Report ) had its price objective trimmed by BMO Capital Markets from $22.00 to $21.00 in a report issued on Monday, Benzinga reports.
The firm currently has an outperform rating on the stock. A number of other brokerages also recently issued reports on TROX. StockNews.
com upgraded Tronox from a sell rating to a hold rating in a research note on Monday, August 5th. UBS Group reduced their price objective on Tronox from $19.00 to $18.
00 and set a neutral rating for the company in a research note on Tuesday, July 9th. The Goldman Sachs Group reduced their price objective on Tronox from $18.00 to $16.
00 and set a buy rating for the company in a research note on Thursday, September 19th. Mizuho started coverage on Tronox in a research note on Friday, June 7th. They issued a neutral rating and a $22.
00 price objective for the company. Finally, Barclays reduced their price objective on Tronox from $19.00 to $18.
00 and set an overweight rating for the company in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.
com, Tronox presently has a consensus rating of Hold and an average target price of $17.67. Get Our Latest Stock Report on TROX Tronox Stock Performance Tronox ( NYSE:TROX – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st.
The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.
11). The business had revenue of $820.00 million during the quarter, compared to the consensus estimate of $848.
04 million. Tronox had a negative net margin of 2.14% and a negative return on equity of 3.
40%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year.
During the same quarter last year, the company earned $0.16 EPS. Sell-side analysts expect that Tronox will post 0.
44 earnings per share for the current fiscal year. Tronox Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, August 26th were given a dividend of $0.
125 per share. The ex-dividend date was Monday, August 26th. This represents a $0.
50 dividend on an annualized basis and a dividend yield of 3.42%. Tronox’s dividend payout ratio is presently -22.
42%. Institutional Inflows and Outflows A number of institutional investors have recently made changes to their positions in TROX. Capital World Investors purchased a new stake in Tronox during the 1st quarter worth about $19,152,000.
Capital International Investors lifted its holdings in Tronox by 2.7% during the 1st quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock worth $82,536,000 after purchasing an additional 126,926 shares in the last quarter.
Bridgeway Capital Management LLC lifted its holdings in Tronox by 29.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,234,263 shares of the company’s stock worth $17,477,000 after purchasing an additional 281,110 shares in the last quarter.
Boston Partners lifted its holdings in Tronox by 160.2% during the 1st quarter. Boston Partners now owns 1,018,025 shares of the company’s stock worth $17,664,000 after purchasing an additional 626,744 shares in the last quarter.
Finally, Nomura Holdings Inc. purchased a new stake in Tronox during the 4th quarter worth about $338,000. Hedge funds and other institutional investors own 73.
36% of the company’s stock. Tronox Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Tronox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tronox and related companies with MarketBeat.com's FREE daily email newsletter .
.
