Tronox (OTCMKTS:TROX) will release its earnings data before the market opens on Tuesday, May 1st. Analysts expect Tronox to post earnings of $0.17 per share for the quarter.
Tronox (OTCMKTS:TROX) last released its quarterly earnings data on Thursday, March 1st. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $464.00 million during the quarter, compared to analysts’ expectations of $428.22 million. During the same quarter in the previous year, the company posted ($0.14) EPS. The company’s revenue was up 31.8% compared to the same quarter last year.
TROX opened at $19.84 on Tuesday. Tronox has a one year low of $12.88 and a one year high of $28.40.
A number of brokerages recently issued reports on TROX. Zacks Investment Research raised Tronox from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, April 17th. BMO Capital Markets began coverage on Tronox in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $24.00 target price for the company. Barclays upped their target price on Tronox to $26.00 and gave the company an “overweight” rating in a research report on Monday, March 12th. UBS decreased their target price on Tronox from $19.00 to $18.00 and set a “sell” rating for the company in a research report on Friday, March 2nd. Finally, Wells Fargo began coverage on Tronox in a research report on Wednesday, February 7th. They issued an “outperform” rating and a $28.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Tronox presently has an average rating of “Buy” and a consensus price target of $24.50.
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Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
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