Zacks: Tronox (TROX) Given $24.71 Consensus Price Target by Brokerages

Shares of Tronox (NYSE:TROX) have earned a consensus broker rating score of 1.86 (Buy) from the seven brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has issued a hold recommendation and five have issued a strong buy recommendation on the company. Tronox’s rating score has improved by 7% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus price target of $24.71 for the company and are predicting that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also given Tronox an industry rank of 153 out of 265 based on the ratings given to its competitors.

A number of research analysts recently commented on TROX shares. ValuEngine upgraded Tronox from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Barclays restated an “overweight” rating on shares of Tronox in a research note on Monday, March 12th. Finally, BMO Capital Markets started coverage on Tronox in a research note on Wednesday, March 28th. They set an “outperform” rating and a $24.00 price objective for the company.

Shares of Tronox opened at $17.43 on Friday, according to MarketBeat Ratings. The firm has a market cap of $2.10 billion, a P/E ratio of 57.80, a P/E/G ratio of 2.46 and a beta of 3.21. The company has a quick ratio of 6.22, a current ratio of 8.20 and a debt-to-equity ratio of 3.02. Tronox has a 12 month low of $17.10 and a 12 month high of $17.64.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, March 1st. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. The firm had revenue of $464.00 million during the quarter, compared to the consensus estimate of $429.49 million. Tronox had a positive return on equity of 3.68% and a negative net margin of 14.67%. equities analysts forecast that Tronox will post 0.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 21st will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, May 18th. This represents a $0.18 dividend on an annualized basis and a yield of 1.03%. Tronox’s payout ratio is currently -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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