Tronox Holdings PLC (TROX) To Go Ex-Dividend on August 10th

Tronox Holdings PLC (NYSE:TROX) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 10th will be paid a dividend of 0.05 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, August 10th.

Tronox has raised its dividend by an average of 0.0%annually over the last three years. Tronox has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tronox to earn ($0.21) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -95.2%.

Tronox Price Performance

Shares of TROX opened at $6.22 on Friday. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $10.59. The firm’s 50 day moving average price is $6.89 and its 200 day moving average price is $7.55. The company has a market cap of $993.04 million, a P/E ratio of -2.13 and a beta of 0.80. The company has a quick ratio of 0.66, a current ratio of 2.42 and a debt-to-equity ratio of 2.36.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). The business had revenue of $760.00 million for the quarter, compared to analyst estimates of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.Tronox’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.15) earnings per share. On average, research analysts forecast that Tronox will post -1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TROX shares. UBS Group increased their price objective on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on Tronox in a report on Wednesday, May 20th. Truist Financial raised Tronox from a “sell” rating to a “hold” rating and set a $7.00 price target on the stock in a research report on Thursday, June 11th. The Goldman Sachs Group decreased their price objective on Tronox from $9.00 to $6.50 and set a “sell” rating for the company in a research note on Wednesday, July 22nd. Finally, Wall Street Zen downgraded Tronox from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $6.79.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO?) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO?, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO?, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.