Zacks: Brokerages Anticipate Tronox Ltd (TROX) Will Announce Earnings of $0.09 Per Share

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Wall Street brokerages expect Tronox Ltd (NYSE:TROX) to announce earnings per share (EPS) of $0.09 for the current quarter, Zacks reports. Two analysts have provided estimates for Tronox’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.11. Tronox posted earnings of $0.12 per share during the same quarter last year, which would indicate a negative year over year growth rate of 25%. The firm is expected to announce its next quarterly earnings results on Thursday, March 7th.

On average, analysts expect that Tronox will report full year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.54 to $0.60. For the next year, analysts forecast that the company will post earnings of $0.38 per share, with EPS estimates ranging from $0.11 to $0.64. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Tronox.

Tronox (NYSE:TROX) last posted its earnings results on Monday, November 5th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The company had revenue of $456.00 million during the quarter, compared to analysts’ expectations of $449.51 million. Tronox had a negative net margin of 0.11% and a positive return on equity of 7.95%.

Several research firms have commented on TROX. ValuEngine lowered shares of Tronox from a “sell” rating to a “strong sell” rating in a research report on Monday, August 13th. Morgan Stanley lowered their price objective on shares of Tronox from $21.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.00.

TROX traded down $0.39 during trading on Friday, hitting $7.30. 3,513,286 shares of the company traded hands, compared to its average volume of 1,894,287. The stock has a market capitalization of $945.35 million, a price-to-earnings ratio of -27.04 and a beta of 2.97. Tronox has a 1 year low of $6.46 and a 1 year high of $22.15. The company has a debt-to-equity ratio of 3.58, a quick ratio of 6.15 and a current ratio of 7.53.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Monday, November 26th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, November 23rd. This represents a $0.18 annualized dividend and a yield of 2.47%. Tronox’s dividend payout ratio (DPR) is currently -66.67%.

About Tronox

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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