Tronox Holdings plc Announces Quarterly Dividend of $0.13 (NYSE:TROX)

Tronox Holdings plc (NYSE:TROX) announced a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.125 per share on Friday, December 13th. This represents a $0.50 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Friday, November 8th.

Tronox has raised its dividend payment by an average of 21.3% per year over the last three years. Tronox has a payout ratio of 49.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tronox to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 63.3%.

Tronox Stock Performance

Shares of TROX stock opened at $12.65 on Thursday. The company has a fifty day moving average price of $13.23 and a two-hundred day moving average price of $15.66. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The stock has a market cap of $2.00 billion, a P/E ratio of -26.35 and a beta of 1.66. Tronox has a one year low of $10.76 and a one year high of $20.70.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.30). Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The business had revenue of $804.00 million during the quarter, compared to analyst estimates of $790.63 million. During the same quarter last year, the firm earned ($0.08) EPS. Tronox’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, equities analysts predict that Tronox will post -0.04 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on TROX. BMO Capital Markets dropped their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group dropped their price objective on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 19th. Barclays decreased their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and lifted their price target for the company from $17.00 to $19.00 in a report on Thursday, October 10th. Finally, StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

About Tronox

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.