Tronox (NYSE:TROX) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Tronox (NYSE:TROX - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03), Zacks reports. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. Tronox updated its FY 2025 guidance to EPS.

Tronox Trading Down 10.8 %

TROX stock traded down $0.95 during midday trading on Friday, hitting $7.81. 3,548,957 shares of the company's stock were exchanged, compared to its average volume of 1,091,989. Tronox has a 1-year low of $7.72 and a 1-year high of $20.70. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $1.23 billion, a PE ratio of -16.26 and a beta of 1.60. The business has a 50-day simple moving average of $10.04 and a two-hundred day simple moving average of $11.94.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TROX shares. BMO Capital Markets decreased their price target on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 29th. 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 research note on Monday, October 28th. UBS Group dropped their price target on Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday. Morgan Stanley reduced their price objective on Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group dropped their target price on Tronox from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Tronox currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

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.