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

Tronox Holdings plc (NYSE:TROX) announced a quarterly dividend on Wednesday, August 14th, Wall Street Journal reports. Stockholders of record on Monday, August 26th will be paid a dividend of 0.125 per share on Friday, September 27th. This represents a $0.50 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Monday, August 26th.

Tronox has increased its dividend by an average of 21.3% annually over the last three years. Tronox has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tronox to earn $1.31 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 38.2%.

Tronox Price Performance

Tronox stock traded up $0.16 during midday trading on Wednesday, reaching $13.43. 604,444 shares of the company were exchanged, compared to its average volume of 1,161,074. The firm’s 50-day simple moving average is $16.48 and its 200-day simple moving average is $16.61. Tronox has a 1 year low of $10.08 and a 1 year high of $20.70. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -5.95, a P/E/G ratio of 20.56 and a beta of 1.70. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.08 and a current ratio of 2.98.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). The firm had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. On average, analysts anticipate that Tronox will post 0.51 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on TROX. UBS Group cut their price target on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Mizuho assumed coverage on Tronox in a research note on Friday, June 7th. They issued a “neutral” rating and a $22.00 target price for the company. The Goldman Sachs Group raised their price target on Tronox from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, BMO Capital Markets increased their target price on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.33.

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.