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

Tronox Holdings plc (NYSE:TROX) announced a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Friday, November 8th.

Tronox has increased its dividend by an average of 21.3% annually over the last three years. Tronox has a payout ratio of 49.5% meaning its dividend is sufficiently covered by earnings. 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 Up 4.2 %

NYSE:TROX opened at $12.65 on Thursday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -26.35 and a beta of 1.66. 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 50-day moving average price of $13.23 and a two-hundred day moving average price of $15.66. Tronox has a 1 year low of $10.76 and a 1 year high of $20.70.

Tronox (NYSE:TROX) last posted its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $790.63 million. During the same period in the previous year, the company posted ($0.08) earnings per share. Tronox’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, equities analysts expect that Tronox will post -0.04 earnings per share for the current year.

Analyst Ratings Changes

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

Tronox Company Profile

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.