Tronox (TROX) Expected to Announce Earnings on Wednesday

Tronox (NYSE:TROX) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $690.94 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Tronox Price Performance

NYSE TROX opened at $9.75 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The firm’s fifty day moving average price is $10.26 and its two-hundred day moving average price is $12.14. Tronox has a 1 year low of $8.73 and a 1 year high of $20.70.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays cut their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Morgan Stanley reduced their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Truist Financial assumed coverage on Tronox in a research note on Tuesday, January 28th. They issued a “buy” rating and a $17.00 price target on the stock. BMO Capital Markets reduced their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Tronox currently has an average rating of “Moderate Buy” and a consensus target price of $16.57.

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.