Tronox (TROX) Projected to Post Quarterly Earnings on Wednesday

Tronox (NYSE:TROX) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect Tronox to post earnings of $0.06 per share and revenue of $690.94 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Tronox Stock Down 1.6 %

Tronox stock opened at $9.75 on Tuesday. Tronox has a 1 year low of $8.73 and a 1 year high of $20.70. The business has a 50-day moving average of $10.26 and a 200-day moving average of $12.14. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72.

Analyst Upgrades and Downgrades

TROX has been the topic of several analyst reports. Barclays cut 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. Morgan Stanley dropped their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Truist Financial began coverage on Tronox in a research note on Tuesday, January 28th. They issued a “buy” rating and a $17.00 target price for the company. The Goldman Sachs Group cut their price objective on Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, BMO Capital Markets decreased their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Tronox currently has a consensus 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.