Tronox Ltd (TROX) Expected to Post Quarterly Sales of $449.51 Million

Brokerages expect Tronox Ltd (NYSE:TROX) to announce sales of $449.51 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Tronox’s earnings, with the highest sales estimate coming in at $464.00 million and the lowest estimate coming in at $435.01 million. Tronox reported sales of $435.00 million during the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 5th.

On average, analysts expect that Tronox will report full year sales of $1.85 billion for the current fiscal year, with estimates ranging from $1.81 billion to $1.89 billion. For the next financial year, analysts expect that the business will report sales of $1.85 billion, with estimates ranging from $1.80 billion to $1.90 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Tronox.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.06. Tronox had a positive return on equity of 6.75% and a negative net margin of 13.91%. The company had revenue of $492.00 million during the quarter, compared to the consensus estimate of $506.10 million.

A number of equities research analysts have recently weighed in on TROX shares. BMO Capital Markets cut their price target on Tronox from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. Morgan Stanley cut their price target on Tronox from $21.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 25th. ValuEngine downgraded Tronox from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Barclays cut their price target on Tronox from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Monday, August 6th. Finally, SunTrust Banks initiated coverage on Tronox in a research note on Tuesday, July 31st. They set a “buy” rating and a $24.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.00.

Shares of TROX traded up $0.07 during midday trading on Tuesday, reaching $11.17. 412,331 shares of the stock were exchanged, compared to its average volume of 1,574,586. Tronox has a 12-month low of $10.75 and a 12-month high of $28.40. The company has a debt-to-equity ratio of 3.51, a current ratio of 7.78 and a quick ratio of 6.43. The company has a market capitalization of $1.39 billion, a PE ratio of -41.37 and a beta of 3.12.

About Tronox

Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.

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