The closing price of Tronox Holdings plc (NYSE: TROX) was $14.70 for the day, up 2.15% from the previous closing price of $14.39. In other words, the price has increased by $+0.31 from its previous closing price. On the day, 1241686 shares were traded.
Ratios:
Our analysis of TROX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 2.84. In the meantime, Its Debt-to-Equity ratio is 1.52 whereas as Long-Term Debt/Eq ratio is at 1.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on December 18, 2023, Upgraded its rating to Outperform and sets its target price to $18 from $11 previously.
On October 27, 2023, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $16 to $11.
UBS Downgraded its Buy to Neutral on September 07, 2023, whereas the target price for the stock was revised from $17 to $15.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 31 when Guthrie Vanessa Ann sold 2,395 shares for $13.66 per share. The transaction valued at 32,716 led to the insider holds 41,324 shares of the business.
Guthrie Vanessa Ann sold 54 shares of TROX for $803 on Jul 26. The Director now owns 43,719 shares after completing the transaction at $14.87 per share. On Mar 08, another insider, Guthrie Vanessa Ann, who serves as the Director of the company, sold 46 shares for $15.48 each. As a result, the insider received 712 and left with 33,734 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 1.73 whereas that against EBITDA is 10.43.
Stock Price History:
Over the past 52 weeks, TROX has reached a high of $16.90, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is 13.75, while the 200-Day Moving Average is calculated to be 12.84.
Shares Statistics:
TROX traded an average of 1.14M shares per day over the past three months and 1.32M shares per day over the past ten days. A total of 156.79M shares are outstanding, with a floating share count of 115.93M. Insiders hold about 26.06% of the company’s shares, while institutions hold 73.70% stake in the company. Shares short for TROX as of Feb 15, 2024 were 6.53M with a Short Ratio of 5.75, compared to 6.18M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.16% and a Short% of Float of 6.82%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.50, TROX has a forward annual dividend rate of 0.50. Against a Trailing Annual Dividend Yield of 3.47%, it implies a Forward Annual Dividend Yield of 3.40%. The stock’s 5-year Average Dividend Yield is 2.60. The current Payout Ratio is 15.81% for TROX, which recently paid a dividend on Apr 05, 2024 with an ex-dividend date of Mar 01, 2024. Stock splits for the company last occurred on Jul 26, 2012 when the company split stock in a 5:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.05, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.17, with high estimates of $0.25 and low estimates of $0.05.
Analysts are recommending an EPS of between $1.15 and $0.35 for the fiscal current year, implying an average EPS of $0.72. EPS for the following year is $1.47, with 8 analysts recommending between $1.8 and $1.05.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $759.04M to a low estimate of $700M. As of the current estimate, Tronox Holdings plc’s year-ago sales were $687.22M, an estimated increase of 7.20% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $811.67M, a decrease of -1.20% less than the figure of $7.20% in the same quarter last year. There is a high estimate of $839.3M for the next quarter, whereas the lowest estimate is $764M.
A total of 8 analysts have provided revenue estimates for TROX’s current fiscal year. The highest revenue estimate was $3.27B, while the lowest revenue estimate was $2.93B, resulting in an average revenue estimate of $3.09B. In the same quarter a year ago, actual revenue was $2.85B, up 8.40% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $3.32B in the next fiscal year. The high estimate is $3.71B and the low estimate is $3.06B. The average revenue growth estimate for next year is up 7.60% from the average revenue estimate for this year.
