As of close of business last night, Tronox Holdings plc’s stock clocked out at $16.39, up 2.50% from its previous closing price of $15.99. In other words, the price has increased by $+0.40 from its previous closing price. On the day, 1166222 shares were traded.
Ratios:
To gain a deeper understanding of TROX’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 06 ’24 when Turgeon Jean Francois sold 51,996 shares for $14.95 per share. The transaction valued at 777,085 led to the insider holds 735,647 shares of the business.
Romano John D sold 42,768 shares of TROX for $639,168 on Mar 06 ’24. The Co-CEO and Director now owns 942,171 shares after completing the transaction at $14.95 per share. On Mar 06 ’24, another insider, Neuman Jeffrey N, who serves as the SVP, General Counsel & Sec. of the company, sold 23,500 shares for $14.95 each. As a result, the insider received 351,250 and left with 260,212 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TROX now has a Market Capitalization of 2.57B and an Enterprise Value of 5.25B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at 1.84 whereas that against EBITDA is 11.09.
Stock Price History:
Over the past 52 weeks, TROX has reached a high of $16.25, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is 14.02, while the 200-Day Moving Average is calculated to be 13.04.
Shares Statistics:
It appears that TROX traded 1.18M shares on average per day over the past three months and 1.17M shares per day over the past ten days. A total of 156.79M shares are outstanding, with a floating share count of 115.82M. Insiders hold about 26.13% of the company’s shares, while institutions hold 73.70% stake in the company. Shares short for TROX as of Feb 29, 2024 were 7.11M with a Short Ratio of 6.04, compared to 7.46M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.54% and a Short% of Float of 7.43%.
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 3.13%, it implies a Forward Annual Dividend Yield of 3.05%. 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
As of right now, 8 analysts gave their recommendation on the stock of the company. 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
In the current quarter, 6 analysts expect revenue to total $736.91M. 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.
