Tronox Holdings plc (TROX), a global leader in the production and marketing of titanium dioxide pigment, has seen its stock price touch a 52-week low of $9.47 USD. According to InvestingPro data, the company maintains a notable 5.27% dividend yield and has sustained dividend payments for 13 consecutive years, while maintaining healthy liquidity with a current ratio of 2.72. This downturn reflects a significant retreat from better-performing times, with the company’s shares experiencing a 1-year change of -27.15%. Investors are closely monitoring Tronox’s performance as the company navigates through market headwinds, including fluctuating demand in key sectors and potential global economic pressures. The 52-week low serves as a critical juncture for Tronox, as market participants consider the company’s strategic moves to rebound from this challenging period. Analyst targets suggest significant upside potential, with price targets ranging from $12 to $19 USD. For comprehensive analysis and additional insights, access the full Pro Research Report available on InvestingPro.
In other recent news, TRONOX (NYSE:), a global chemical company, reported a mixed bag of third-quarter results. The company’s revenue increased to $804 million, marking a 21% rise from the previous year, despite a decline in demand, particularly in Europe and Asia Pacific. However, the adjusted EBITDA fell slightly short of expectations, landing at $143 million, and a net loss of $25 million was reported, along with an adjusted diluted loss per share of $0.13.
Goldman Sachs maintained its Buy rating on TRONOX, keeping the stock price target steady. This followed TRONOX’s third-quarter adjusted EBITDA, which fell short of both the Bloomberg consensus and the company’s own guidance. This underperformance was attributed to weaker-than-expected Titanium Dioxide volumes and a shortfall in Zircon sales.
Looking ahead, TRONOX’s management has set a fourth-quarter EBITDA guidance midpoint at $124 million, below the Bloomberg consensus. The company anticipates a decline of 10% to 15% in Titanium Dioxide volumes in the fourth quarter, while Zircon demand is expected to remain stable. These are the recent developments at TRONOX.
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