Tronox Holdings plc (TROX), a global leader in the production and marketing of titanium dioxide pigments, saw its share price touch a 52-week low of US$9.47. According to InvestPro According to the data, the company maintains a notable dividend yield of 5.27% and has maintained dividend payments for 13 consecutive years, while maintaining healthy liquidity with a current ratio of 2.72. This slowdown reflects a significant decline compared to better performing periods, with the company’s shares experiencing a year-over-year change of -27.15%. Investors are closely watching Tronox’s performance as the company faces market headwinds, including fluctuating demand in key sectors and potential global economic pressures. The 52-week low marks a critical juncture for Tronox as market participants consider the company’s strategic moves to bounce back from this difficult period. Analyst targets suggest significant upside potential, with price targets ranging from US$12 to US$19. For full analysis and additional information, access the full Pro Research report available at InvestPro.
Separately, TRONOX (NYSE:), a global chemical company, reported mixed results for the third quarter. The company’s revenue increased to $804 million, up 21% from the previous year, despite a drop in demand, particularly in Europe and Asia-Pacific. However, adjusted EBITDA was slightly lower than expected, reaching $143 million, and a net loss of $25 million was recorded, as well as an adjusted diluted loss per share of $0.13.
Goldman Sachs maintained its Buy rating on TRONOX, keeping the stock’s price target stable. This follows TRONOX’s adjusted EBITDA in the third quarter, which fell short of both the Bloomberg consensus and the company’s own forecasts. This underperformance was attributed to lower-than-expected titanium dioxide volumes and a shortfall in Zircon sales.
Looking ahead, TRONOX management set a midpoint EBITDA guidance for the fourth quarter at $124 million, below the Bloomberg consensus. The company expects titanium dioxide volumes to decline 10-15% in the fourth quarter, while zircon demand is expected to remain stable. These are the recent developments at TRONOX.
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