Tronox Holdings plc (NYSE: TROX) has reported a loss for its first fiscal quarter (ending March 31) of $-0.06 versus $0.15 for the same period a year ago — a decline of -140%. This result fell short of the consensus estimate of $0.33 by $-0.39. For the latest four quarters through March 31, E.P.S. were $-2.23 versus $3.24 for the same period a year ago — a decline of -169%.
Recent Price Action
Tronox Holdings plc (NYSE: TROX) stock closed at $17.09 on 5/1/24 after a modest gain of 0.6%. Moreover, above average trading volume at 127% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TROX is expected to continue to be an important Value Builder.
Tronox Holdings plc has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Tronox Holdings plc has a neutral Appreciation Score of 49 but a good Power Rating of 74, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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