|Bid||11.90 x 900|
|Ask||0.00 x 4000|
|Day's range||12.20 - 12.57|
|52-week range||10.75 - 28.40|
|Beta (3Y Monthly)||3.35|
|PE ratio (TTM)||N/A|
|Earnings date||5 Nov 2018|
|Forward dividend & yield||0.18 (1.45%)|
|1y target est||19.22|
Tronox (TROX) continued its declining trend and tanked 12.2% in August, underperforming the S&P 500 (SPY). Its peers Chemours (CC) and Venator Materials (VNTR) fell 4.8% and 17.4%, respectively, while W.R. Grace (GRA) rose 4.9%.
Venator Materials (VNTR) stock fell a massive ~17.4% in August, underperforming the S&P 500 (SPY). Among its peers, Chemours (CC), Tronox (TROX), and Kronos Worldwide (KRO) declined 4.8%, 12.2%, and 10.7%, respectively.
(Continued from Prior Part)Tronox’s quarterly dividend On August 15, Tronox (TROX) announced its latest quarterly dividend of $0.045 per share. The dividend will be paid on the company’s outstanding class A and class B ordinary shares. Tronox set the record date as August 27. Investors holding shares as of the record date are eligible for the dividend. The dividends are expected to be paid on September 7. At the end of the second quarter, including class A and class B shares, the total number of outstanding shares stood at ~122.9 million. ...
Tronox (TROX) delivered earnings and revenue surprises of 24.00% and -2.79%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Kwinana Beach, Australia-based company said it had net income of 29 cents. Earnings, adjusted for one-time gains and costs, were 31 cents per share. The results surpassed Wall ...
On July 10, the FTC (Federal Trade Commission) filed a lawsuit against Tronox (TROX) in the U.S. District Court in Washington, D.C., alleging that its acquisition of Cristal would significantly reduce competition in the North American market for titanium dioxide. It came after Tronox received conditional approval from the European Commission (or EC) for the Cristal acquisition.
The European Commission on Wednesday cleared U.S. chemical group Tronox to buy Saudi Arabia's Cristal, on the condition that it sells its global business in titanium dioxide pigment for paper laminate. The Commission had investigated the market of titanium dioxide pigment, which is used in the production of products such plastics or paper, and found that the companies needed to divest a business to get approval. "Tronox and Cristal are two of the four major players in this market but we can approve their merger because the companies offered a suitable remedy that fully addresses our competition concerns," the Commission, which oversees mergers in the European Union, said.
So far this year, Chemours (CC) stock has been muted and has failed to repeat its 2017 performance. Year-to-date, CC has risen 1.2%, outperforming peers Tronox (TROX), Kronos Worldwide (KRO), and RPM International (RPM), which have fallen 1.9%, 11.0%, and 1.7%, respectively.
Chemours to Raise Its Debt: Good or Bad? As of May 15, Chemours’s (CC) short interest had fallen to its lowest this year, to 1.7% of outstanding shares from 2.9% at the beginning of the year. Chemours posted staggering first-quarter EPS of $1.41, marking a 101% YoY (year-over-year) increase.
Chemours to Raise Its Debt: Good or Bad? Chemours’s (CC) interest expense has remained steady for the past two years. In 2016, CC incurred an interest expense of $213 million, and in 2017, it was $215 million.
It is now on its way to adding 450 million euros in 4% senior notes due 2026 through a public offering. This offer is managed jointly by Citigroup Global Markets, Deutsche Bank Securities, Merrill Lynch, HSBC Securities, and many others, and the debt includes long-term debt and current maturities. The proceeds from the offer are expected to be ~$557.5 million based on the exchange rate stated in the company’s SEC (Securities and Exchange Commission) filing.
On a per-share basis, the Kwinana Beach, Australia-based company said it had a loss of 36 cents. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, came to 1 cent ...
Strategic Developments: - Obtaining European Commission's conditional clearance of Cristal acquisition now only dependent on finalizing agreement on proposed remedy to address their remaining objection; ...
STAMFORD, Conn., May 9, 2018 /PRNewswire/ -- Tronox Limited (NYSE: TROX) ("Tronox" or the "Company"), a global mining and inorganic chemicals company, today announced it has entered into an Option Agreement with Advanced Metal Industries Cluster Company Limited ("AMIC") to acquire 90 percent of AMIC's ownership in a titanium slag smelter facility (the "Slagger") located in The Jazan City for Primary and Downstream Industries in the Kingdom of Saudi Arabia. The execution of the Option Agreement occurred shortly after Tronox and AMIC entered into a Technical Services Agreement to provide certain technical assistance to AMIC to facilitate start-up of the Slagger.
STAMFORD, Conn. , April 16, 2018 /PRNewswire/ -- Tronox Limited (NYSE: TROX) announced today the following schedule for its first quarter 2018 earnings release and webcast conference call: Earnings Release: ...
STAMFORD, Conn., April 9, 2018 /PRNewswire/ -- Tronox Limited (NYSE: TROX) ("Tronox" or the "Company"), a global mining and inorganic chemicals company, today announced it has appointed Ginger M. Jones as a new Class A Director of the Company. "Ginger's experience, particularly her successes within global manufacturing companies, makes her a valuable addition to our board as we continue to navigate through opportunities for growth and expansion," said Ilan Kaufthal, non-executive chairman of the board of directors for Tronox.
STAMFORD, Conn., April 6, 2018 /PRNewswire/ -- Tronox Limited (TROX) ("Tronox" or the "Company"), today announced that it completed its offering by its wholly owned subsidiary, Tronox Incorporated, of 6.500% senior notes due 2026 for an aggregate principal amount of $615,000,000, the net proceeds of which will fund the redemption of the approximately $584 million aggregate principal amount of 7.500% senior notes due 2022 issued by Tronox Finance LLC (the "2022 Notes"). The 2022 Notes were issued in a private placement offering, and the optional redemption will occur in accordance with the provisions of the indenture, dated as of March 19, 2015, issued by Evolution Escrow Issuer LLC, and subsequently assumed by Tronox Finance LLC upon the merger of Evolution Escrow Issuer with and into Tronox Finance LLC and among the Company and other guarantors named therein and Wilmington Trust, National Association, as trustee, as supplemented from time to time.