Preview Of Tronox Holdings plc ($TROX) 3Q20 Earnings

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Tronox Holdings plc (NYSE:TROX) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, TROX to report 3Q20 income of $ 0.05 per share.

For the full year, analysts anticipate top line of $ 2557.62 million, while looking forward to income of $ 0.43 per share bottom line.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 3,000.00 million ~ $ 3,300.00 million, where as bottomline are predicted in a range of $ 0.55 ~ $ 1.10 per share

Click Here For More Historical Outlooks Of Tronox Holdings plc

Previous Quarter Performance

Tronox Holdings plc outlined income for the second quarter of $ 0.03 per share, from the revenue of $ 578.00 million. According to street consensus, TROX was expected to report 2Q20 loss of $ 0.01 per share from revenue of $ 593.71 million. The bottom line results beat street analysts by $ 0.04 or 400.00 percent, at the same time, top line results fell short of analysts by $ 15.71 million or 2.65 percent.

Stock Performance

Shares of Tronox Holdings plc traded low $ -0.03 or -0.33 percent on Tuesday, reaching $ 9.12 with volume of 372.50 thousand shares. Tronox Holdings plc has traded high as $ 9.25 and has cracked $ 9.06 on the downward trend

According to the previous trading day, closing price of $ 9.12, representing a 130.48 % increase from the 52 week low of $ 3.97 and a 26.21 % decrease over the 52 week high of $ 12.40.

The company has a market capital of $ 1.31 billion and is part of the Basic Materials sector and Chemicals industry.

Recent Stock Dividend Announcement

The board of directors has authorized quarterly dividend of $ 0.07 per share on August 7, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 18, 2020 and ex-dividend date on August 17, 2020.

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products. The company is based in Stamford, Connecticut.