UBS Maintains a 'Buy' on TRONOX (TROX); Raising Estimates on Tax Guidance
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Price: $22.14 +0.45%
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade TROX Now!
UBS maintains a 'Buy' on TRONOX (NYSE: TROX) price target of $31.00 (from $29.00).
Analyst, Gregg A. Goodnight, said, "Company reports 2Q EBITDA of $146 million, ahead of pre-release...Tronox maintains pro-forma EBITDA guidance of $875M to $962M in 2012...We are raising our EPS estimates for 2012/2013/2014 from to $2.80/$3.60/$4.55 from $2.22/$2.94/$3.56 to reflect the company’s recent tax guidance given during the 2Q call. Our prior assumption had been for a 30% book tax rate and a 20% cash tax rate with an average rate of 26% in 2012."
FY12 EPS estimate raised from $2.22 to $2.80 and FY13 from $2.94 to $3.60.
For an analyst ratings summary and ratings history on TRONOX click here. For more ratings news on TRONOX click here.
Shares of TRONOX closed at $24.04 yesterday, with a 52 week range of $22.74-$190.00.
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Analyst, Gregg A. Goodnight, said, "Company reports 2Q EBITDA of $146 million, ahead of pre-release...Tronox maintains pro-forma EBITDA guidance of $875M to $962M in 2012...We are raising our EPS estimates for 2012/2013/2014 from to $2.80/$3.60/$4.55 from $2.22/$2.94/$3.56 to reflect the company’s recent tax guidance given during the 2Q call. Our prior assumption had been for a 30% book tax rate and a 20% cash tax rate with an average rate of 26% in 2012."
FY12 EPS estimate raised from $2.22 to $2.80 and FY13 from $2.94 to $3.60.
For an analyst ratings summary and ratings history on TRONOX click here. For more ratings news on TRONOX click here.
Shares of TRONOX closed at $24.04 yesterday, with a 52 week range of $22.74-$190.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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