Shares of Kronos Worldwide Inc. (NYSE:KRO) have received an average broker rating score of 3.50 (Sell) from the four brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and three have assigned a hold rating to the company.
Brokers have set a 1 year consensus price objective of $7.42 for the company and are expecting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Kronos Worldwide an industry rank of 91 out of 265 based on the ratings given to its competitors.
A number of research firms have recently weighed in on KRO. Zacks Investment Research lowered Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. TheStreet raised Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th.
Shares of Kronos Worldwide (NYSE:KRO) opened at 8.16 on Friday. The company’s market capitalization is $945.70 million. The stock’s 50 day moving average price is $8.05 and its 200-day moving average price is $6.41. Kronos Worldwide has a 52-week low of $3.94 and a 52-week high of $9.21.
Kronos Worldwide (NYSE:KRO) last posted its earnings results on Friday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.02. Kronos Worldwide had a negative net margin of 2.64% and a negative return on equity of 5.63%. The company earned $356.10 million during the quarter, compared to the consensus estimate of $334 million. During the same quarter in the prior year, the business earned ($1.38) EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts expect that Kronos Worldwide will post $0.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, September 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date was Thursday, September 1st. Kronos Worldwide’s payout ratio is -199.99%.
Hedge funds have recently modified their holdings of the stock. BlackRock Group LTD increased its stake in shares of Kronos Worldwide by 24.8% in the first quarter. BlackRock Group LTD now owns 21,590 shares of the company’s stock worth $123,000 after buying an additional 4,286 shares during the last quarter. Kempen Capital Management N.V. increased its stake in shares of Kronos Worldwide by 82.8% in the first quarter. Kempen Capital Management N.V. now owns 104,492 shares of the company’s stock worth $598,000 after buying an additional 47,323 shares during the last quarter. Zebra Capital Management LLC increased its stake in shares of Kronos Worldwide by 6.5% in the first quarter. Zebra Capital Management LLC now owns 127,709 shares of the company’s stock worth $730,000 after buying an additional 7,762 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Kronos Worldwide by 3.5% in the first quarter. Geode Capital Management LLC now owns 155,593 shares of the company’s stock worth $889,000 after buying an additional 5,229 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Kronos Worldwide during the first quarter worth approximately $1,452,000. 13.50% of the stock is owned by institutional investors.
About Kronos Worldwide
Kronos Worldwide, Inc is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products in approximately 100 countries with sales in Europe and North America.
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