Shares of Kronos Worldwide Inc. (NYSE:KRO) have been given a consensus broker rating score of 3.50 (Sell) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation and three have issued a hold recommendation on the company.
Brokerages have set a 1-year consensus price target of $7.42 for the company and are expecting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned Kronos Worldwide an industry rank of 70 out of 265 based on the ratings given to related companies.
KRO has been the subject of a number of research analyst reports. Zacks Investment Research raised Kronos Worldwide from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, August 29th. 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 7.51 on Tuesday. The company’s 50 day moving average price is $8.22 and its 200 day moving average price is $6.61. The stock’s market capitalization is $870.36 million. 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 quarterly earnings data on Friday, August 5th. The company reported $0.01 earnings per share (EPS) 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 business had revenue of $356.10 million for the quarter, compared to analysts’ expectations of $334 million. During the same quarter in the previous year, the firm earned ($1.38) EPS. Kronos Worldwide’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Kronos Worldwide will post $0.13 EPS for the current year.
Large investors have recently modified their holdings of the stock. Sei Investments Co. raised its position in Kronos Worldwide by 159,575.0% in the second quarter. Sei Investments Co. now owns 19,161 shares of the company’s stock valued at $101,000 after buying an additional 19,149 shares during the last quarter. Teachers Advisors Inc. raised its position in Kronos Worldwide by 6.0% in the second quarter. Teachers Advisors Inc. now owns 31,997 shares of the company’s stock valued at $168,000 after buying an additional 1,800 shares during the last quarter. Alliancebernstein L.P. raised its position in Kronos Worldwide by 161.3% in the second quarter. Alliancebernstein L.P. now owns 32,400 shares of the company’s stock valued at $170,000 after buying an additional 20,000 shares during the last quarter. Engineers Gate Manager LP bought a new position in Kronos Worldwide during the second quarter valued at approximately $180,000. Finally, Parametric Portfolio Associates LLC raised its position in Kronos Worldwide by 6.5% in the second quarter. Parametric Portfolio Associates LLC now owns 35,624 shares of the company’s stock valued at $187,000 after buying an additional 2,172 shares during the last quarter. 13.50% of the stock is owned by institutional investors and hedge funds.
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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