Kronos Worldwide Inc. (KRO) Upgraded by Zacks Investment Research to Buy
According to Zacks, “KRONOS WORLDWIDE, INC. is a global producer and marketer of value-added titanium dioxide pigments. The Company along with its distributors and agents, sells and provides technical services for its products to over 4,000 customers in approximately 100 countries with the majority of sales in Europe and North America. “
Separately, TheStreet raised shares of Kronos Worldwide from a sell rating to a hold rating in a report on Tuesday, August 30th.
Kronos Worldwide (NYSE:KRO) traded down 0.24% during midday trading on Wednesday, hitting $8.39. 18,886 shares of the stock were exchanged. Kronos Worldwide has a 1-year low of $3.94 and a 1-year high of $9.21. The firm’s market capitalization is $972.35 million. The firm’s 50-day moving average price is $8.09 and its 200 day moving average price is $6.42.
Kronos Worldwide (NYSE:KRO) last issued its earnings results on Friday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.02. The firm earned $356.10 million during the quarter, compared to analysts’ expectations of $334 million. Kronos Worldwide had a negative return on equity of 5.63% and a negative net margin of 2.64%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm posted ($1.38) earnings per share. Analysts expect that Kronos Worldwide will post $0.13 earnings per share for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.60 annualized dividend and a yield of 7.13%. Kronos Worldwide’s dividend payout ratio (DPR) is -199.99%.
Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. raised its stake in shares of 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 period. Teachers Advisors Inc. raised its stake in shares of 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 period. Alliancebernstein L.P. raised its stake in shares of 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 period. Engineers Gate Manager LP acquired a new stake in shares of Kronos Worldwide during the second quarter valued at about $180,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of 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 period. Institutional investors own 13.50% of the company’s stock.
Kronos Worldwide Company Profile
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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