Analysts Issue Forecasts for Kronos Worldwide Inc’s Q3 2017 Earnings (KRO)
Kronos Worldwide Inc (NYSE:KRO) – SunTrust Banks boosted their Q3 2017 earnings estimates for shares of Kronos Worldwide in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst J. Sheehan now forecasts that the specialty chemicals company will post earnings per share of $0.45 for the quarter, up from their previous forecast of $0.42. SunTrust Banks currently has a “Hold” rating and a $24.00 target price on the stock. SunTrust Banks also issued estimates for Kronos Worldwide’s Q4 2017 earnings at $0.42 EPS and FY2017 earnings at $1.51 EPS.
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A number of other brokerages have also recently commented on KRO. ValuEngine cut shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research cut shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC boosted their price objective on shares of Kronos Worldwide from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.67.
Shares of Kronos Worldwide (KRO) opened at 25.26 on Friday. Kronos Worldwide has a one year low of $7.27 and a one year high of $25.31. The stock has a market capitalization of $2.93 billion, a P/E ratio of 10.50 and a beta of 2.17. The company’s 50-day moving average is $22.47 and its 200-day moving average is $19.46.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Tuesday, September 5th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.60 annualized dividend and a yield of 2.38%. Kronos Worldwide’s dividend payout ratio is currently 24.90%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Laurion Capital Management LP acquired a new position in Kronos Worldwide in the 1st quarter valued at $166,000. Strs Ohio acquired a new position in Kronos Worldwide in the 2nd quarter valued at $198,000. Zacks Investment Management acquired a new position in Kronos Worldwide in the 2nd quarter valued at $207,000. Stephens Inc. AR acquired a new position in Kronos Worldwide in the 2nd quarter valued at $228,000. Finally, American International Group Inc. increased its stake in Kronos Worldwide by 7.1% in the 1st quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock valued at $223,000 after buying an additional 894 shares during the period. 15.41% of the stock is currently owned by institutional investors.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc (Kronos) 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 with sales in Europe and North America.
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