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.

ILLEGAL ACTIVITY WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/10/15/analysts-issue-forecasts-for-kronos-worldwide-incs-q3-2017-earnings-kro.html.

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.

Receive News & Stock Ratings for Kronos Worldwide Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide Inc and related stocks with our FREE daily email newsletter.