Somewhat Favorable News Coverage Somewhat Unlikely to Impact Kronos Worldwide (KRO) Stock Price
News articles about Kronos Worldwide (NYSE:KRO) have trended somewhat positive on Thursday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kronos Worldwide earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the specialty chemicals company an impact score of 47.0124361904049 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Kronos Worldwide (NYSE:KRO) traded up $0.84 during trading on Thursday, reaching $27.39. The company’s stock had a trading volume of 505,101 shares, compared to its average volume of 485,640. The company has a quick ratio of 2.86, a current ratio of 4.26 and a debt-to-equity ratio of 0.66. Kronos Worldwide has a twelve month low of $11.12 and a twelve month high of $27.92. The company has a market capitalization of $3,160.00, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 3.32 and a beta of 2.16.
Kronos Worldwide (NYSE:KRO) last released its earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.21. Kronos Worldwide had a return on equity of 31.38% and a net margin of 20.52%. The business had revenue of $464.50 million for the quarter, compared to the consensus estimate of $448.00 million. During the same period in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. equities analysts expect that Kronos Worldwide will post 1.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Tuesday, December 5th. Kronos Worldwide’s payout ratio is currently 21.05%.
KRO has been the topic of several research reports. BidaskClub lowered Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Friday, July 28th. Barclays PLC boosted their target price on Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. ValuEngine raised Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, SunTrust Banks, Inc. boosted their target price on Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $24.00.
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About Kronos Worldwide
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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