Kronos Worldwide Inc (NYSE:KRO) – Investment analysts at SunTrust Banks lifted their FY2017 earnings per share estimates for shares of Kronos Worldwide in a research report issued on Wednesday. SunTrust Banks analyst J. Sheehan now forecasts that the specialty chemicals company will post earnings per share of $1.63 for the year, up from their previous forecast of $1.61. 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 $0.49 EPS and FY2018 earnings at $2.30 EPS.

Other analysts have also recently issued research reports about the company. ValuEngine upgraded Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research cut Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Barclays boosted their target price on Kronos Worldwide from $17.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, November 14th. 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 stock has an average rating of “Hold” and a consensus target price of $24.00.

Shares of Kronos Worldwide (KRO) opened at $25.19 on Friday. The company has a quick ratio of 2.86, a current ratio of 4.26 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2,933.48, a PE ratio of 17.34, a price-to-earnings-growth ratio of 3.11 and a beta of 2.18. Kronos Worldwide has a fifty-two week low of $11.12 and a fifty-two week high of $29.49.

Kronos Worldwide (NYSE:KRO) last announced its earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.21. The firm had revenue of $464.50 million during the quarter, compared to the consensus estimate of $448.00 million. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, December 5th. Kronos Worldwide’s payout ratio is 20.98%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Kronos Worldwide by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,624,570 shares of the specialty chemicals company’s stock worth $26,691,000 after buying an additional 50,903 shares during the period. Geode Capital Management LLC increased its position in Kronos Worldwide by 5.5% in the first quarter. Geode Capital Management LLC now owns 169,827 shares of the specialty chemicals company’s stock worth $2,790,000 after buying an additional 8,786 shares during the period. Morgan Stanley increased its position in Kronos Worldwide by 1.3% in the first quarter. Morgan Stanley now owns 204,942 shares of the specialty chemicals company’s stock worth $3,367,000 after buying an additional 2,650 shares during the period. Schwab Charles Investment Management Inc. increased its position in Kronos Worldwide by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 87,535 shares of the specialty chemicals company’s stock worth $1,439,000 after buying an additional 4,617 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in Kronos Worldwide in the second quarter worth $2,133,000. 16.18% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for Kronos Worldwide (NYSE:KRO)

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