Kronos Worldwide, Inc. (NYSE:KRO) – Equities researchers at SunTrust Banks lowered their FY2018 earnings estimates for Kronos Worldwide in a report issued on Monday, November 12th. SunTrust Banks analyst J. Sheehan now forecasts that the specialty chemicals company will post earnings per share of $1.84 for the year, down from their prior forecast of $2.33. SunTrust Banks currently has a “Hold” rating and a $24.00 price target on the stock. SunTrust Banks also issued estimates for Kronos Worldwide’s Q4 2018 earnings at $0.28 EPS and FY2019 earnings at $1.05 EPS.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, November 7th. The specialty chemicals company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.49). Kronos Worldwide had a net margin of 12.94% and a return on equity of 33.77%. The firm had revenue of $410.30 million during the quarter, compared to the consensus estimate of $467.00 million. During the same period last year, the business earned $0.64 EPS. The business’s revenue was down 11.7% on a year-over-year basis.

KRO has been the subject of a number of other research reports. ValuEngine downgraded shares of Kronos Worldwide from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 1st. Zacks Investment Research upgraded shares of Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Barclays cut their target price on shares of Kronos Worldwide from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.50.

Shares of KRO opened at $13.23 on Thursday. Kronos Worldwide has a one year low of $12.62 and a one year high of $29.49. The stock has a market capitalization of $1.50 billion, a PE ratio of 7.04, a PEG ratio of 0.38 and a beta of 2.38. The company has a quick ratio of 3.17, a current ratio of 4.96 and a debt-to-equity ratio of 0.60.

Several hedge funds and other institutional investors have recently bought and sold shares of KRO. JPMorgan Chase & Co. lifted its stake in shares of Kronos Worldwide by 214.6% during the 1st quarter. JPMorgan Chase & Co. now owns 48,929 shares of the specialty chemicals company’s stock worth $1,106,000 after buying an additional 33,375 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Kronos Worldwide by 37.5% during the 2nd quarter. Bank of Montreal Can now owns 11,053 shares of the specialty chemicals company’s stock worth $249,000 after buying an additional 3,016 shares during the last quarter. Alpha Windward LLC acquired a new stake in shares of Kronos Worldwide during the 2nd quarter worth about $457,000. James Investment Research Inc. lifted its stake in shares of Kronos Worldwide by 4.4% during the 2nd quarter. James Investment Research Inc. now owns 92,056 shares of the specialty chemicals company’s stock worth $2,074,000 after buying an additional 3,899 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Kronos Worldwide by 659.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 17,556 shares of the specialty chemicals company’s stock worth $396,000 after buying an additional 15,243 shares during the last quarter. Institutional investors own 19.12% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Tuesday, December 4th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Monday, December 3rd. Kronos Worldwide’s dividend payout ratio is presently 36.17%.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.

Further Reading: Return on Investment (ROI)

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

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