Kronos Worldwide (KRO) Expected to Post Earnings on Thursday

Kronos Worldwide (NYSE:KRO) is expected to post its results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of $0.19 per share and revenue of $537.40 million for the quarter.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. Kronos Worldwide had a negative net margin of 5.63% and a negative return on equity of 12.28%. The business had revenue of $558.10 million during the quarter, compared to the consensus estimate of $484.51 million. On average, analysts expect Kronos Worldwide to post $0.35 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.

Kronos Worldwide Stock Down 1.4%

NYSE KRO opened at $7.47 on Wednesday. The business has a fifty day moving average price of $7.99 and a two-hundred day moving average price of $6.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.30 and a quick ratio of 1.55. Kronos Worldwide has a fifty-two week low of $4.08 and a fifty-two week high of $9.17. The stock has a market capitalization of $860.03 million, a PE ratio of -7.87 and a beta of 1.11.

Kronos Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a $0.05 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.20 annualized dividend and a dividend yield of 2.7%. Kronos Worldwide’s dividend payout ratio (DPR) is presently -21.05%.

Analysts Set New Price Targets

Several brokerages recently weighed in on KRO. Zacks Research downgraded Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $8.00 price objective on shares of Kronos Worldwide in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Kronos Worldwide from $6.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Wall Street Zen raised Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Kronos Worldwide in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kronos Worldwide has a consensus rating of “Reduce” and a consensus target price of $8.50.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc (NYSE:KRO) is a global producer and marketer of titanium dioxide (TiO2) pigments. Its products are sold primarily under the KRONOS brand and are used to provide whiteness, opacity, brightness and protection in paints and coatings, plastics, paper and other manufactured products.

The company also produces certain specialty chemicals, including iron-based products and related inorganic chemicals. Kronos serves industrial customers through manufacturing and distribution operations in North America and Europe, with products marketed to customers in markets around the world.

Kronos Worldwide traces its roots to the early development of commercial titanium dioxide production and is part of the Valhi, Inc corporate family.