Brokerages predict that Kronos Worldwide, Inc. (NYSE:KRO) will report sales of $397.70 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Kronos Worldwide’s earnings. The lowest sales estimate is $391.00 million and the highest is $404.40 million. Kronos Worldwide reported sales of $437.40 million in the same quarter last year, which indicates a negative year-over-year growth rate of 9.1%. The business is scheduled to announce its next earnings report on Thursday, November 5th.
According to Zacks, analysts expect that Kronos Worldwide will report full-year sales of $1.56 billion for the current financial year, with estimates ranging from $1.54 billion to $1.57 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.71 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Kronos Worldwide.
Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.12. Kronos Worldwide had a net margin of 4.51% and a return on equity of 8.98%.
A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Kronos Worldwide from a “sell” rating to a “hold” rating and set a $11.00 target price on the stock in a research report on Tuesday, July 21st. SunTrust Banks raised their target price on shares of Kronos Worldwide from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.00.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its position in shares of Kronos Worldwide by 24.2% during the second quarter. Bank of Montreal Can now owns 5,532 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 1,079 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Kronos Worldwide by 24.9% during the first quarter. BNP Paribas Arbitrage SA now owns 7,496 shares of the specialty chemicals company’s stock valued at $63,000 after purchasing an additional 1,496 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Kronos Worldwide by 6.5% during the first quarter. Venturi Wealth Management LLC now owns 24,608 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 1,500 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Kronos Worldwide by 24.8% during the first quarter. Citigroup Inc. now owns 7,743 shares of the specialty chemicals company’s stock valued at $65,000 after purchasing an additional 1,538 shares during the last quarter. Finally, Tudor Investment Corp Et Al lifted its holdings in shares of Kronos Worldwide by 8.1% during the second quarter. Tudor Investment Corp Et Al now owns 37,413 shares of the specialty chemicals company’s stock valued at $389,000 after purchasing an additional 2,813 shares during the last quarter. 17.33% of the stock is owned by hedge funds and other institutional investors.
Kronos Worldwide stock traded up $0.39 during mid-day trading on Tuesday, reaching $12.68. The company’s stock had a trading volume of 342,417 shares, compared to its average volume of 211,736. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.92 and a current ratio of 5.09. The company has a market capitalization of $1.47 billion, a P/E ratio of 20.13 and a beta of 1.57. The firm’s fifty day moving average price is $12.00 and its two-hundred day moving average price is $10.08. Kronos Worldwide has a 12-month low of $6.80 and a 12-month high of $15.09.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, September 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Monday, August 31st. Kronos Worldwide’s dividend payout ratio is currently 96.00%.
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, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.
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