Kronos Worldwide (KRO) Projected to Release Earnings on Thursday

Kronos Worldwide (NYSE:KRO) is expected to announce its results after the market closes on Thursday, November 5th. Analysts expect Kronos Worldwide 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 results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. The company had revenue of $558.10 million for the quarter, compared to analysts’ expectations of $484.51 million. Kronos Worldwide had a negative net margin of 5.63% and a negative return on equity of 12.28%. 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 Price Performance

Kronos Worldwide stock traded down $0.03 during mid-day trading on Tuesday, reaching $7.55. 19,027 shares of the company’s stock traded hands, compared to its average volume of 351,918. The company has a market cap of $869.00 million, a price-to-earnings ratio of -7.95 and a beta of 1.10. The stock has a 50 day moving average of $8.01 and a two-hundred day moving average of $6.86. The company has a quick ratio of 1.55, a current ratio of 3.30 and a debt-to-equity ratio of 0.76. Kronos Worldwide has a 12-month low of $4.08 and a 12-month high of $9.17.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 19th. Kronos Worldwide’s dividend payout ratio (DPR) is presently -21.05%.

Analyst Ratings Changes

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