Kronos Worldwide (KRO) Projected to Post Earnings on Thursday

Kronos Worldwide (NYSE:KRO) is expected to announce its results after the market closes on Thursday, November 6th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $519.2670 million for the quarter.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Wednesday, August 6th. The specialty chemicals company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.21). Kronos Worldwide had a net margin of 3.57% and a return on equity of 8.04%. The business had revenue of $494.40 million for the quarter, compared to analysts’ expectations of $508.47 million.

Kronos Worldwide Price Performance

NYSE KRO opened at $4.90 on Thursday. Kronos Worldwide has a 52 week low of $4.70 and a 52 week high of $12.98. The firm has a market capitalization of $563.75 million, a P/E ratio of 8.45 and a beta of 1.09. The company has a quick ratio of 1.04, a current ratio of 2.79 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $5.73 and a 200-day moving average price of $6.24.

Kronos Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.20 annualized dividend and a dividend yield of 4.1%. Kronos Worldwide’s dividend payout ratio is presently 34.48%.

Institutional Trading of Kronos Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of KRO. AQR Capital Management LLC increased its stake in Kronos Worldwide by 478.7% in the first quarter. AQR Capital Management LLC now owns 125,969 shares of the specialty chemicals company’s stock worth $942,000 after purchasing an additional 104,202 shares during the period. Goldman Sachs Group Inc. increased its stake in Kronos Worldwide by 11.1% in the first quarter. Goldman Sachs Group Inc. now owns 220,663 shares of the specialty chemicals company’s stock worth $1,651,000 after purchasing an additional 22,046 shares during the period. Jane Street Group LLC increased its stake in Kronos Worldwide by 20.3% in the first quarter. Jane Street Group LLC now owns 24,368 shares of the specialty chemicals company’s stock worth $182,000 after purchasing an additional 4,104 shares during the period. Geode Capital Management LLC increased its stake in Kronos Worldwide by 2.4% in the second quarter. Geode Capital Management LLC now owns 527,839 shares of the specialty chemicals company’s stock worth $3,273,000 after purchasing an additional 12,260 shares during the period. Finally, Creative Planning increased its stake in Kronos Worldwide by 13.1% in the second quarter. Creative Planning now owns 42,064 shares of the specialty chemicals company’s stock worth $261,000 after purchasing an additional 4,857 shares during the period. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KRO shares. The Goldman Sachs Group reduced their price target on shares of Kronos Worldwide from $8.50 to $6.00 and set a “sell” rating for the company in a research report on Friday, October 17th. Zacks Research upgraded Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kronos Worldwide in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Kronos Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Sell” and an average target price of $6.50.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company 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.