Kronos Worldwide Inc. (KRO) Stock Price Up 4.6%
Kronos Worldwide Inc. (NYSE:KRO) shares rose 4.6% on Monday . The company traded as high as $7.10 and last traded at $7.06, with a volume of 373,275 shares trading hands. The stock had previously closed at $6.75.
Separately, Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Tuesday, June 21st.
The stock’s 50 day moving average price is $5.76 and its 200 day moving average price is $5.78. The company’s market cap is $819.37 million.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $356.10 million for the quarter, compared to analyst estimates of $334 million. During the same quarter last year, the firm earned ($1.38) EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts predict that Kronos Worldwide Inc. will post $0.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, September 6th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.49%.
An institutional investor recently raised its position in Kronos Worldwide stock. Dimensional Fund Advisors LP raised its position in Kronos Worldwide Inc. (NYSE:KRO) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,266,681 shares of the company’s stock after buying an additional 23,748 shares during the period. Dimensional Fund Advisors LP owned approximately 1.09% of Kronos Worldwide worth $7,144,000 as of its most recent SEC filing.
Kronos Worldwide, Inc is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products in approximately 100 countries with sales in Europe and North America.
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