Kronos Worldwide Inc. (KRO) Shares Up 1.7%
Shares of Kronos Worldwide Inc. (NYSE:KRO) were up 1.7% during trading on Wednesday . The company traded as high as $8.24 and last traded at $8.17, with a volume of 156,478 shares traded. The stock had previously closed at $8.03.
Separately, Zacks Investment Research raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research report on Tuesday, June 21st.
The firm’s 50 day moving average price is $6.16 and its 200 day moving average price is $5.91. The company’s market cap is $931.79 million.
Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data 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. During the same period last year, the business earned ($1.38) earnings per share. The firm had revenue of $356.10 million for the quarter, compared to the consensus estimate of $334 million. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities research analysts expect that Kronos Worldwide Inc. will post $0.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th will be issued a $0.15 dividend. The ex-dividend date is Thursday, September 1st. This represents a $0.60 annualized dividend and a yield of 7.46%.
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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