Kronos Worldwide Inc. (KRO) Reaches New 12-Month High at $8.72
Kronos Worldwide Inc. (NYSE:KRO)’s share price reached a new 52-week high on Thursday . The stock traded as high as $8.72 and last traded at $8.66, with a volume of 502,302 shares. The stock had previously closed at $8.04.
Separately, Zacks Investment Research downgraded Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.
The stock has a 50 day moving average of $6.25 and a 200-day moving average of $5.93. The firm’s market cap is $990.89 million.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.02. During the same period in the previous year, the company posted ($1.38) EPS. The firm earned $356.10 million during the quarter, compared to analyst estimates of $334 million. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts expect that Kronos Worldwide Inc. will post $0.13 EPS for the current fiscal 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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.60 annualized dividend and a dividend 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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