Kronos Worldwide Inc. (KRO) Shares Up 1.7%
Kronos Worldwide Inc. (NYSE:KRO) was up 1.7% on Wednesday . The company traded as high as $8.24 and last traded at $8.17, with a volume of 156,478 shares trading hands. The stock had previously closed at $8.03.
Separately, Zacks Investment Research downgraded Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.
The firm’s 50 day moving average price is $6.36 and its 200-day moving average price is $5.95. The stock’s market cap is $994.37 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 analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $356.10 million for the quarter, compared to analysts’ expectations of $334 million. During the same period last year, the firm posted ($1.38) earnings per share. Kronos Worldwide’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts forecast 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date of this dividend is Thursday, September 1st.
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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