Kronos Worldwide, Inc. (KRO) Trading Down 3.9%
Kronos Worldwide, Inc. (NYSE:KRO) fell 3.9% during trading on Wednesday . The company traded as low as $8.47 and last traded at $8.63, with a volume of 359,057 shares. The stock had previously closed at $8.98.
Separately, Zacks Investment Research upgraded Kronos Worldwide from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Monday.
The stock’s 50 day moving average is $6.66 and its 200 day moving average is $6.06. The stock’s market capitalization is $1.03 billion.
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 consensus estimate of $0.03 by $0.02. The firm earned $356.10 million during the quarter, compared to analyst estimates of $334 million. During the same quarter in the previous year, the business earned ($1.38) earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that Kronos Worldwide, Inc. will post $0.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, September 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.75%. The ex-dividend date 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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