Kronos Worldwide Inc. (KRO) Shares Down 3.9%
Kronos Worldwide Inc. (NYSE:KRO) shares dropped 3.9% during mid-day trading on Wednesday . The company traded as low as $8.47 and last traded at $8.63, with a volume of 359,057 shares trading hands. The stock had previously closed at $8.98.
KRO has been the subject of a number of recent research reports. TheStreet upgraded Kronos Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded Kronos Worldwide from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Tuesday, June 21st.
The firm’s market capitalization is $1.00 billion. The firm has a 50-day moving average of $6.82 and a 200-day moving average of $6.10.
Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Friday, August 5th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.02. During the same quarter in the prior year, the business earned ($1.38) earnings per share. The firm had revenue of $356.10 million for the quarter, compared to analyst estimates of $334 million. Kronos Worldwide’s revenue was down 1.1% compared to the same quarter last year. Analysts anticipate that Kronos Worldwide Inc. will post $0.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors 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 6.91%.
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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