Zacks: Kronos Worldwide Inc. (NYSE:KRO) Receives Consensus Recommendation of “Sell” from Brokerages
Kronos Worldwide Inc. (NYSE:KRO) has been given a consensus broker rating score of 3.50 (Sell) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating and three have given a hold rating to the company.
Brokers have set a one year consensus price objective of $7.42 for the company and are forecasting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned Kronos Worldwide an industry rank of 149 out of 265 based on the ratings given to related companies.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Kronos Worldwide from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Tuesday, June 21st. TheStreet raised Kronos Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th.
A number of institutional investors have recently bought and sold shares of KRO. Sei Investments Co. raised its position in Kronos Worldwide by 159,575.0% in the second quarter. Sei Investments Co. now owns 19,161 shares of the company’s stock valued at $101,000 after buying an additional 19,149 shares during the last quarter. BlackRock Group LTD raised its position in Kronos Worldwide by 24.8% in the first quarter. BlackRock Group LTD now owns 21,590 shares of the company’s stock valued at $123,000 after buying an additional 4,286 shares during the last quarter. Teachers Advisors Inc. raised its position in Kronos Worldwide by 6.0% in the second quarter. Teachers Advisors Inc. now owns 31,997 shares of the company’s stock valued at $168,000 after buying an additional 1,800 shares during the last quarter. Alliancebernstein L.P. raised its position in Kronos Worldwide by 161.3% in the second quarter. Alliancebernstein L.P. now owns 32,400 shares of the company’s stock valued at $170,000 after buying an additional 20,000 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Kronos Worldwide during the second quarter valued at about $180,000. 13.50% of the stock is currently owned by hedge funds and other institutional investors.
Kronos Worldwide (NYSE:KRO) traded down 0.12% during trading on Friday, reaching $8.16. The company’s stock had a trading volume of 57,267 shares. The stock has a 50 day moving average price of $7.87 and a 200 day moving average price of $6.36. The stock’s market capitalization is $945.70 million. Kronos Worldwide has a 1-year low of $3.94 and a 1-year high of $9.21.
Kronos Worldwide (NYSE:KRO) last announced 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. Kronos Worldwide had a negative net margin of 2.64% and a negative return on equity of 5.63%. The business earned $356.10 million during the quarter, compared to analyst estimates of $334 million. During the same period last year, the company earned ($1.38) EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts anticipate that Kronos Worldwide will post $0.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, September 6th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 7.34%. The ex-dividend date of this dividend was Thursday, September 1st. Kronos Worldwide’s payout ratio is -199.99%.
Kronos Worldwide Company Profile
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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