Zacks: Kronos Worldwide Inc. (KRO) Receives Average Rating of “Sell” from Brokerages
Shares of Kronos Worldwide Inc. (NYSE:KRO) have been given an average broker rating score of 3.50 (Sell) from the four brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and three have issued a hold rating on the company.
Brokerages have set a 1-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 given Kronos Worldwide an industry rank of 53 out of 265 based on the ratings given to related companies.
Several brokerages have recently commented on KRO. Zacks Investment Research raised Kronos Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. TheStreet raised Kronos Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th.
Shares of Kronos Worldwide (NYSE:KRO) opened at 7.50 on Tuesday. Kronos Worldwide has a 12-month low of $3.94 and a 12-month high of $9.21. The firm’s market cap is $869.20 million. The firm has a 50-day moving average price of $8.25 and a 200-day moving average price of $6.59.
Kronos Worldwide (NYSE:KRO) last announced its earnings results on Friday, August 5th. The company reported $0.01 EPS for the quarter, missing the 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 company had revenue of $356.10 million for the quarter, compared to analysts’ expectations of $334 million. During the same period in the prior year, the company earned ($1.38) earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities research analysts expect that Kronos Worldwide will post $0.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, September 6th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 8.00%. The ex-dividend date was Thursday, September 1st. Kronos Worldwide’s dividend payout ratio is currently -199.99%.
A number of large investors have recently made changes to their positions in KRO. Kempen Capital Management N.V. increased its stake in shares of Kronos Worldwide by 82.8% in the first quarter. Kempen Capital Management N.V. now owns 104,492 shares of the company’s stock valued at $598,000 after buying an additional 47,323 shares in the last quarter. Zebra Capital Management LLC increased its stake in shares of Kronos Worldwide by 6.5% in the first quarter. Zebra Capital Management LLC now owns 127,709 shares of the company’s stock valued at $730,000 after buying an additional 7,762 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Kronos Worldwide by 3.5% in the first quarter. Geode Capital Management LLC now owns 155,593 shares of the company’s stock valued at $889,000 after buying an additional 5,229 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Kronos Worldwide during the first quarter valued at about $1,452,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Kronos Worldwide during the second quarter valued at about $655,000. 13.50% of the stock is owned by hedge funds and other institutional investors.
About Kronos Worldwide
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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