Kronos Worldwide Inc. (KRO) Shares Down 4.2%
Shares of Kronos Worldwide Inc. (NYSE:KRO) fell 4.2% on Friday . The stock traded as low as $6.65 and last traded at $6.68, with a volume of 186,687 shares traded. The stock had previously closed at $6.97.
Separately, Zacks Investment Research upgraded Kronos Worldwide from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Tuesday, June 21st.
The firm’s market cap is $782.28 million. The company’s 50 day moving average is $5.70 and its 200 day moving average is $5.73.
Kronos Worldwide (NYSE:KRO) last announced its earnings results on Friday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business earned $356.10 million during the quarter, compared to analyst estimates of $334 million. During the same period in the previous year, the business earned ($1.38) EPS. Kronos Worldwide’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts anticipate that Kronos Worldwide Inc. will post $0.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 1st. This represents a $0.60 annualized dividend and a dividend yield of 8.89%.
An institutional investor recently raised its position in Kronos Worldwide stock. Dimensional Fund Advisors LP increased its stake in shares of Kronos Worldwide Inc. (NYSE:KRO) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,266,681 shares of the company’s stock after buying an additional 23,748 shares during the period. Dimensional Fund Advisors LP owned about 1.09% of Kronos Worldwide worth $7,144,000 as of its most recent SEC filing.
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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