Kronos Worldwide Inc. (KRO) Shares Down 0.1%
Kronos Worldwide Inc. (NYSE:KRO) was down 0.1% on Thursday . The stock traded as low as $7.40 and last traded at $7.49, with a volume of 377,386 shares changing hands. The stock had previously closed at $7.50.
Separately, Zacks Investment Research raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research report on Tuesday, June 21st.
The firm’s market capitalization is $876.16 million. The company has a 50 day moving average of $5.89 and a 200-day moving average of $5.82.
Kronos Worldwide (NYSE:KRO) last released its 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. The company had revenue of $356.10 million for the quarter, compared to the consensus estimate of $334 million. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.38) earnings per share. On average, analysts anticipate that Kronos Worldwide Inc. will post $0.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, September 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.94%. The ex-dividend date of this dividend is Thursday, September 1st.
An institutional investor recently raised its position in Kronos Worldwide stock. Dimensional Fund Advisors LP boosted its stake in shares of Kronos Worldwide Inc. (NYSE:KRO) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 approximately 1.09% of Kronos Worldwide worth $7,144,000 as of its most recent filing with the SEC.
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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