Kronos Worldwide Inc. (KRO) Trading Down 0.1%
Kronos Worldwide Inc. (NYSE:KRO) dropped 0.1% during trading on Thursday . The company traded as low as $7.40 and last traded at $7.49, with a volume of 377,386 shares trading hands. The stock had previously closed at $7.50.
Separately, Zacks Investment Research lowered Kronos Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th.
The stock’s 50-day moving average price is $6.03 and its 200 day moving average price is $5.85. The firm’s market cap is $913.24 million.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.02. During the same quarter in the previous year, the business earned ($1.38) EPS. The company earned $356.10 million during the quarter, compared to the consensus estimate of $334 million. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that Kronos Worldwide Inc. will post $0.07 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 given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.61%.
An institutional investor recently raised its position in Kronos Worldwide stock. Dimensional Fund Advisors LP raised its position in Kronos Worldwide Inc. (NYSE:KRO) by 1.9% during the fourth quarter, according to its most recent filing 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.