Somewhat Positive Press Coverage Somewhat Unlikely to Impact Kronos Worldwide (NYSE:KRO) Share Price
Press coverage about Kronos Worldwide (NYSE:KRO) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kronos Worldwide earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media stories about the specialty chemicals company an impact score of 46.4386579109354 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Kronos Worldwide Inc (KRO) Ichimoku Levels Indicate Positive Trend – Sheridan Daily (sheridandaily.com)
- After-Hours Earnings Report for August 4, 2017 : KRO, LONE – Nasdaq (nasdaq.com)
- Kronos Worldwide Inc (KRO) Share Activity Climbing in Session – Evergreen Caller (evergreencaller.com)
- Kronos Worldwide, Inc. (KRO) finishes with stream of -1.95% along China Petroleum & Chemical Corporation (SNP … – Stocks Gallery (stocksgallery.com)
- Kronos Worldwide Inc (KRO) to Release Earnings on Friday (americanbankingnews.com)
Shares of Kronos Worldwide (NYSE:KRO) traded up 2.62% during mid-day trading on Friday, hitting $21.17. The company’s stock had a trading volume of 557,258 shares. Kronos Worldwide has a 1-year low of $5.45 and a 1-year high of $21.89. The company has a 50-day moving average price of $19.26 and a 200-day moving average price of $16.72. The stock has a market cap of $2.45 billion, a PE ratio of 29.24 and a beta of 2.10.
Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The company had revenue of $369.80 million during the quarter, compared to analysts’ expectations of $350 million. Kronos Worldwide had a return on equity of 18.70% and a net margin of 5.93%. Kronos Worldwide’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) EPS. Analysts predict that Kronos Worldwide will post $1.04 EPS for the current fiscal year.
A number of analysts recently issued reports on KRO shares. ValuEngine raised Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub cut Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Zacks Investment Research cut Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Kronos Worldwide currently has an average rating of “Buy” and an average price target of $18.00.
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In other news, insider Benjiman R. Corona sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $18.35, for a total value of $36,700.00. Following the completion of the transaction, the insider now owns 500 shares in the company, valued at approximately $9,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc (Kronos) 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 with sales in Europe and North America.
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