Kronos Worldwide Inc. (NYSE:KRO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $9.25 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.80% from the company’s previous close.
According to Zacks, “KRONOS WORLDWIDE, INC. is a global producer and marketer of value-added titanium dioxide pigments. The Company along with its distributors and agents, sells and provides technical services for its products to over 4,000 customers in approximately 100 countries with the majority of sales in Europe and North America. “
Separately, TheStreet raised shares of 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 8.20 on Wednesday. Kronos Worldwide has a one year low of $3.94 and a one year high of $9.21. The company’s market capitalization is $950.33 million. The company’s 50-day moving average is $8.13 and its 200-day moving average is $6.43.
Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.01 earnings per share (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 firm had revenue of $356.10 million for the quarter, compared to the consensus estimate of $334 million. During the same period in the prior year, the business earned ($1.38) earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts predict that Kronos Worldwide will post $0.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend was Thursday, September 1st. Kronos Worldwide’s dividend payout ratio is presently -199.99%.
Several institutional investors have recently made changes to their positions in the company. Sei Investments Co. increased its position in shares of Kronos Worldwide by 159,575.0% in the second quarter. Sei Investments Co. now owns 19,161 shares of the company’s stock worth $101,000 after buying an additional 19,149 shares in the last quarter. Teachers Advisors Inc. increased its position in shares of Kronos Worldwide by 6.0% in the second quarter. Teachers Advisors Inc. now owns 31,997 shares of the company’s stock worth $168,000 after buying an additional 1,800 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Kronos Worldwide by 161.3% in the second quarter. Alliancebernstein L.P. now owns 32,400 shares of the company’s stock worth $170,000 after buying an additional 20,000 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Kronos Worldwide during the second quarter worth $180,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of Kronos Worldwide by 6.5% in the second quarter. Parametric Portfolio Associates LLC now owns 35,624 shares of the company’s stock worth $187,000 after buying an additional 2,172 shares in the last quarter. 13.50% of the stock is owned by institutional investors.
Kronos Worldwide Company Profile
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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