Kronos Worldwide (NYSE:KRO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kronos Worldwide (NYSE:KRO) from a sell rating to a hold rating in a report published on Saturday.

Several other equities analysts have also weighed in on the stock. Zacks Research lowered shares of Kronos Worldwide from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. Weiss Ratings restated a “sell (d)” rating on shares of Kronos Worldwide in a research report on Friday, March 27th. Four analysts have rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Strong Sell” and an average price target of $6.00.

Kronos Worldwide Price Performance

KRO opened at $7.29 on Friday. The firm has a market cap of $838.60 million, a P/E ratio of -7.59 and a beta of 1.00. The firm has a 50-day moving average of $6.08 and a 200 day moving average of $5.41. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.99 and a current ratio of 2.70. Kronos Worldwide has a fifty-two week low of $4.08 and a fifty-two week high of $7.90.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Monday, March 9th. The specialty chemicals company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.46). The company had revenue of $418.30 million for the quarter, compared to the consensus estimate of $373.26 million. Kronos Worldwide had a negative net margin of 5.96% and a negative return on equity of 11.72%. On average, research analysts expect that Kronos Worldwide will post -0.33 EPS for the current year.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.20 annualized dividend and a yield of 2.7%. Kronos Worldwide’s dividend payout ratio is -20.83%.

Institutional Investors Weigh In On Kronos Worldwide

Several institutional investors have recently added to or reduced their stakes in the business. Alpine Global Management LLC purchased a new stake in Kronos Worldwide during the fourth quarter valued at about $54,000. EP Wealth Advisors LLC purchased a new stake in Kronos Worldwide during the fourth quarter valued at about $110,000. Susquehanna Portfolio Strategies LLC purchased a new stake in Kronos Worldwide during the fourth quarter valued at about $53,000. Quadrature Capital Ltd purchased a new stake in Kronos Worldwide during the fourth quarter valued at about $59,000. Finally, Millennium Management LLC lifted its holdings in Kronos Worldwide by 66.4% during the fourth quarter. Millennium Management LLC now owns 104,351 shares of the specialty chemicals company’s stock valued at $461,000 after purchasing an additional 41,639 shares during the last quarter. 15.11% of the stock is owned by hedge funds and other institutional investors.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO?) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO? offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.