Kronos Worldwide (KRO) Expected to Post Earnings on Thursday

Kronos Worldwide (NYSE:KRO) is anticipated to post its results after the market closes on Thursday, November 5th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $537.40 million for the quarter.

Kronos Worldwide (NYSE:KRO) last posted its earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%. The company had revenue of $558.10 million for the quarter, compared to analyst estimates of $484.51 million. On average, analysts expect Kronos Worldwide to post $0.35 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.

Kronos Worldwide Price Performance

Shares of Kronos Worldwide stock opened at $7.65 on Thursday. The stock has a market capitalization of $880.51 million, a price-to-earnings ratio of -8.05 and a beta of 1.10. Kronos Worldwide has a 1-year low of $4.08 and a 1-year high of $9.17. The company has a current ratio of 3.30, a quick ratio of 1.55 and a debt-to-equity ratio of 0.76. The firm has a fifty day simple moving average of $8.05 and a 200-day simple moving average of $6.83.

Kronos Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 19th. Kronos Worldwide’s dividend payout ratio (DPR) is -21.05%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KRO shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Kronos Worldwide in a report on Tuesday, October 6th. The Goldman Sachs Group reissued a “sell” rating and issued a $8.00 target price on shares of Kronos Worldwide in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kronos Worldwide from $6.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Wall Street Zen raised Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Finally, Zacks Research cut Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $8.50.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc (NYSE:KRO) is a global producer and marketer of titanium dioxide (TiO2) pigments. Its products are sold primarily under the KRONOS brand and are used to provide whiteness, opacity, brightness and protection in paints and coatings, plastics, paper and other manufactured products.

The company also produces certain specialty chemicals, including iron-based products and related inorganic chemicals. Kronos serves industrial customers through manufacturing and distribution operations in North America and Europe, with products marketed to customers in markets around the world.

Kronos Worldwide traces its roots to the early development of commercial titanium dioxide production and is part of the Valhi, Inc corporate family.