Kronos Worldwide Inc. (KRO) Stock Price Down 2.7%
Kronos Worldwide Inc. (NYSE:KRO) traded down 2.7% on Tuesday . The stock traded as low as $7.94 and last traded at $7.96, with a volume of 97,839 shares trading hands. The stock had previously closed at $8.18.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Kronos Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. TheStreet raised Kronos Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th.
The stock’s market capitalization is $916.72 million. The firm’s 50 day moving average is $7.72 and its 200-day moving average is $6.34.
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Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Friday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.02. The firm earned $356.10 million during the quarter, compared to analyst estimates of $334 million. Kronos Worldwide had a negative net margin of 2.64% and a negative return on equity of 5.63%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.38) earnings per share. On average, analysts predict that Kronos Worldwide Inc. will post $0.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, September 6th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.59%. The ex-dividend date of this dividend was Thursday, September 1st. Kronos Worldwide’s dividend payout ratio is currently -199.99%.
Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in Kronos Worldwide by 159,575.0% in the second quarter. Sei Investments Co. now owns 19,161 shares of the company’s stock valued at $101,000 after buying an additional 19,149 shares during the period. BlackRock Group LTD raised its position in Kronos Worldwide by 24.8% in the first quarter. BlackRock Group LTD now owns 21,590 shares of the company’s stock valued at $123,000 after buying an additional 4,286 shares during the period. Teachers Advisors Inc. raised its position in Kronos Worldwide by 6.0% in the second quarter. Teachers Advisors Inc. now owns 31,997 shares of the company’s stock valued at $168,000 after buying an additional 1,800 shares during the period. Alliancebernstein L.P. raised its position in Kronos Worldwide by 161.3% in the second quarter. Alliancebernstein L.P. now owns 32,400 shares of the company’s stock valued at $170,000 after buying an additional 20,000 shares during the period. Finally, Engineers Gate Manager LP bought a new position in Kronos Worldwide during the second quarter valued at approximately $180,000. 13.50% of the stock is currently owned by hedge funds and other 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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