Brokerages Set $7.42 Price Target for Kronos Worldwide Inc. (KRO)
Shares of Kronos Worldwide Inc. (NYSE:KRO) have been assigned a consensus broker rating score of 3.50 (Sell) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating and three have issued a hold rating on the company.
Brokerages have set a 1-year consensus price target of $7.42 for the company and are predicting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Kronos Worldwide an industry rank of 47 out of 265 based on the ratings given to its competitors.
KRO has been the topic of several research analyst reports. Zacks Investment Research raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research report on Tuesday, June 21st. TheStreet raised shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th.
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Several institutional investors have recently added to or reduced their stakes in KRO. Advisory Services Network LLC acquired a new position in Kronos Worldwide during the third quarter valued at approximately $321,000. Schwab Charles Investment Management Inc. increased its position in Kronos Worldwide by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 75,214 shares of the company’s stock valued at $395,000 after buying an additional 1,092 shares during the period. A.R.T. Advisors LLC acquired a new position in Kronos Worldwide during the second quarter valued at approximately $264,000. Parametric Portfolio Associates LLC increased its position in Kronos Worldwide by 6.5% in the second quarter. Parametric Portfolio Associates LLC now owns 35,624 shares of the company’s stock valued at $187,000 after buying an additional 2,172 shares during the period. Finally, Citadel Advisors LLC increased its position in Kronos Worldwide by 23.2% in the second quarter. Citadel Advisors LLC now owns 157,246 shares of the company’s stock valued at $826,000 after buying an additional 29,564 shares during the period. Institutional investors and hedge funds own 13.50% of the company’s stock.
Shares of Kronos Worldwide (NYSE:KRO) traded down 0.89% during trading on Tuesday, reaching $7.80. 91,926 shares of the company traded hands. Kronos Worldwide has a 12 month low of $3.94 and a 12 month high of $9.21. The company has a 50-day moving average of $8.28 and a 200-day moving average of $6.57. The stock’s market capitalization is $903.97 million.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company earned $356.10 million during the quarter, compared to the consensus estimate of $334 million. Kronos Worldwide had a negative net margin of 2.64% and a negative return on equity of 5.63%. Kronos Worldwide’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.38) earnings per share. Analysts forecast that Kronos Worldwide will post $0.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, September 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.60 annualized dividend and a dividend yield of 7.62%. Kronos Worldwide’s dividend payout ratio (DPR) is presently -199.99%.
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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