Kronos Worldwide Inc (NYSE:KRO) – Stock analysts at SunTrust Banks boosted their Q2 2017 EPS estimates for shares of Kronos Worldwide in a research report issued on Wednesday. SunTrust Banks analyst J. Sheehan now expects that the specialty chemicals company will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.39. SunTrust Banks also issued estimates for Kronos Worldwide’s Q3 2017 earnings at $0.46 EPS, Q4 2017 earnings at $0.39 EPS and FY2017 earnings at $1.54 EPS.

A number of other research analysts have also recently issued reports on the stock. BidaskClub cut shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, TheStreet raised shares of Kronos Worldwide from a “c” rating to a “b-” rating in a research note on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.00.

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Kronos Worldwide (NYSE:KRO) opened at 20.87 on Thursday. The firm has a market capitalization of $2.42 billion, a PE ratio of 28.83 and a beta of 2.08. The company has a 50 day moving average price of $18.98 and a 200-day moving average price of $16.46. Kronos Worldwide has a one year low of $5.45 and a one year high of $21.16.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Monday, May 8th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.08. The business had revenue of $369.80 million for the quarter, compared to analysts’ expectations of $350 million. Kronos Worldwide had a return on equity of 18.70% and a net margin of 5.93%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) EPS.

In other Kronos Worldwide news, insider Benjiman R. Corona sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total transaction of $36,700.00. Following the sale, the insider now owns 500 shares of the company’s stock, valued at $9,175. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Kronos Worldwide by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 1,141,042 shares of the specialty chemicals company’s stock worth $18,747,000 after buying an additional 31,669 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Kronos Worldwide by 130.8% in the first quarter. Advisors Asset Management Inc. now owns 873,758 shares of the specialty chemicals company’s stock worth $14,356,000 after buying an additional 495,111 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in Kronos Worldwide by 17.3% in the first quarter. Eqis Capital Management Inc. now owns 44,243 shares of the specialty chemicals company’s stock worth $727,000 after buying an additional 6,533 shares during the last quarter. Advisory Services Network LLC bought a new stake in Kronos Worldwide during the first quarter worth $616,000. Finally, Wells Fargo & Company MN boosted its stake in Kronos Worldwide by 347.2% in the first quarter. Wells Fargo & Company MN now owns 143,076 shares of the specialty chemicals company’s stock worth $2,351,000 after buying an additional 111,079 shares during the last quarter. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc (Kronos) 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 with sales in Europe and North America.

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