Kronos Worldwide Inc (KRO) Forecasted to Post FY2018 Earnings of $1.83 Per Share
Kronos Worldwide Inc (NYSE:KRO) – Equities researchers at SunTrust Banks lifted their FY2018 EPS estimates for Kronos Worldwide in a research report issued on Tuesday. SunTrust Banks analyst J. Sheehan now forecasts that the specialty chemicals company will post earnings of $1.83 per share for the year, up from their prior forecast of $1.77. SunTrust Banks has a “Hold” rating and a $24.00 price target on the stock.
KRO has been the topic of a number of other research reports. Zacks Investment Research upgraded Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Friday, July 28th. BidaskClub upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. ValuEngine cut Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Barclays PLC raised their price target on Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Kronos Worldwide presently has an average rating of “Hold” and an average target price of $21.67.
Shares of Kronos Worldwide (NYSE:KRO) traded up 0.52% during midday trading on Thursday, hitting $25.03. 216,891 shares of the stock traded hands. The company has a market capitalization of $2.90 billion, a P/E ratio of 10.41 and a beta of 2.17. Kronos Worldwide has a 1-year low of $7.27 and a 1-year high of $25.22. The stock has a 50 day moving average of $22.08 and a 200 day moving average of $19.32.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Tuesday, September 5th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, August 31st. Kronos Worldwide’s dividend payout ratio is presently 24.90%.
A number of institutional investors have recently added to or reduced their stakes in KRO. Nationwide Fund Advisors grew its position in Kronos Worldwide by 10.0% in the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock valued at $239,000 after acquiring an additional 1,326 shares during the last quarter. Wells Fargo & Company MN grew its position 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 valued at $2,351,000 after acquiring an additional 111,079 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 valued at $18,747,000 after acquiring an additional 31,669 shares during the last quarter. Karp Capital Management Corp bought a new position in Kronos Worldwide in the first quarter valued at about $517,000. Finally, Parametric Portfolio Associates LLC grew its position in Kronos Worldwide by 9.3% in the first quarter. Parametric Portfolio Associates LLC now owns 119,679 shares of the specialty chemicals company’s stock valued at $1,966,000 after acquiring an additional 10,148 shares during the last quarter. Hedge funds and other institutional investors own 15.41% of the company’s stock.
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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