Kronos Worldwide, Inc. (KRO) Given Consensus Recommendation of “Hold” by Brokerages
Kronos Worldwide, Inc. (NYSE:KRO) has received an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $24.00.
A number of research firms have weighed in on KRO. ValuEngine upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. SunTrust Banks lifted their target price on Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Finally, Barclays lifted their target price on Kronos Worldwide from $17.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 14th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. bought a new position in shares of Kronos Worldwide during the 3rd quarter worth approximately $114,000. Zacks Investment Management bought a new position in shares of Kronos Worldwide during the 2nd quarter worth approximately $207,000. Winslow Evans & Crocker Inc. bought a new position in shares of Kronos Worldwide during the 3rd quarter worth approximately $208,000. Neuberger Berman Group LLC bought a new position in shares of Kronos Worldwide during the 3rd quarter worth approximately $215,000. Finally, AMP Capital Investors Ltd bought a new position in shares of Kronos Worldwide during the 3rd quarter worth approximately $226,000. Institutional investors own 16.17% of the company’s stock.
Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.21. The firm had revenue of $464.50 million during the quarter, compared to the consensus estimate of $448.00 million. Kronos Worldwide had a return on equity of 31.38% and a net margin of 20.52%. The business’s revenue was up 30.4% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. equities research analysts predict that Kronos Worldwide will post 1.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 2.27%. Kronos Worldwide’s dividend payout ratio is currently 21.05%.
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About Kronos Worldwide
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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