Kronos Worldwide (NYSE:KRO) released its quarterly earnings data on Thursday. The specialty chemicals company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02), Briefing.com reports. Kronos Worldwide had a net margin of 6.93% and a return on equity of 13.56%. The firm had revenue of $437.40 million during the quarter, compared to analysts’ expectations of $427.54 million. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis.
NYSE:KRO traded up $0.73 during trading hours on Friday, reaching $14.51. 504,877 shares of the company traded hands, compared to its average volume of 285,524. The firm’s 50-day moving average is $12.30 and its 200-day moving average is $12.85. The stock has a market cap of $1.59 billion, a P/E ratio of 8.20 and a beta of 2.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.94 and a quick ratio of 2.98. Kronos Worldwide has a 1-year low of $9.65 and a 1-year high of $16.13.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Monday, December 2nd. Kronos Worldwide’s dividend payout ratio (DPR) is presently 40.68%.
Several equities analysts recently weighed in on KRO shares. SunTrust Banks dropped their price objective on Kronos Worldwide from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, October 11th. ValuEngine upgraded Kronos Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th.
About Kronos Worldwide
Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.
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