Kronos Worldwide (KRO) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Kronos Worldwide (NYSE:KRO) announced its earnings results on Monday. The specialty chemicals company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01), Fidelity Earnings reports. The business had revenue of $349.40 million for the quarter, compared to the consensus estimate of $378.00 million. Kronos Worldwide had a net margin of 12.94% and a return on equity of 33.77%.

NYSE:KRO traded down $0.51 during trading hours on Tuesday, hitting $14.53. 196,380 shares of the stock traded hands, compared to its average volume of 381,813. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.96 and a quick ratio of 3.17. Kronos Worldwide has a 1 year low of $10.51 and a 1 year high of $25.95. The company has a market capitalization of $1.85 billion, a P/E ratio of 7.73, a P/E/G ratio of 1.05 and a beta of 1.94.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Tuesday, March 5th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, March 4th. This represents a $0.72 annualized dividend and a yield of 4.96%. This is an increase from Kronos Worldwide’s previous quarterly dividend of $0.17. Kronos Worldwide’s payout ratio is currently 36.17%.

A hedge fund recently raised its stake in Kronos Worldwide stock. Geode Capital Management LLC raised its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 240,081 shares of the specialty chemicals company’s stock after purchasing an additional 11,864 shares during the quarter. Geode Capital Management LLC owned 0.21% of Kronos Worldwide worth $2,764,000 as of its most recent SEC filing. 19.72% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on KRO. ValuEngine upgraded shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $25.33.

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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, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.

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Earnings History for Kronos Worldwide (NYSE:KRO)

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