Kronos Worldwide, Inc. (NYSE:KRO) Expected to Post Earnings of $0.10 Per Share

Equities analysts expect that Kronos Worldwide, Inc. (NYSE:KRO) will announce earnings of $0.10 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kronos Worldwide’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.11. Kronos Worldwide posted earnings of $0.21 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 52.4%. The firm is scheduled to announce its next earnings results on Monday, March 9th.

On average, analysts expect that Kronos Worldwide will report full-year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.76 to $0.78. For the next fiscal year, analysts forecast that the business will report earnings of $0.89 per share, with EPS estimates ranging from $0.82 to $0.95. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Kronos Worldwide.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Thursday, November 7th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The business had revenue of $437.40 million for the quarter, compared to analysts’ expectations of $427.54 million. Kronos Worldwide had a return on equity of 11.94% and a net margin of 5.95%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS.

A number of research firms have weighed in on KRO. ValuEngine upgraded Kronos Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. SunTrust Banks lowered their target price on Kronos Worldwide from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, October 11th.

NYSE:KRO opened at $13.54 on Friday. The firm’s fifty day moving average is $13.21 and its two-hundred day moving average is $12.90. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 15.65 and a beta of 2.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 5.22. Kronos Worldwide has a one year low of $9.65 and a one year high of $16.13.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Monday, December 2nd. Kronos Worldwide’s payout ratio is presently 40.68%.

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its position in shares of Kronos Worldwide by 356.3% in the third quarter. Millennium Management LLC now owns 649,207 shares of the specialty chemicals company’s stock valued at $8,030,000 after buying an additional 506,941 shares in the last quarter. State Street Corp grew its stake in Kronos Worldwide by 0.9% in the 3rd quarter. State Street Corp now owns 612,183 shares of the specialty chemicals company’s stock valued at $7,573,000 after acquiring an additional 5,419 shares during the last quarter. SG Americas Securities LLC grew its stake in Kronos Worldwide by 2.4% in the 3rd quarter. SG Americas Securities LLC now owns 42,652 shares of the specialty chemicals company’s stock valued at $528,000 after acquiring an additional 1,005 shares during the last quarter. Cozad Asset Management Inc. increased its holdings in Kronos Worldwide by 4.8% during the 3rd quarter. Cozad Asset Management Inc. now owns 92,129 shares of the specialty chemicals company’s stock valued at $1,140,000 after acquiring an additional 4,220 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Kronos Worldwide by 12.9% during the 3rd quarter. California Public Employees Retirement System now owns 34,202 shares of the specialty chemicals company’s stock valued at $423,000 after acquiring an additional 3,900 shares in the last quarter. Institutional investors and hedge funds own 19.43% of the company’s stock.

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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Earnings History and Estimates for Kronos Worldwide (NYSE:KRO)

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