Kronos Worldwide (NYSE:KRO) Issues Earnings Results

Kronos Worldwide (NYSE:KROGet Free Report) released its quarterly earnings data on Thursday. The specialty chemicals company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.31), Zacks reports. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The firm had revenue of $423.10 million during the quarter, compared to the consensus estimate of $494.19 million.

Kronos Worldwide Price Performance

KRO opened at $7.88 on Friday. The business has a fifty day moving average of $9.29 and a 200 day moving average of $10.62. Kronos Worldwide has a 52-week low of $7.33 and a 52-week high of $14.50. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The stock has a market cap of $905.91 million, a P/E ratio of 9.72 and a beta of 1.16.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, March 11th. Kronos Worldwide’s payout ratio is currently 24.69%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.00.

Check Out Our Latest Analysis on Kronos Worldwide

Kronos Worldwide Company Profile

(Get Free Report)

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company 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.

Recommended Stories

Earnings History for Kronos Worldwide (NYSE:KRO)

Receive News & Ratings for Kronos Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.