Kronos Worldwide (NYSE:KRO) Posts Earnings Results, Beats Expectations By $0.29 EPS

Key Points

• Kronos Worldwide beat earnings expectations by reporting EPS of ($0.04) versus the consensus estimate of ($0.33), though revenue came in slightly below forecasts at $509.8 million versus $524.0 million.
• The stock traded higher after the report, rising to $7.29 and sitting near its 52-week high of $7.90. The company’s market cap is about $838.4 million.
• Kronos Worldwide also declared a quarterly dividend of $0.05 per share, or $0.20 annually, implying a 2.7% yield. However, analysts remain cautious, with a consensus rating of Strong Sell and an average price target of $6.00.

Kronos Worldwide (NYSE:KRO - Get Free Report) posted its quarterly earnings data on Wednesday. The specialty chemicals company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.29, FiscalAI reports. Kronos Worldwide had a negative return on equity of 14.75% and a negative net margin of 7.12%.The company had revenue of $509.80 million during the quarter, compared to analyst estimates of $524.00 million.

Kronos Worldwide Price Performance

KRO stock traded up $0.24 during mid-day trading on Friday, hitting $7.29. 339,656 shares of the stock were exchanged, compared to its average volume of 340,954. The business has a fifty day moving average price of $6.22 and a 200 day moving average price of $5.51. Kronos Worldwide has a 12 month low of $4.08 and a 12 month high of $7.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.70 and a quick ratio of 0.99. The stock has a market capitalization of $838.39 million, a price-to-earnings ratio of -6.28 and a beta of 1.00.

Kronos Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.20 dividend on an annualized basis and a yield of 2.7%. Kronos Worldwide's dividend payout ratio (DPR) is presently -17.24%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Kronos Worldwide in a report on Friday, March 27th. Zacks Research upgraded shares of Kronos Worldwide from a "strong sell" rating to a "hold" rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Kronos Worldwide from a "sell" rating to a "hold" rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Strong Sell" and a consensus price target of $6.00.

Hedge Funds Weigh In On Kronos Worldwide

A number of large investors have recently modified their holdings of KRO. Boston Partners boosted its stake in Kronos Worldwide by 0.4% in the fourth quarter. Boston Partners now owns 2,961,076 shares of the specialty chemicals company's stock worth $13,092,000 after buying an additional 12,962 shares in the last quarter. Geode Capital Management LLC grew its position in Kronos Worldwide by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 541,095 shares of the specialty chemicals company's stock valued at $2,392,000 after acquiring an additional 8,641 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Kronos Worldwide by 55.8% during the third quarter. Bank of America Corp DE now owns 472,305 shares of the specialty chemicals company's stock worth $2,711,000 after acquiring an additional 169,246 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Kronos Worldwide by 3.1% during the fourth quarter. AQR Capital Management LLC now owns 244,595 shares of the specialty chemicals company's stock worth $1,081,000 after acquiring an additional 7,382 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Kronos Worldwide by 7.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 243,280 shares of the specialty chemicals company's stock worth $1,075,000 after acquiring an additional 17,554 shares during the last quarter. 15.11% of the stock is owned by hedge funds and other institutional investors.

About Kronos Worldwide

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.

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