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Kronos Worldwide, Inc. (NYSE:KRO) Expected to Post Quarterly Sales of $382.14 Million

Last updated on Sunday, October 18, 2020 | 2020 MarketBeat

Wall Street brokerages expect Kronos Worldwide, Inc. (NYSE:KRO) to announce sales of $382.14 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Kronos Worldwide's earnings. The highest sales estimate is $391.00 million and the lowest is $373.28 million. Kronos Worldwide posted sales of $437.40 million in the same quarter last year, which suggests a negative year over year growth rate of 12.6%. The business is expected to announce its next quarterly earnings report on Thursday, November 5th.

According to Zacks, analysts expect that Kronos Worldwide will report full year sales of $1.54 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post sales of $1.71 billion, with estimates ranging from $1.71 billion to $1.72 billion. Zacks' sales averages are an average based on a survey of research analysts that that provide coverage for Kronos Worldwide.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.12. The business had revenue of $386.00 million for the quarter, compared to analysts' expectations of $369.90 million. Kronos Worldwide had a return on equity of 8.98% and a net margin of 4.51%.

KRO has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Kronos Worldwide from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, September 17th. Zacks Investment Research cut Kronos Worldwide from a "buy" rating to a "sell" rating and set a $15.00 price target on the stock. in a research report on Tuesday, October 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Kronos Worldwide presently has a consensus rating of "Hold" and an average price target of $12.25.

KRO opened at $14.16 on Friday. The stock has a market cap of $1.64 billion, a PE ratio of 22.48 and a beta of 1.50. The company has a current ratio of 5.09, a quick ratio of 2.92 and a debt-to-equity ratio of 0.62. Kronos Worldwide has a 1 year low of $6.80 and a 1 year high of $15.09. The stock's 50 day simple moving average is $13.01 and its 200-day simple moving average is $10.85.

Institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP boosted its stake in Kronos Worldwide by 79.0% in the second quarter. Engineers Gate Manager LP now owns 64,439 shares of the specialty chemicals company's stock worth $671,000 after purchasing an additional 28,439 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Kronos Worldwide in the second quarter worth $435,000. Parametric Portfolio Associates LLC boosted its stake in Kronos Worldwide by 30.1% in the first quarter. Parametric Portfolio Associates LLC now owns 203,415 shares of the specialty chemicals company's stock worth $1,717,000 after purchasing an additional 47,030 shares in the last quarter. State Street Corp boosted its stake in Kronos Worldwide by 3.2% in the first quarter. State Street Corp now owns 652,545 shares of the specialty chemicals company's stock worth $5,507,000 after purchasing an additional 20,013 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Kronos Worldwide by 24.8% in the first quarter. Citigroup Inc. now owns 7,743 shares of the specialty chemicals company's stock worth $65,000 after purchasing an additional 1,538 shares in the last quarter. 17.33% of the stock is currently owned by institutional investors.

Kronos Worldwide Company Profile

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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20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio

Almost everyone loves a company that pays strong dividends. Who doesn't like receiving a check every quarter for simply owning a stock--especially if that stock is paying you back 4%, 5% or even 10% of its share price in annual income each year?. In a world where 10-year treasuries are yielding just above 2%, it seems hard to go wrong when buying a stock that's yielding significantly above the going rates on fixed-income assets. Unfortunately, the market rarely offers a free lunch.

While high-yield stocks may have a lot of near-term attractiveness, those same high-yields can often signal significant danger ahead. In some cases, it might mean that the company's dividend will stop growing or won't grow as fast as it used to. Worse yet, the company could cut its dividend, reduce the income you receive from owning the stock and drive down the value of the shares that you own.

4%-plus yields might seem like an easy opportunity to boost the investment income you receive, but high-yield stocks can just as often be a track reading to snare unsuspecting investors. It's not always easy to tell the difference though.

This slideshow highlights 10 high-yield dividend stocks that are paying an unsustainably large percentage of their earnings in the form of a dividend. These companies are all paying out more than 100% of their earnings per share in the form of a dividend, a sign that the advertised high-yield probably won't last.

View the "20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio".

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