Kronos Worldwide (KRO) Set to Post Earnings on Thursday

Key Points

• Kronos Worldwide is expected to report quarterly results after Thursday’s market close. Analysts forecast earnings of $0.19 per share on revenue of $537.4 million, compared with $0.13 EPS and $558.1 million in revenue in the prior quarter.
• The company declared a quarterly dividend of $0.05 per share, payable December 10 to shareholders of record November 19. This equates to an annualized dividend of $0.20 and a 2.6% yield.
• Analyst sentiment remains mixed but leans negative, with an average “Reduce” rating and an $8.50 price target. KRO recently opened at $7.65, while its 52-week trading range is $4.08 to $9.17.

Kronos Worldwide (NYSE:KRO - Get Free Report) will likely be posting its results after the market closes on Thursday, November 5th. Analysts expect Kronos Worldwide to announce earnings of $0.19 per share and revenue of $537.40 million for the quarter.

Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. The business had revenue of $558.10 million during the quarter, compared to analysts' expectations of $484.51 million. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%. On average, analysts expect Kronos Worldwide to post $0.35 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.

Kronos Worldwide Price Performance

KRO stock opened at $7.65 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.30 and a quick ratio of 1.55. Kronos Worldwide has a 1 year low of $4.08 and a 1 year high of $9.17. The firm has a market capitalization of $880.51 million, a P/E ratio of -8.05 and a beta of 1.10. The business's 50-day moving average is $8.05 and its two-hundred day moving average is $6.83.

Kronos Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 19th. Kronos Worldwide's dividend payout ratio is presently -21.05%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a "sell" rating and set a $8.00 price objective on shares of Kronos Worldwide in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Kronos Worldwide in a report on Tuesday, October 6th. Wall Street Zen upgraded Kronos Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kronos Worldwide from $6.00 to $9.00 and gave the stock a "buy" rating in a research report on Tuesday, August 25th. Finally, Zacks Research downgraded shares of Kronos Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $8.50.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc NYSE: KRO is a global producer and marketer of titanium dioxide (TiO2) pigments. Its products are sold primarily under the KRONOS brand and are used to provide whiteness, opacity, brightness and protection in paints and coatings, plastics, paper and other manufactured products.

The company also produces certain specialty chemicals, including iron-based products and related inorganic chemicals. Kronos serves industrial customers through manufacturing and distribution operations in North America and Europe, with products marketed to customers in markets around the world.

Kronos Worldwide traces its roots to the early development of commercial titanium dioxide production and is part of the Valhi, Inc corporate family.

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