Kronos Worldwide, Inc. (KRO) to Post FY2019 Earnings of $0.97 Per Share, SunTrust Banks Forecasts

Kronos Worldwide, Inc. (NYSE:KRO) – Equities research analysts at SunTrust Banks lifted their FY2019 earnings estimates for shares of Kronos Worldwide in a research report issued to clients and investors on Tuesday, March 12th. SunTrust Banks analyst J. Sheehan now forecasts that the specialty chemicals company will earn $0.97 per share for the year, up from their previous forecast of $0.83.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Monday, March 11th. The specialty chemicals company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Kronos Worldwide had a net margin of 12.34% and a return on equity of 24.22%. The business had revenue of $349.40 million for the quarter, compared to analyst estimates of $378.00 million.

Separately, ValuEngine upgraded shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.33.

Kronos Worldwide stock opened at $13.96 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.17 and a current ratio of 5.15. Kronos Worldwide has a 1 year low of $10.51 and a 1 year high of $25.95. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.92 and a beta of 2.03.

Several large investors have recently made changes to their positions in KRO. Northern Trust Corp raised its position in shares of Kronos Worldwide by 2.8% in the 2nd quarter. Northern Trust Corp now owns 350,491 shares of the specialty chemicals company’s stock valued at $7,898,000 after acquiring an additional 9,700 shares during the period. First Trust Advisors LP raised its position in shares of Kronos Worldwide by 25.3% in the 3rd quarter. First Trust Advisors LP now owns 35,441 shares of the specialty chemicals company’s stock valued at $576,000 after acquiring an additional 7,163 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Kronos Worldwide by 96.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 36,234 shares of the specialty chemicals company’s stock valued at $589,000 after acquiring an additional 17,777 shares during the period. WINTON GROUP Ltd raised its position in shares of Kronos Worldwide by 19.4% in the 3rd quarter. WINTON GROUP Ltd now owns 25,496 shares of the specialty chemicals company’s stock valued at $414,000 after acquiring an additional 4,137 shares during the period. Finally, LSV Asset Management raised its position in shares of Kronos Worldwide by 78.4% in the 3rd quarter. LSV Asset Management now owns 4,388,127 shares of the specialty chemicals company’s stock valued at $71,307,000 after acquiring an additional 1,927,760 shares during the period. Institutional investors and hedge funds own 20.83% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, March 5th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.16%. This is an increase from Kronos Worldwide’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, March 4th. Kronos Worldwide’s dividend payout ratio (DPR) is currently 40.68%.

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, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.

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