Wall Street analysts forecast that Kronos Worldwide, Inc. (NYSE:KRO) will post $378.01 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Kronos Worldwide’s earnings, with the lowest sales estimate coming in at $364.02 million and the highest estimate coming in at $392.00 million. Kronos Worldwide reported sales of $349.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.2%. The business is expected to report its next earnings report on Monday, March 9th.
According to Zacks, analysts expect that Kronos Worldwide will report full-year sales of $1.74 billion for the current financial year, with estimates ranging from $1.72 billion to $1.75 billion. For the next financial year, analysts expect that the business will post sales of $1.80 billion, with estimates ranging from $1.79 billion to $1.80 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Kronos Worldwide.
Kronos Worldwide (NYSE:KRO) last issued its earnings results on Thursday, November 7th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $437.40 million during the quarter, compared to the consensus estimate of $427.54 million. Kronos Worldwide had a return on equity of 11.94% and a net margin of 5.95%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share.
Kronos Worldwide stock traded up $0.04 during midday trading on Monday, reaching $13.42. 10,572 shares of the stock traded hands, compared to its average volume of 279,965. The stock has a market cap of $1.58 billion, a P/E ratio of 7.59 and a beta of 2.07. The stock’s fifty day moving average is $13.27 and its 200-day moving average is $12.90. The company has a quick ratio of 3.31, a current ratio of 5.22 and a debt-to-equity ratio of 0.61. Kronos Worldwide has a 12 month low of $9.65 and a 12 month high of $16.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.72 annualized dividend and a yield of 5.37%. Kronos Worldwide’s dividend payout ratio (DPR) is currently 40.68%.
Large investors have recently modified their holdings of the business. Holocene Advisors LP purchased a new stake in shares of Kronos Worldwide during the 2nd quarter valued at about $184,000. Cubist Systematic Strategies LLC raised its position in Kronos Worldwide by 40,773.3% during the second quarter. Cubist Systematic Strategies LLC now owns 12,262 shares of the specialty chemicals company’s stock valued at $188,000 after purchasing an additional 12,232 shares during the period. Bank of Montreal Can raised its position in Kronos Worldwide by 22.2% during the second quarter. Bank of Montreal Can now owns 13,420 shares of the specialty chemicals company’s stock valued at $205,000 after purchasing an additional 2,434 shares during the period. Tolleson Wealth Management Inc. raised its position in Kronos Worldwide by 7.9% during the second quarter. Tolleson Wealth Management Inc. now owns 20,595 shares of the specialty chemicals company’s stock valued at $316,000 after purchasing an additional 1,500 shares during the period. Finally, Paloma Partners Management Co bought a new stake in shares of Kronos Worldwide in the 2nd quarter valued at approximately $341,000. 19.43% of the stock is owned by institutional investors and hedge funds.
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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