Kronos Worldwide (KRO) Releases Earnings Results, Misses Estimates By $0.01 EPS

Kronos Worldwide (NYSE:KRO) issued its earnings results on Monday. The specialty chemicals company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01), Fidelity Earnings reports. Kronos Worldwide had a return on equity of 33.77% and a net margin of 12.94%. The company had revenue of $349.40 million for the quarter, compared to the consensus estimate of $378.00 million.

KRO stock opened at $14.65 on Tuesday. Kronos Worldwide has a 52 week low of $10.51 and a 52 week high of $25.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.96 and a quick ratio of 3.17. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Tuesday, March 5th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 4th. This represents a $0.72 annualized dividend and a yield of 4.91%. This is a positive change from Kronos Worldwide’s previous quarterly dividend of $0.17. Kronos Worldwide’s dividend payout ratio (DPR) is 36.17%.

Several equities analysts have commented on the stock. ValuEngine upgraded shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.33.

An institutional investor recently raised its position in Kronos Worldwide stock. Geode Capital Management LLC raised its holdings in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 240,081 shares of the specialty chemicals company’s stock after purchasing an additional 11,864 shares during the quarter. Geode Capital Management LLC owned 0.21% of Kronos Worldwide worth $2,764,000 as of its most recent filing with the Securities & Exchange Commission. 19.72% of the stock is owned by institutional investors and hedge funds.

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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, 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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