Brokerages expect Kronos Worldwide, Inc. (NYSE:KRO) to post sales of $430.28 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kronos Worldwide’s earnings. The lowest sales estimate is $414.56 million and the highest is $446.00 million. Kronos Worldwide reported sales of $410.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.9%. The firm is expected to report its next quarterly earnings results on Wednesday, November 6th.
According to Zacks, analysts expect that Kronos Worldwide will report full year sales of $1.73 billion for the current fiscal year, with estimates ranging from $1.68 billion to $1.77 billion. For the next year, analysts forecast that the business will report sales of $1.84 billion, with estimates ranging from $1.76 billion to $1.93 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Kronos Worldwide.
Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Wednesday, August 7th. The specialty chemicals company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). Kronos Worldwide had a net margin of 6.93% and a return on equity of 13.56%. The firm had revenue of $484.50 million during the quarter, compared to analysts’ expectations of $465.00 million. During the same quarter in the previous year, the company posted $0.67 EPS. Kronos Worldwide’s revenue for the quarter was up 2.7% on a year-over-year basis.
In related news, Vice Chairman Robert D. Graham bought 5,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $10.75 per share, for a total transaction of $53,750.00. Following the completion of the transaction, the insider now directly owns 16,000 shares in the company, valued at approximately $172,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Andrew B. Nace bought 6,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $11.21 per share, for a total transaction of $67,260.00. Following the transaction, the insider now owns 4,475 shares of the company’s stock, valued at $50,164.75. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 13,000 shares of company stock worth $142,010. 0.09% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of KRO. Nuveen Asset Management LLC bought a new position in shares of Kronos Worldwide during the second quarter valued at about $5,711,000. Jane Street Group LLC bought a new position in shares of Kronos Worldwide during the second quarter valued at about $739,000. Cubist Systematic Strategies LLC grew its stake in shares of 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 buying an additional 12,232 shares during the last quarter. Alberta Investment Management Corp grew its stake in shares of Kronos Worldwide by 134.1% during the second quarter. Alberta Investment Management Corp now owns 149,800 shares of the specialty chemicals company’s stock valued at $2,295,000 after buying an additional 85,800 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Kronos Worldwide during the second quarter valued at about $341,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.
Kronos Worldwide stock traded down $0.20 during trading on Friday, hitting $10.43. The stock had a trading volume of 329,193 shares, compared to its average volume of 303,360. Kronos Worldwide has a 1 year low of $10.31 and a 1 year high of $21.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.98 and a current ratio of 4.94. The company’s 50 day moving average price is $13.56. The firm has a market cap of $1.22 billion, a PE ratio of 5.89, a price-to-earnings-growth ratio of 0.72 and a beta of 1.98.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 14th. Investors of record on Thursday, September 5th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.72 annualized dividend and a yield of 6.90%. Kronos Worldwide’s payout ratio is 40.68%.
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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