Kronos Worldwide (NYSE:KRO) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Kronos Worldwide (NYSE:KRO) announced its quarterly earnings results on Thursday. The specialty chemicals company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02), reports. Kronos Worldwide had a net margin of 6.93% and a return on equity of 13.56%. The company had revenue of $437.40 million for the quarter, compared to analyst estimates of $427.54 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Kronos Worldwide’s revenue was up 6.6% on a year-over-year basis.

Shares of NYSE KRO traded up $0.73 during midday trading on Friday, hitting $14.51. The company’s stock had a trading volume of 499,449 shares, compared to its average volume of 285,524. Kronos Worldwide has a 1 year low of $9.65 and a 1 year high of $16.13. The business’s fifty day simple moving average is $12.30 and its two-hundred day simple moving average is $12.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.94 and a quick ratio of 2.98. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 8.20 and a beta of 2.04.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Monday, December 2nd. Kronos Worldwide’s payout ratio is 40.68%.

A number of brokerages have weighed in on KRO. ValuEngine upgraded shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. SunTrust Banks lowered their price objective on shares of Kronos Worldwide from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, October 11th.

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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Earnings History for Kronos Worldwide (NYSE:KRO)

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