Kronos Worldwide Inc (NYSE:KRO) – Equities researchers at SunTrust Banks boosted their FY2018 earnings per share (EPS) estimates for Kronos Worldwide in a research report issued on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst J. Sheehan now expects that the specialty chemicals company will post earnings of $2.73 per share for the year, up from their previous forecast of $2.30.
Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $24.67.
Shares of KRO traded down $0.85 during midday trading on Friday, reaching $21.75. The stock had a trading volume of 296,406 shares, compared to its average volume of 495,143. Kronos Worldwide has a 1-year low of $14.84 and a 1-year high of $29.49. The company has a current ratio of 4.59, a quick ratio of 2.94 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $2,619.39, a price-to-earnings ratio of 11.57, a PEG ratio of 1.48 and a beta of 2.37.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Kronos Worldwide by 8.6% during the 4th quarter. BlackRock Inc. now owns 1,459,953 shares of the specialty chemicals company’s stock worth $37,623,000 after acquiring an additional 115,654 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Kronos Worldwide by 11.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,350,208 shares of the specialty chemicals company’s stock worth $30,826,000 after acquiring an additional 139,252 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Kronos Worldwide by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 1,185,691 shares of the specialty chemicals company’s stock valued at $27,069,000 after purchasing an additional 34,857 shares during the period. Renaissance Technologies LLC increased its stake in Kronos Worldwide by 16.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,117,200 shares of the specialty chemicals company’s stock valued at $28,790,000 after purchasing an additional 159,900 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Kronos Worldwide by 10.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 719,527 shares of the specialty chemicals company’s stock valued at $18,542,000 after purchasing an additional 68,013 shares during the period. Hedge funds and other institutional investors own 16.91% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, March 6th were paid a dividend of $0.17 per share. This is a positive change from Kronos Worldwide’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.13%. The ex-dividend date was Monday, March 5th. Kronos Worldwide’s dividend payout ratio (DPR) is currently 36.17%.
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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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