Kronos Worldwide (NYSE:KRO) issued its earnings results on Monday, March 11th. The specialty chemicals company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01), Fidelity Earnings reports. Kronos Worldwide had a return on equity of 24.22% and a net margin of 12.34%. The company had revenue of $349.40 million for the quarter, compared to analyst estimates of $378.00 million.
Shares of KRO traded up $0.20 on Wednesday, hitting $14.37. 139,300 shares of the stock traded hands, compared to its average volume of 368,542. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.01 and a current ratio of 5.15. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.90 and a beta of 2.02. Kronos Worldwide has a 1 year low of $10.51 and a 1 year high of $25.95.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, March 5th were paid a dividend of $0.18 per share. This is an increase from Kronos Worldwide’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, March 4th. This represents a $0.72 annualized dividend and a dividend yield of 5.01%. Kronos Worldwide’s dividend payout ratio is presently 40.68%.
An institutional investor recently raised its position in Kronos Worldwide stock. Geode Capital Management LLC boosted its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,081 shares of the specialty chemicals company’s stock after purchasing an additional 11,864 shares during the period. Geode Capital Management LLC owned approximately 0.21% of Kronos Worldwide worth $2,764,000 at the end of the most recent reporting period. 20.83% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine raised shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $25.33.
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.