In yesterday’s Wall Street session, Kronos Worldwide Inc. (NYSE:KRO) shares traded at $9.43, down -13.57% from the previous session.
1 analysts cover Kronos Worldwide Inc. (NYSE:KRO), according to research data. The consensus rating among analysts is ‘Sell’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $10.00, we find $11.00. Given the previous closing price of $10.91, this indicates a potential upside of 0.82 percent. KRO stock price is now -13.92% away from the 50-day moving average and -26.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
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Brokers who have rated the stock have averaged $11.00 as their price target over the next twelve months.
With the price target of $9, Goldman recently initiated with Sell rating for Kronos Worldwide Inc. (NYSE: KRO)., while ‘Barclays’ rates the stock as ‘Underweight’.
In other news, Samford Amy A., Executive VP bought 2,000 shares of the company’s stock on Dec 06. The stock was bought for $19,420 at an average price of $9.71. Upon completion of the transaction, the Executive VP now directly owns 2,000 shares in the company, valued at $18860.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, 10% Owner CONTRAN CORP sold 5,900 shares of the business’s stock. A total of $129,446 was realized by selling the stock at an average price of $21.94. A total of 80.97% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KRO stock. A new stake in Kronos Worldwide Inc. shares was purchased by NFJ INVESTMENT GROUP, LLC during the first quarter worth $3,945,000. KG&L CAPITAL MANAGEMENT,LLC invested $1,162,000 in shares of KRO during the first quarter. In the first quarter, INDEXIQ ADVISORS LLC acquired a new stake in Kronos Worldwide Inc. valued at approximately $245,000. PRINCIPAL FINANCIAL GROUP INC acquired a new stake in KRO for approximately $198,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in KRO valued at around $192,000 in the second quarter. In total, there are 203 active investors with 16.20% ownership of the company’s stock.
On Thursday morning Kronos Worldwide Inc. (NYSE: KRO) stock kicked off with the opening price of $10.23. During the past 12 months, Kronos Worldwide Inc. has had a low of $8.48 and a high of $19.78. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 3.80, and a quick ratio of 2.30. The fifty day moving average price for KRO is $10.95 and a two-hundred day moving average price translates $12.79 for the stock.
The latest earnings results from Kronos Worldwide Inc. (NYSE: KRO) was released for Sep, 2022. According to the Specialty Chemicals Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.11 by 0.07. This compares to $0.27 EPS in the same period last year. The net profit margin was 7.50% and return on equity was 17.50% for KRO. The company reported revenue of $342.4 million for the quarter, compared to $496.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.97 percent. For the current quarter, analysts expect KRO to generate $319.81M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/16/2023. Investors who held shares on 03/07/2023 were paid a $0.19 dividend. On an annualized basis, this represents a $0.76 dividend and a 8.06% percent yield. There was an ex-dividend date of 03/06/2023 for this dividend. In terms of dividend payout ratio, KRO is presently at 55.50%.
Kronos Worldwide Inc.(KRO) Company Profile
Kronos Worldwide, Inc. produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company 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. It also produces ilmenite, a raw material used directly as a feedstock by sulfate-process TiO2 plants; iron-based chemicals, which are used as treatment and conditioning agents for industrial effluents and municipal wastewater, as well as in the manufacture of iron pigments, cement, and agricultural products; specialty chemicals for use in the formulation of pearlescent pigments, and production of electroceramic capacitors for cell phones and other electronic devices, as well as for use in pearlescent pigments, natural gas pipe, and other specialty applications. In addition, the company provides technical services for its products. It sells its products under the KRONOS brand through agents and distributors to paint, plastics, decorative laminate, and paper manufacturers. The company was founded in 1916 and is headquartered in Dallas, Texas. Kronos Worldwide, Inc. operates as a subsidiary of Valhi, Inc.
