Wall Street analysts expect that Kronos Worldwide, Inc. (NYSE:KRO) will announce $0.39 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kronos Worldwide’s earnings. Kronos Worldwide reported earnings per share of $0.67 in the same quarter last year, which would suggest a negative year over year growth rate of 41.8%. The company is expected to announce its next quarterly earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Kronos Worldwide will report full-year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.22. For the next fiscal year, analysts forecast that the firm will post earnings of $1.48 per share, with EPS estimates ranging from $1.15 to $1.81. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Kronos Worldwide.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Wednesday, May 8th. The specialty chemicals company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. Kronos Worldwide had a net margin of 9.87% and a return on equity of 19.26%. The firm had revenue of $436.50 million during the quarter, compared to the consensus estimate of $398.26 million.

A number of analysts have commented on KRO shares. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a report on Friday, May 17th. ValuEngine upgraded shares of WEX from a “hold” rating to a “buy” rating in a report on Thursday, June 13th.

KRO stock traded up $0.06 during mid-day trading on Tuesday, reaching $13.94. The company’s stock had a trading volume of 177,184 shares, compared to its average volume of 307,684. The stock has a market cap of $1.61 billion, a PE ratio of 7.88, a PEG ratio of 0.81 and a beta of 2.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.93 and a current ratio of 4.99. Kronos Worldwide has a fifty-two week low of $10.51 and a fifty-two week high of $23.05. The company’s 50 day moving average price is $14.32.

A number of hedge funds have recently added to or reduced their stakes in KRO. Alps Advisors Inc. grew its stake in shares of Kronos Worldwide by 5.0% in the 1st quarter. Alps Advisors Inc. now owns 28,886 shares of the specialty chemicals company’s stock valued at $405,000 after buying an additional 1,384 shares during the period. Legal & General Group Plc grew its stake in shares of Kronos Worldwide by 43.3% in the 4th quarter. Legal & General Group Plc now owns 4,660 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 1,408 shares during the period. Northern Trust Corp grew its stake in shares of Kronos Worldwide by 0.5% in the 4th quarter. Northern Trust Corp now owns 363,090 shares of the specialty chemicals company’s stock valued at $4,182,000 after buying an additional 1,783 shares during the period. Raymond James & Associates grew its stake in shares of Kronos Worldwide by 10.5% in the 4th quarter. Raymond James & Associates now owns 20,325 shares of the specialty chemicals company’s stock valued at $234,000 after buying an additional 1,924 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Kronos Worldwide by 35.5% in the 1st quarter. Bank of Montreal Can now owns 10,986 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 2,881 shares during the period. Institutional investors own 20.36% of the company’s stock.

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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