Kronos Worldwide (NYSE:KRO – Get Free Report) released its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04), Zacks reports. The firm had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $504.19 million. Kronos Worldwide had a negative net margin of 1.50% and a negative return on equity of 3.13%.
Kronos Worldwide Price Performance
NYSE:KRO traded down $0.02 during midday trading on Friday, hitting $10.56. The company had a trading volume of 198,772 shares, compared to its average volume of 249,017. Kronos Worldwide has a 52-week low of $6.16 and a 52-week high of $14.50. The stock’s fifty day moving average price is $12.48 and its 200-day moving average price is $11.54. The company has a market capitalization of $1.21 billion, a PE ratio of -45.91 and a beta of 1.19. The company has a quick ratio of 1.90, a current ratio of 3.68 and a debt-to-equity ratio of 0.58.
Kronos Worldwide Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, September 6th will be given a $0.05 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.20 annualized dividend and a yield of 1.89%. Kronos Worldwide’s dividend payout ratio (DPR) is presently -86.96%.
Analyst Ratings Changes
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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. 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.
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