Kronos Worldwide (KRO) Concerns Earnings Outcomes

November 25, 2015 Nemes Worldwide News

Kronos Worldwide (NYSE: KRO) announced its earnings outcomes on Friday. The business reported ($0.10) revenues per share for the quarter, missing experts agreement quotes of $0.09 by $0.19, Expert Ratings Network.com reports. The companyBusiness made $336.50 million throughout the quarter, compared with expert price quotes of $339.20 million. The companies revenue was down 18.9 % on a year-over-year basis. During the very same quarter in the prior year, the business earned $0.28 EPS.

In other Kronos Worldwide news, Chairman Steven L. Watson purchased 15,000 shares of the companies stock in a transaction on Monday, September 28th. The shares were acquired at an average expense of $6.06 per share, with a total value of $90,900.00. Following the purchase, the chairman now straight owns 321,352 shares of the business stock, valued at approximately $1,947,393.12. The acquisition was revealed in a legal filing with the SEC, which is readily available at this link. Also, CEO Brien Bobby D. O bought 5,000 shares of the firms stock in a transaction on Tuesday, August 25th. The stock was acquired at a typical cost of $7.20 per share, for an overall transaction of $36,000.00. Following the conclusion of the purchase, the primaryceo now directly has 18,082 shares in the company, valued at $130,190.40. The disclosure for this purchase can be found here.

A number of equities experts have weighed in on KRO shares. Deutsche Bank lowered their rate goal on Kronos Worldwide from $13.00 to $8.00 and set a hold score on the stock in a research report on Tuesday, August 18th. Barclays lowered their cost target on Kronos Worldwide from $11.00 to $8.00 and set an underweight score on the stock in a research report on Friday, August 28th. Finally, Zacks updated Kronos Worldwide from a sell score to a hold rating in a report on Wednesday, October 28th.

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