RMIKronos Worldwide Upgraded To Hold By Zacks (KRO)
Kronos Worldwide (NYSE: KRO) last revealed its quarterly incomes information on Friday, August 7th. The business reported ($0.08) EPS for the quarter, missing out on the Zacks agreement estimate of $0.23 by $0.31. The firm made $360.20 million throughout the quarter, as compared to analyst price quotes of $388.28 million. During the exact same period in the previous year, the company published $0.29 profits per share. The firms profits for the quarter was down 18.8 % on a year-over-year basis. On average, equities experts expect that Kronos Worldwide will post $0.41 revenues per share for the existing year.
The firm likewise just recently proclaimed a quarterly dividend, which will be paid on Thursday, December 17th. Financiers of record on Thursday, December 3rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.63 %. The ex-dividend date of this dividend is Tuesday, December 1st.
A number of other brokerages likewise recently discussed KRO. Barclays decreased their cost target on Kronos Worldwide from $11.00 to $8.00 and set an underweight rating for the business in a research report on Friday, August 28th. Deutsche Bank cut their rate target on Kronos Worldwide from $13.00 to $8.00 and set a hold rating on the stock in a research study note on Tuesday, August 18th.
In other Kronos Worldwide news, Chairman Steven L. Watson acquired 24,500 shares of the stock in a transaction dated Monday, August 10th. The shares were bought at a typical cost of $8.13 per share, with a total value of $199,185.00. The deal was disclosed in a document filed with the Securities amp; Exchange Commission, which is available through this link. Likewise, Chairman Steven L. Watson purchased 15,000 shares of the stock in a transaction dated Monday, September 28th. The stock was obtained at a typical cost of $6.06 per share, for an overall deal of $90,900.00. Following the completion of the transaction, the chairman now owns 321,352 shares of the companys stock, valued at approximately $1,947,393.12. The disclosure for this purchase can be discovered here.
KRONOS Worldwide, Inc. is a United States-based producer of titanium dioxide. Its items make up KRONOS Pigments for Coatings, KRONOS Pigments for KRONOS Particular Levels, Plastics, Titanium Chemicals, Photocatalysts and KRONOS ecochem. It provides technical services for plastics, finishes, paper and paper laminates, and weathering, amongto name a few. Its coatings applications include architectural coatings, commercial coverings and wood protection coverings. Its plastics uses consist of polyolefins/ masterbatches and polystyrene. Its paper makes use of consist of paper pulp, cardboard and product packaging. Its manufactured fiber applications consist of polyester and polyamide. Its other applications consist of concrete and other cementitious device, health, food and appearance, and ceramic, glass and welding sticks. It runs in Leverkusen, Germany; Nordenham, Germany; Varennes, Canada, and Lake Charles, United States, among others.
To obtain a complimentary copy of the research study report on Kronos Worldwide (KRO), click here. For more infoFor more details about research providings from Zacks Financial investment Research, visit Zacks.com
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