Kronos Worldwide (NYSE:KRO – Get Free Report) issued its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04), Zacks reports. The business had revenue of $500.50 million for the quarter, compared to analyst estimates of $504.19 million. Kronos Worldwide had a negative return on equity of 3.13% and a negative net margin of 1.50%.
Kronos Worldwide Stock Performance
Shares of NYSE KRO traded down $0.02 during mid-day trading on Friday, hitting $10.56. The stock had a trading volume of 198,772 shares, compared to its average volume of 249,017. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 3.68. The company has a 50 day moving average of $12.48 and a two-hundred day moving average of $11.54. Kronos Worldwide has a twelve month low of $6.16 and a twelve month high of $14.50. The firm has a market cap of $1.21 billion, a PE ratio of -45.91 and a beta of 1.19.
Kronos Worldwide Cuts Dividend
The company 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. This represents a $0.20 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, September 6th. Kronos Worldwide’s payout ratio is -86.96%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on KRO
Kronos Worldwide 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.
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