Kronos Worldwide (NYSE:KRO – Get Free Report) issued its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04), Zacks reports. Kronos Worldwide had a negative net margin of 1.50% and a negative return on equity of 3.13%. The firm had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $504.19 million.
Kronos Worldwide Price Performance
Shares of KRO stock traded down $0.02 during mid-day 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 50 day moving average price is $12.48 and its 200-day moving average price is $11.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.68 and a quick ratio of 1.90. The company has a market capitalization of $1.21 billion, a P/E ratio of -45.91 and a beta of 1.19.
Kronos Worldwide Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, September 6th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, September 6th. Kronos Worldwide’s dividend payout ratio (DPR) is presently -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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