SunTrust Banks Research Analysts Lower Earnings Estimates for Kronos Worldwide Inc (KRO)

Kronos Worldwide Inc (NYSE:KRO) – Research analysts at SunTrust Banks dropped their Q2 2018 earnings estimates for shares of Kronos Worldwide in a report issued on Wednesday, May 9th. SunTrust Banks analyst J. Sheehan now anticipates that the specialty chemicals company will post earnings per share of $0.77 for the quarter, down from their prior forecast of $0.79. SunTrust Banks also issued estimates for Kronos Worldwide’s Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.72 EPS and FY2019 earnings at $2.57 EPS.

Other research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Saturday, March 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.67.

Shares of Kronos Worldwide opened at $23.58 on Friday, Marketbeat Ratings reports. The firm has a market capitalization of $2.61 billion, a PE ratio of 12.54, a PEG ratio of 1.47 and a beta of 2.36. The company has a quick ratio of 2.94, a current ratio of 4.58 and a debt-to-equity ratio of 0.68. Kronos Worldwide has a twelve month low of $23.39 and a twelve month high of $23.70.

Kronos Worldwide (NYSE:KRO) last announced its earnings results on Monday, March 12th. The specialty chemicals company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.35. The business had revenue of $453.30 million during the quarter, compared to the consensus estimate of $421.00 million. Kronos Worldwide had a net margin of 21.70% and a return on equity of 38.70%.

A number of hedge funds and other institutional investors have recently bought and sold shares of KRO. Renaissance Technologies LLC boosted its stake in Kronos Worldwide by 16.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,117,200 shares of the specialty chemicals company’s stock valued at $28,790,000 after acquiring an additional 159,900 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Kronos Worldwide during the 4th quarter valued at $3,801,000. Assenagon Asset Management S.A. bought a new position in Kronos Worldwide during the 4th quarter valued at $3,789,000. Dimensional Fund Advisors LP boosted its stake in Kronos Worldwide by 11.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,350,208 shares of the specialty chemicals company’s stock valued at $30,826,000 after acquiring an additional 139,252 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Kronos Worldwide by 634.0% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 146,800 shares of the specialty chemicals company’s stock valued at $3,782,000 after acquiring an additional 126,800 shares during the last quarter. Hedge funds and other institutional investors own 16.90% of the company’s stock.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.

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