Equities analysts expect that Kronos Worldwide, Inc. (NYSE:KRO) will report sales of $398.26 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kronos Worldwide’s earnings, with estimates ranging from $384.00 million to $412.52 million. Kronos Worldwide posted sales of $430.40 million in the same quarter last year, which suggests a negative year-over-year growth rate of 7.5%. The company is expected to announce its next earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that Kronos Worldwide will report full-year sales of $1.69 billion for the current fiscal year, with estimates ranging from $1.68 billion to $1.69 billion. For the next year, analysts expect that the business will report sales of $1.79 billion, with estimates ranging from $1.74 billion to $1.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Kronos Worldwide.

Kronos Worldwide (NYSE:KRO) last posted its earnings results on Monday, March 11th. The specialty chemicals company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $349.40 million during the quarter, compared to the consensus estimate of $378.00 million. Kronos Worldwide had a net margin of 12.34% and a return on equity of 24.22%.

Separately, ValuEngine lowered Kronos Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.33.

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in Kronos Worldwide by 202.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,608,225 shares of the specialty chemicals company’s stock worth $18,526,000 after acquiring an additional 1,075,704 shares during the period. Morgan Stanley boosted its position in Kronos Worldwide by 272.7% during the 3rd quarter. Morgan Stanley now owns 674,901 shares of the specialty chemicals company’s stock worth $10,968,000 after acquiring an additional 493,825 shares during the period. Advisors Asset Management Inc. boosted its position in Kronos Worldwide by 164.7% during the 4th quarter. Advisors Asset Management Inc. now owns 485,301 shares of the specialty chemicals company’s stock worth $5,591,000 after acquiring an additional 301,954 shares during the period. Renaissance Technologies LLC boosted its position in Kronos Worldwide by 22.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,578,100 shares of the specialty chemicals company’s stock worth $25,644,000 after acquiring an additional 290,200 shares during the period. Finally, Bank of America Corp DE boosted its position in Kronos Worldwide by 67.8% during the 4th quarter. Bank of America Corp DE now owns 574,870 shares of the specialty chemicals company’s stock worth $6,623,000 after acquiring an additional 232,312 shares during the period. Institutional investors and hedge funds own 20.86% of the company’s stock.

Shares of KRO remained flat at $$14.55 during trading hours on Thursday. The stock had a trading volume of 182,487 shares, compared to its average volume of 347,310. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.85 and a beta of 2.02. The company has a debt-to-equity ratio of 0.61, a current ratio of 5.15 and a quick ratio of 3.01. Kronos Worldwide has a 52 week low of $10.51 and a 52 week high of $25.95.

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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