Kronos Worldwide (NYSE:KRO) posted its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.49), Briefing.com reports. Kronos Worldwide had a net margin of 14.81% and a return on equity of 40.78%. The business had revenue of $410.30 million during the quarter, compared to the consensus estimate of $467.00 million. During the same period last year, the firm earned $0.64 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis.
Shares of NYSE KRO traded down $2.69 during midday trading on Thursday, hitting $13.12. The company’s stock had a trading volume of 80,277 shares, compared to its average volume of 444,477. Kronos Worldwide has a one year low of $13.06 and a one year high of $29.49. The company has a quick ratio of 3.08, a current ratio of 4.64 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.79 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of 0.45 and a beta of 2.38.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Tuesday, December 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Monday, December 3rd. Kronos Worldwide’s dividend payout ratio (DPR) is currently 36.17%.
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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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