Separately, analysts at Oppenheimer downgraded shares of Kronos Worldwide from an ?outperform? rating to a ?perform? rating in a research note to investors on Thursday.
Shares of Kronos Worldwide traded down 2.29% during mid-day trading on Thursday, hitting $19.60. Kronos Worldwide has a 52-week low of $12.65 and a 52-week high of $25.55. The stock?s 50-day moving average is currently $16.39. The company has a market cap of $2.272 billion and a price-to-earnings ratio of 7.21.
Kronos Worldwide last announced its earnings results on Monday, November 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $472.90 million for the quarter, compared to the consensus estimate of $483.23 million. The company?s revenue for the quarter was down 13.7% on a year-over-year basis. On average, analysts predict that Kronos Worldwide will post $2.03 earnings per share for the current fiscal year.
Kronos Worldwide, Inc. is a global producer and marketer of titanium dioxide pigments (TiO2). The Company, along with its distributors and agents sell and provide technical services for the products to over 4,000 customers in approximately 100 countries, with sales in Europe and North America. To view Zacks? full report, visit www.zacks.com
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