KRONOS Worldwide
About: Kronos Worldwide Inc manufactures and sells titanium dioxide pigments. Titanium dioxide is a white inorganic pigment used in a variety of products. The majority of Kronos' sales come from titanium dioxide used for coatings on automobiles, aircraft, machines, appliances, traffic paint, and in both commercial and residential interiors and exteriors. The second-largest product category is titanium dioxide used for plastics such as packaging materials and food packaging, houseware, appliances, toys, and computer cases. The majority of revenue comes from the United States.
Employees: 2,196
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
5,963% more call options, than puts
Call options by funds: $970K | Put options by funds: $16K
29% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 38
17% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 24
3% more funds holding
Funds holding: 138 [Q2] → 142 (+4) [Q3]
4% more capital invested
Capital invested by funds: $210M [Q2] → $217M (+$7.4M) [Q3]
0.63% more ownership
Funds ownership: 14.55% [Q2] → 15.18% (+0.63%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$10
2%
upside
Avg. target
$10
2%
upside
High target
$10
2%
upside
1 analyst rating
0 positive
0%
0 neutral
0%
1 negative
100%
Barclays Michael Leithead 37% 1-year accuracy 7 / 19 met price target | 2%upside $10 | Underweight Maintained | 25 Sept 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
1 month ago
Kronos Worldwide's Earnings Surpass Estimates in Q3, Sales Lag
Higher sales volumes as a result of stronger demand for TiO2 in all major markets drive of KRO's top line in Q3.
Positive
Zacks Investment Research
1 month ago
Kronos Worldwide (KRO) Beats Q3 Earnings Estimates
Kronos Worldwide (KRO) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.18 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
KRONOS WORLDWIDE, INC. REPORTS THIRD QUARTER 2024 RESULTS
Dallas, Texas, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Kronos Worldwide, Inc. (NYSE:KRO) today reported net income of $71.8 million, or $.62 per share, in the third quarter of 2024 compared to a net loss of $20.4 million, or $.18 per share, in the third quarter of 2023. For the first nine months of 2024, Kronos Worldwide reported net income of $99.4 million, or $.86 per share, compared to a net loss of $43.8 million, or $.38 per share, in the first nine months of 2023. Net income increased in the third quarter and first nine months of 2024 compared to the same periods in 2023 due to higher income from operations as a result of the effects of higher sales and production volumes, lower production costs (primarily energy and raw materials), partially offset by lower average TiO2 selling prices. Comparability of our results was also impacted by the effects of changes in currency exchange rates. Our results of operations in the first nine months of 2023 were significantly impacted by reduced demand for certain of our products in all major markets and unabsorbed fixed production and other costs due to reduced production volumes. Demand has improved in all of our major markets in the first nine months of 2024 and production volumes have increased, contributing to our improved profitability. As previously reported, effective July 16, 2024, we acquired the 50% joint venture interest in Louisiana Pigment Company, L.P. (“LPC”) previously held by Venator Investments, Ltd. Prior to the acquisition, we held a 50% joint venture interest in LPC. Following the acquisition, LPC became a wholly-owned subsidiary of ours. We accounted for the acquisition as a business combination. The results of operations of LPC have been included in our results of operations beginning as of the acquisition date. Net income for the third quarter and first nine months of 2024 includes the recognition of a non-cash gain of $64.5 million ($51.0 million, or $.44 per share, net of income tax expense) associated with the remeasurement of our investment in LPC as a result of the acquisition.
Neutral
GlobeNewsWire
1 month ago
KRONOS WORLDWIDE, INC. ANNOUNCES QUARTERLY DIVIDEND
Dallas, Texas, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kronos Worldwide, Inc. (NYSE: KRO) announced that its board of directors has declared a regular quarterly dividend of five cents ($0.05) per share on its common stock, payable on December 12, 2024 to stockholders of record at the close of business on November 29, 2024.
Positive
Zacks Investment Research
3 months ago
Here's Why You Should Buy Kronos Worldwide Stock Right Now
KRO gains on higher demand for TiO2, increased selling prices and its actions to reduce costs.
Positive
Zacks Investment Research
3 months ago
4 High Earnings Yield Value Stocks That Investors May Buy Now
Stocks with higher earnings yields are undervalued, while lower yields suggest overpricing. WWW, PRAA, GLDD and KRO are strong value picks due to their earnings yield strength.
Positive
Zacks Investment Research
3 months ago
Why Is Kronos Worldwide (KRO) Up 5.6% Since Last Earnings Report?
Kronos Worldwide (KRO) reported earnings 30 days ago. What's next for the stock?
Positive
Zacks Investment Research
3 months ago
Is Kronos Worldwide (KRO) Stock Outpacing Its Basic Materials Peers This Year?
Here is how Kronos Worldwide (KRO) and Lundin Mining (LUNMF) have performed compared to their sector so far this year.
Positive
Zacks Investment Research
3 months ago
Kronos Worldwide's Shares Rally 31% in 6 Months: Here's Why
KRO gains on healthy demand for TiO2 in major markets, actions to increase selling prices and internal cost initiatives.
Positive
Zacks Investment Research
4 months ago
Why You Should Add Kronos Worldwide (KRO) to Your Portfolio Now
Kronos Worldwide (KRO) benefits from higher demand for TiO2, increased selling prices and its actions to reduce costs.
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