Kronos Worldwide, Inc. [KRO] stock prices are up 6.48% to $11.01 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KRO shares have gain 24.69% over the last week, with a monthly amount glided 24.41%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, KRONOS WORLDWIDE, INC. REPORTS FOURTH QUARTER 2023 RESULTS. In a post published today on Yahoo Finance, Kronos Worldwide, Inc. (NYSE:KRO) today reported a net loss of $5.3 million, or $.05 per share, in the fourth quarter of 2023 compared to a net loss of $19.9 million, or $.18 per share, in the fourth quarter of 2022. For the full year of 2023, Kronos Worldwide reported a net loss of $49.1 million, or $.43 per share, compared to net income of $104.5 million, or $.90 per share for the full year of 2022. Net income increased in the fourth quarter of 2023 as compared to the fourth quarter of 2022 primarily due to higher income from operations as a result of the net effect of higher sales volumes, lower average TiO2 selling prices and lower production costs (primarily raw material costs). Net income decreased in the full year of 2023 as compared to the full year 2022 primarily due to lower income from operations as a result of lower sales volumes, lower average TiO2 selling prices and reduced production volumes. Beginning in the fourth quarter of 2022 and continuing through 2023, we implemented production curtailments in response to a sharp decline in demand for TiO2 products occurring in all major markets. In addition, throughout 2023 we implemented cost reduction initiatives and other strategies designed to improve our long-term cost structure and preserve liquidity. Through these actions we successfully reduced our finished goods inventory levels and maintained significant liquidity, although our results of operations were negatively impacted by certain cost reduction initiatives and the significant unabsorbed fixed production costs incurred due to the curtailments, as discussed further below. Comparability of our results was also impacted by the effects of changes in currency exchange rates.
From an analyst’s perspective:
Kronos Worldwide, Inc. [NYSE: KRO] stock has seen the most recent analyst activity on October 13, 2022, when Goldman initiated its Sell rating and assigned the stock a price target of $9. Previously, Standpoint Research downgraded its rating to Hold on March 28, 2017. On March 14, 2017, Barclays reiterated its Underweight rating and revised its price target to $12 on the stock. Barclays reiterated its Underweight rating and decreased its price target to $8 on August 28, 2015. Deutsche Bank reiterated its recommendation of a Hold and reduced its price target to $8 on August 18, 2015. Barclays started tracking with a Underweight rating for this stock on February 03, 2014, and assigned it a price target of $12. In a note dated May 10, 2013, Deutsche Bank reiterated an Hold rating on this stock and revised its target price from $18 to $16.
The stock price of Kronos Worldwide, Inc. [KRO] has been fluctuating between $6.16 and $10.53 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Kronos Worldwide, Inc. [NYSE: KRO] shares were valued at $11.01 at the most recent close of the market. An investor can expect a potential drop of -18.26% based on the average KRO price forecast.
Analyzing the KRO fundamentals
The Kronos Worldwide, Inc. [NYSE:KRO] reported sales of 1.67B for trailing twelve months, representing a surge of 16.85%. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.06 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.51 points at the first support level, and at 10.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.34, and for the 2nd resistance point, it is at 11.68.
Kronos Worldwide, Inc. [KRO] reported earnings per share of -$0.05 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.14/share, meaning a difference of $0.09 and a surprise factor of 64.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.18 per share as compared to estimates of -$0.06 per share, a difference of -$0.12 representing a surprise of -200.00%.
Ratios To Look Out For
It’s worth pointing out that Kronos Worldwide, Inc. [NYSE:KRO]’s Current Ratio is 3.01. As well, the Quick Ratio is 1.49, while the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 1.57.
Transactions by insiders
Recent insider trading involved NACE ANDREW B, Executive Vice President, that happened on Aug 07 ’23 when 2728.0 shares were purchased. Executive Vice President, NACE ANDREW B completed a deal on May 24 ’23 to buy 4000.0 shares.
