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Kronos Worldwide Hits New 52-Week High on Solid Prospects
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Shares of Kronos Worldwide, Inc. (KRO - Free Report) reached a new 52-week high of $19.32 during its trading session on May 11. This apex improved upon the last 52-week high of $19.02 on May 10.
In the last three months, shares of the company yielded 39.18% return, outperforming the gain of 2.08% seen by the Zacks categorized Chemical Diversified industry.
On May 11, Kronos Worldwide closed its trading session at $18.90, yielding a year-to-date return of roughly 58.3%. The trading volume for the session was 0.73 million shares. Positive earnings estimate revisions for 2017, along with an expected earnings growth rate of 5% for the next five years indicate the stock’s potential for further price appreciation.
Growth Drivers
In three out of last four quarters, Kronos Worldwide reported better-than-expected results while lagging estimates in one. Average earnings surprise was a positive 64.14%. In the recently reported first-quarter 2017 results, the company’s earnings of 32 cents per share surpassed the Zacks Consensus Estimate of 22 cents by 45.45%. The results were driven by higher production and sales volumes, favorable pricing and lower raw material and production expenses.
For 2017, the company anticipates slight year-over-year improvement in production volumes of titanium dioxide pigments (TiO2) on the back of productivity enhancement initiatives while sales volumes are predicted to be in line. Demand for TiO2 products will likely strengthen throughout the year. Income from operations is predicted to be higher from the previous year.
In the long term, Kronos Worldwide anticipates roughly 2–3% increase in demand for TiO2. Also, the company remains committed toward rewarding its shareholders handsomely through dividend payments, reflecting its solid cash position.
Over the last 60 days, the Zacks Consensus Estimate for Kronos Worldwide increased 122.2% to 80 cents for 2017, up 159.14% year over year.
Huntsman Corporation’s earnings estimates for 2017 and 2018 were revised upward over the last 60 days. Also, it’s average earnings surprise for the last four quarters was a positive 20.12%.
Methanex Corporation’s financial performance in the last four quarters was impressive, with an average positive earnings surprise of 36.57%. Also, its earnings estimates for 2017 and 2018 improved over the last 60 days.
BASF SE’s average earnings surprise for the last four quarters was a positive 3.02%. Also, its earnings estimates for 2017 and 2018 improved in the last 60 days.
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Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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Kronos Worldwide Hits New 52-Week High on Solid Prospects
Shares of Kronos Worldwide, Inc. (KRO - Free Report) reached a new 52-week high of $19.32 during its trading session on May 11. This apex improved upon the last 52-week high of $19.02 on May 10.
In the last three months, shares of the company yielded 39.18% return, outperforming the gain of 2.08% seen by the Zacks categorized Chemical Diversified industry.
On May 11, Kronos Worldwide closed its trading session at $18.90, yielding a year-to-date return of roughly 58.3%. The trading volume for the session was 0.73 million shares. Positive earnings estimate revisions for 2017, along with an expected earnings growth rate of 5% for the next five years indicate the stock’s potential for further price appreciation.
Growth Drivers
In three out of last four quarters, Kronos Worldwide reported better-than-expected results while lagging estimates in one. Average earnings surprise was a positive 64.14%. In the recently reported first-quarter 2017 results, the company’s earnings of 32 cents per share surpassed the Zacks Consensus Estimate of 22 cents by 45.45%. The results were driven by higher production and sales volumes, favorable pricing and lower raw material and production expenses.
For 2017, the company anticipates slight year-over-year improvement in production volumes of titanium dioxide pigments (TiO2) on the back of productivity enhancement initiatives while sales volumes are predicted to be in line. Demand for TiO2 products will likely strengthen throughout the year. Income from operations is predicted to be higher from the previous year.
In the long term, Kronos Worldwide anticipates roughly 2–3% increase in demand for TiO2. Also, the company remains committed toward rewarding its shareholders handsomely through dividend payments, reflecting its solid cash position.
Over the last 60 days, the Zacks Consensus Estimate for Kronos Worldwide increased 122.2% to 80 cents for 2017, up 159.14% year over year.
Kronos Worldwide Inc Price and Consensus
Kronos Worldwide Inc Price and Consensus | Kronos Worldwide Inc Quote
Zacks Rank & Key Picks
With a market capitalization of $2.19 billion, Kronos Worldwide currently sports a Zacks Rank #1 (Strong Buy). Other stocks worth considering in the industry include Huntsman Corporation (HUN - Free Report) , Methanex Corporation (MEOH - Free Report) and BASF SE (BASFY - Free Report) , each boasting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Huntsman Corporation’s earnings estimates for 2017 and 2018 were revised upward over the last 60 days. Also, it’s average earnings surprise for the last four quarters was a positive 20.12%.
Methanex Corporation’s financial performance in the last four quarters was impressive, with an average positive earnings surprise of 36.57%. Also, its earnings estimates for 2017 and 2018 improved over the last 60 days.
BASF SE’s average earnings surprise for the last four quarters was a positive 3.02%. Also, its earnings estimates for 2017 and 2018 improved in the last 60 days.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.