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6 Reasons to Add Kronos Worldwide Stock to Your Portfolio
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Kronos Worldwide's (KRO - Free Report) stock looks promising at the moment. The company, currently carrying a Zacks Rank #1 (Strong Buy), has seen its shares shoot up roughly 63% year to date. If you haven’t taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead.
Let’s delve deeper into the factors that make this chemical maker an attractive investment option.
What’s Working in Favor of Kronos?
An Outperformer: Kronos has significantly outperformed the industry it belongs to over a year. The company’s shares have gained a whopping 142.5% over this period, compared with roughly 16.2% gain recorded by the industry.
Estimates Moving Up: Annual estimates for Kronos have moved north over the past three months, reflecting analysts’ confidence on the stock. Over this period, the Zacks Consensus Estimate for 2017 has increased by around 11.9% to $1.41 per share. The Zacks Consensus Estimate for 2018 has also moved up 42.7% over the same timeframe to $1.77.
Positive Earnings Surprise History: Kronos has outpaced the Zacks Consensus Estimate in three of the trailing four quarters, delivering a positive average earnings surprise of 76.05%.
Healthy Growth Prospects: The Zacks Consensus Estimate for earnings for 2017 is currently pegged at $1.41, reflecting an expected year-over-year growth of 354.8%. Moreover, earnings are expected to register a 25.5% growth in 2018. The stock also has a long-term (3-5 years) expected earnings per share growth rate of 5%.
Superior Return on Equity (ROE): Kronos’s ROE of 24.7%, as compared with the industry average of 22.9%, manifests the company’s efficiency in utilizing shareholder’s funds.
Upbeat Outlook: Kronos expects its production volumes to be higher in 2017 on a year-over-year basis as production rates this year will be favorably impacted by the implementation of certain productivity-enhancing improvement projects at some facilities. The company saw strong sales volumes during first-half 2017. It is witnessing strengthening demand for titanium dioxide (TiO2) products in some of its key markets.
The company also envisions income from operations in 2017 will be higher on a year-over-year basis, mainly due to an expected increase in average selling prices and the favorable impact of anticipated higher production volumes in 2017.
Chemours has an expected long-term earnings growth of 15.5%.
Kraton has an expected earnings growth of 7.2% for the current year.
POSCO has an expected long-term earnings growth of 5%.
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6 Reasons to Add Kronos Worldwide Stock to Your Portfolio
Kronos Worldwide's (KRO - Free Report) stock looks promising at the moment. The company, currently carrying a Zacks Rank #1 (Strong Buy), has seen its shares shoot up roughly 63% year to date. If you haven’t taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead.
Let’s delve deeper into the factors that make this chemical maker an attractive investment option.
What’s Working in Favor of Kronos?
An Outperformer: Kronos has significantly outperformed the industry it belongs to over a year. The company’s shares have gained a whopping 142.5% over this period, compared with roughly 16.2% gain recorded by the industry.
Estimates Moving Up: Annual estimates for Kronos have moved north over the past three months, reflecting analysts’ confidence on the stock. Over this period, the Zacks Consensus Estimate for 2017 has increased by around 11.9% to $1.41 per share. The Zacks Consensus Estimate for 2018 has also moved up 42.7% over the same timeframe to $1.77.
Positive Earnings Surprise History: Kronos has outpaced the Zacks Consensus Estimate in three of the trailing four quarters, delivering a positive average earnings surprise of 76.05%.
Healthy Growth Prospects: The Zacks Consensus Estimate for earnings for 2017 is currently pegged at $1.41, reflecting an expected year-over-year growth of 354.8%. Moreover, earnings are expected to register a 25.5% growth in 2018. The stock also has a long-term (3-5 years) expected earnings per share growth rate of 5%.
Superior Return on Equity (ROE): Kronos’s ROE of 24.7%, as compared with the industry average of 22.9%, manifests the company’s efficiency in utilizing shareholder’s funds.
Upbeat Outlook: Kronos expects its production volumes to be higher in 2017 on a year-over-year basis as production rates this year will be favorably impacted by the implementation of certain productivity-enhancing improvement projects at some facilities. The company saw strong sales volumes during first-half 2017. It is witnessing strengthening demand for titanium dioxide (TiO2) products in some of its key markets.
The company also envisions income from operations in 2017 will be higher on a year-over-year basis, mainly due to an expected increase in average selling prices and the favorable impact of anticipated higher production volumes in 2017.
Kronos Worldwide Inc Price and Consensus
Kronos Worldwide Inc Price and Consensus | Kronos Worldwide Inc Quote
Other Stocks to Consider
Other well-placed companies in the basic materials space include The Chemours Company (CC - Free Report) , Kraton Corporation and POSCO (PKX - Free Report) , all sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours has an expected long-term earnings growth of 15.5%.
Kraton has an expected earnings growth of 7.2% for the current year.
POSCO has an expected long-term earnings growth of 5%.
4 Surprising Tech Stocks to Keep an Eye on
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off.
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