Brokerages Expect Kraton Corp (NYSE:KRA) Will Announce Earnings of $0.66 Per Share

Wall Street analysts expect Kraton Corp (NYSE:KRA) to report earnings of $0.66 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kraton’s earnings, with estimates ranging from $0.60 to $0.71. Kraton posted earnings of $1.02 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 35.3%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, October 23rd.

According to Zacks, analysts expect that Kraton will report full year earnings of $3.17 per share for the current fiscal year, with EPS estimates ranging from $3.07 to $3.27. For the next financial year, analysts forecast that the company will post earnings of $3.85 per share, with EPS estimates ranging from $3.82 to $3.87. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Kraton.

Kraton (NYSE:KRA) last issued its quarterly earnings data on Wednesday, July 24th. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.49. The firm had revenue of $495.28 million for the quarter, compared to analyst estimates of $539.35 million. Kraton had a net margin of 5.92% and a return on equity of 17.62%. Kraton’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS.

Several analysts recently issued reports on the stock. ValuEngine upgraded shares of Kraton from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Zacks Investment Research downgraded Kraton from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. SunTrust Banks dropped their target price on Kraton from $33.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Macquarie set a $33.00 target price on Kraton and gave the company a “hold” rating in a research report on Friday, October 11th. Finally, UBS Group dropped their target price on Kraton from $25.00 to $17.00 and set a “sell” rating for the company in a research report on Friday, October 11th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.40.

In other Kraton news, SVP Holger R. Jung sold 6,640 shares of Kraton stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $31.04, for a total value of $206,105.60. Following the completion of the transaction, the senior vice president now directly owns 43,738 shares of the company’s stock, valued at approximately $1,357,627.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Holger R. Jung sold 13,102 shares of Kraton stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $30.75, for a total value of $402,886.50. Following the completion of the transaction, the senior vice president now directly owns 43,738 shares of the company’s stock, valued at $1,344,943.50. The disclosure for this sale can be found here. Insiders own 3.32% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new position in shares of Kraton during the second quarter worth about $59,000. Nisa Investment Advisors LLC grew its position in shares of Kraton by 42.4% during the second quarter. Nisa Investment Advisors LLC now owns 3,360 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 1,000 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Kraton by 838.1% during the third quarter. Meeder Asset Management Inc. now owns 3,593 shares of the specialty chemicals company’s stock worth $115,000 after buying an additional 3,210 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Kraton by 75.7% during the second quarter. Acadian Asset Management LLC now owns 5,047 shares of the specialty chemicals company’s stock worth $157,000 after buying an additional 2,175 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Kraton by 52.3% during the second quarter. Russell Investments Group Ltd. now owns 5,647 shares of the specialty chemicals company’s stock worth $175,000 after buying an additional 1,940 shares in the last quarter. 95.77% of the stock is owned by institutional investors.

KRA traded down $0.11 on Tuesday, hitting $21.96. The company had a trading volume of 227,821 shares, compared to its average volume of 238,849. The firm has a market cap of $699.84 million, a P/E ratio of 6.95 and a beta of 2.37. Kraton has a 1 year low of $19.13 and a 1 year high of $40.76. The company’s fifty day moving average price is $29.04 and its 200 day moving average price is $29.52. The company has a current ratio of 1.89, a quick ratio of 0.82 and a debt-to-equity ratio of 1.85.

Kraton Company Profile

Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.

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