Brokerages Expect Kraton Corp (NYSE:KRA) Will Post Earnings of $1.14 Per Share

Wall Street analysts predict that Kraton Corp (NYSE:KRA) will report earnings per share of $1.14 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kraton’s earnings, with the lowest EPS estimate coming in at $1.06 and the highest estimate coming in at $1.29. Kraton posted earnings per share of $1.02 in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The firm is scheduled to report its next earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that Kraton will report full year earnings of $4.31 per share for the current financial year, with EPS estimates ranging from $4.24 to $4.40. For the next financial year, analysts expect that the company will post earnings of $4.49 per share, with EPS estimates ranging from $4.39 to $4.68. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Kraton.

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

KRA has been the topic of a number of research reports. TheStreet downgraded shares of Kraton from a “b-” rating to a “c” rating in a research report on Thursday, April 25th. ValuEngine downgraded shares of Kraton from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 25th. SunTrust Banks set a $33.00 target price on shares of Kraton and gave the company a “hold” rating in a research report on Monday, July 15th. Finally, Zacks Investment Research upgraded shares of Kraton from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.25.

Kraton stock traded down $0.11 during trading hours on Thursday, reaching $26.00. 144,220 shares of the company’s stock traded hands, compared to its average volume of 226,754. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.89 and a quick ratio of 0.82. Kraton has a fifty-two week low of $19.13 and a fifty-two week high of $50.20. The company has a market cap of $864.95 million, a price-to-earnings ratio of 8.23 and a beta of 2.31. The business’s 50 day moving average price is $29.87.

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

Several large investors have recently made changes to their positions in KRA. Norges Bank acquired a new stake in shares of Kraton in the 4th quarter valued at approximately $10,300,000. JPMorgan Chase & Co. raised its position in shares of Kraton by 229.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 320,311 shares of the specialty chemicals company’s stock valued at $9,681,000 after acquiring an additional 222,966 shares during the period. Marshall Wace LLP raised its position in shares of Kraton by 239.8% in the 1st quarter. Marshall Wace LLP now owns 292,314 shares of the specialty chemicals company’s stock valued at $9,408,000 after acquiring an additional 206,277 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Kraton in the 2nd quarter valued at approximately $6,166,000. Finally, Invesco Ltd. raised its position in shares of Kraton by 25.2% in the 2nd quarter. Invesco Ltd. now owns 835,483 shares of the specialty chemicals company’s stock valued at $25,958,000 after acquiring an additional 168,065 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Kraton

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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