Kraton Corporation (KRA) Earning Somewhat Favorable Media Coverage, Report Finds
News articles about Kraton Corporation (NYSE:KRA) have trended somewhat positive on Sunday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kraton Corporation earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave media stories about the specialty chemicals company an impact score of 45.9979626701907 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Kraton Corporation (NYSE KRA) opened at 33.76 on Friday. The stock has a market cap of $1.05 billion, a P/E ratio of 24.24 and a beta of 1.23. Kraton Corporation has a 12-month low of $24.95 and a 12-month high of $37.50. The stock has a 50 day moving average of $34.83 and a 200 day moving average of $31.57.
Kraton Corporation (NYSE:KRA) last released its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.24. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The firm had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $506.58 million. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts anticipate that Kraton Corporation will post $2.28 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on KRA shares. BidaskClub upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Tuesday, August 1st. UBS AG reissued a “sell” rating and issued a $27.00 target price (up previously from $26.00) on shares of Kraton Corporation in a report on Sunday, June 25th. Finally, TheStreet raised shares of Kraton Corporation from a “c+” rating to a “b-” rating in a report on Thursday, April 27th.
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In other Kraton Corporation news, SVP James Leo Simmons sold 4,252 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $36.81, for a total value of $156,516.12. Following the transaction, the senior vice president now owns 25,695 shares in the company, valued at approximately $945,832.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.01% of the stock is currently owned by company insiders.
About Kraton Corporation
Kraton Corporation, formerly Kraton Performance Polymers, Inc, is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.
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