Kraton Corporation (KRA) to Release Quarterly Earnings on Tuesday
Kraton Corporation (NYSE:KRA) is set to issue its quarterly earnings data after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.96 per share for the quarter.
Kraton Corporation (NYSE:KRA) last released its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.24. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The business had revenue of $525.30 million during the quarter, compared to analysts’ expectations of $506.58 million. During the same quarter in the previous year, the company earned $0.63 EPS. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, analysts expect Kraton Corporation to post $2.45 EPS for the current fiscal year and $3.52 EPS for the next fiscal year.
Kraton Corporation (KRA) opened at 41.96 on Tuesday. Kraton Corporation has a 1-year low of $24.95 and a 1-year high of $42.27. The firm has a 50-day moving average of $36.07 and a 200-day moving average of $34.14. The stock has a market cap of $1.31 billion, a PE ratio of 30.12 and a beta of 1.25.
KRA has been the topic of several recent analyst reports. Loop Capital initiated coverage on shares of Kraton Corporation in a research report on Thursday, September 28th. They set a “buy” rating and a $65.00 price objective on the stock. BidaskClub upgraded shares of Kraton Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Zacks Investment Research cut shares of Kraton Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. UBS AG initiated coverage on shares of Kraton Corporation in a research report on Friday, September 29th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $55.00 price target (up previously from $45.00) on shares of Kraton Corporation in a research report on Wednesday, October 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $58.00.
In related news, SVP Holger R. Jung sold 21,202 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $39.64, for a total value of $840,447.28. Following the sale, the senior vice president now owns 48,819 shares in the company, valued at $1,935,185.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James Leo Simmons sold 4,252 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $36.81, for a total transaction of $156,516.12. Following the completion of the sale, the senior vice president now owns 25,695 shares in the company, valued at approximately $945,832.95. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.
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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