Kraton Corp (NYSE:KRA) – Research analysts at KeyCorp issued their Q2 2018 earnings estimates for shares of Kraton in a research report issued to clients and investors on Tuesday. KeyCorp analyst M. Sison expects that the specialty chemicals company will earn $1.05 per share for the quarter.
Kraton (NYSE:KRA) last posted its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.57. The firm had revenue of $510.90 million during the quarter, compared to analysts’ expectations of $481.77 million. Kraton had a net margin of 1.27% and a return on equity of 14.19%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS.
Several other research firms have also recently weighed in on KRA. Zacks Investment Research cut shares of Kraton from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. TheStreet cut shares of Kraton from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. ValuEngine upgraded shares of Kraton from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. UBS Group raised their price objective on shares of Kraton from $28.00 to $30.00 and gave the company a “sell” rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks restated a “buy” rating and issued a $55.00 price objective (up previously from $45.00) on shares of Kraton in a research report on Wednesday, October 11th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $51.50.
Shares of Kraton (KRA) opened at $50.81 on Thursday. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.27 and a quick ratio of 1.19. The firm has a market cap of $1,560.43, a PE ratio of 66.86 and a beta of 1.19. Kraton has a 1 year low of $25.09 and a 1 year high of $53.39.
In other news, Director Barry J. Goldstein sold 16,651 shares of Kraton stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $49.15, for a total transaction of $818,396.65. Following the completion of the sale, the director now owns 42,323 shares in the company, valued at approximately $2,080,175.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP James Leo Simmons sold 6,950 shares of Kraton stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $47.39, for a total transaction of $329,360.50. Following the sale, the senior vice president now owns 25,000 shares of the company’s stock, valued at approximately $1,184,750. The disclosure for this sale can be found here. In the last quarter, insiders have sold 198,454 shares of company stock valued at $9,645,791. 4.71% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in shares of Kraton during the 4th quarter worth approximately $241,000. Acadian Asset Management LLC acquired a new stake in shares of Kraton during the 4th quarter worth approximately $2,230,000. Rubric Capital Management LP grew its position in shares of Kraton by 509.1% during the 3rd quarter. Rubric Capital Management LP now owns 607,952 shares of the specialty chemicals company’s stock worth $24,586,000 after buying an additional 508,140 shares during the period. Algert Global LLC acquired a new stake in shares of Kraton during the 3rd quarter worth approximately $495,000. Finally, Uniplan Investment Counsel Inc. grew its holdings in Kraton by 45.8% during the third quarter. Uniplan Investment Counsel Inc. now owns 237,590 shares of the specialty chemicals company’s stock valued at $9,608,000 after purchasing an additional 74,590 shares during the period. Institutional investors own 97.46% of the company’s stock.
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Kraton Company Profile
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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