Kraton Corp to Post Q2 2018 Earnings of $1.05 Per Share, KeyCorp Forecasts (KRA)

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.

ILLEGAL ACTIVITY WARNING: “Kraton Corp to Post Q2 2018 Earnings of $1.05 Per Share, KeyCorp Forecasts (KRA)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2018/01/20/kraton-corp-to-post-q2-2018-earnings-of-1-05-per-share-keycorp-forecasts-kra.html.

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.

Receive News & Ratings for Kraton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply