Kraton Corp (NYSE:KRA) Expected to Announce Earnings of $1.14 Per Share

Wall Street analysts expect Kraton Corp (NYSE:KRA) to announce $1.14 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Kraton’s earnings. The lowest EPS estimate is $1.06 and the highest is $1.29. Kraton reported earnings of $1.02 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.8%. The company is expected to issue its next quarterly earnings report on Wednesday, October 23rd.

On average, 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 forecast that the business will post earnings of $4.49 per share, with EPS estimates ranging from $4.39 to $4.68. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Kraton.

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

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

In related news, SVP Holger R. Jung sold 6,640 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $31.04, for a total transaction of $206,105.60. Following the transaction, the senior vice president now owns 43,738 shares in the company, valued at approximately $1,357,627.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Holger R. Jung sold 13,102 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $30.75, for a total transaction of $402,886.50. Following the transaction, the senior vice president now owns 43,738 shares in the company, valued at approximately $1,344,943.50. The disclosure for this sale can be found here. 3.32% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC bought a new stake in shares of Kraton in the 2nd quarter valued at about $6,166,000. UBS Asset Management Americas Inc. increased its stake in Kraton by 10.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 20,403 shares of the specialty chemicals company’s stock worth $634,000 after purchasing an additional 1,874 shares in the last quarter. Jefferies Group LLC bought a new stake in Kraton during the 2nd quarter worth approximately $931,000. Morgan Stanley increased its stake in Kraton by 94.4% during the 2nd quarter. Morgan Stanley now owns 298,618 shares of the specialty chemicals company’s stock worth $9,278,000 after purchasing an additional 145,015 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Kraton by 29.4% during the 2nd quarter. Bank of America Corp DE now owns 139,176 shares of the specialty chemicals company’s stock worth $4,323,000 after purchasing an additional 31,591 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Shares of KRA traded down $0.11 during trading hours on Thursday, hitting $26.00. The stock had a trading volume of 144,220 shares, compared to its average volume of 226,754. The company’s fifty day moving average price is $29.87. 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 52 week low of $19.13 and a 52 week high of $50.20. The stock has a market capitalization of $864.95 million, a PE ratio of 8.23 and a beta of 2.31.

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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