Kraton Corporation (NYSE:KRA) – Equities researchers at KeyCorp dropped their Q4 2017 earnings per share (EPS) estimates for Kraton Corporation in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst M. Sison now anticipates that the specialty chemicals company will post earnings of $0.70 per share for the quarter, down from their prior forecast of $0.71. KeyCorp currently has a “Hold” rating on the stock.
Several other analysts have also recently issued reports on the company. Zacks Investment Research cut Kraton Corporation from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 13th. Loop Capital started coverage on Kraton Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $65.00 price objective on the stock. BidaskClub upgraded Kraton Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. UBS AG started coverage on Kraton Corporation in a research note on Friday, September 29th. They set a “buy” rating and a $65.00 price objective on the stock. Finally, TheStreet cut Kraton Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $51.50.
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Kraton Corporation (NYSE KRA) traded down $0.26 during trading hours on Friday, hitting $48.44. The company had a trading volume of 364,500 shares, compared to its average volume of 324,939. Kraton Corporation has a fifty-two week low of $25.09 and a fifty-two week high of $51.23. The firm has a market capitalization of $1,524.12, a PE ratio of 19.72 and a beta of 1.21. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.19 and a current ratio of 2.27.
Kraton Corporation (NYSE:KRA) last released its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.57. Kraton Corporation had a return on equity of 14.19% and a net margin of 1.27%. The business had revenue of $510.90 million for the quarter, compared to analysts’ expectations of $481.77 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 12.5% compared to the same quarter last year.
In other news, Director Barry J. Goldstein sold 16,651 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $49.15, for a total transaction of $818,396.65. Following the completion of the transaction, the director now directly owns 42,323 shares of the company’s stock, valued at $2,080,175.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Holger R. Jung sold 21,202 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 48,819 shares of the company’s stock, valued at $1,935,185.16. The disclosure for this sale can be found here. Insiders have sold 218,614 shares of company stock valued at $10,434,139 over the last ninety days. Corporate insiders own 5.01% of the company’s stock.
A number of hedge funds have recently modified their holdings of KRA. Russell Investments Group Ltd. bought a new position in Kraton Corporation in the 1st quarter worth approximately $710,000. Swiss National Bank grew its holdings in Kraton Corporation by 2.6% in the 1st quarter. Swiss National Bank now owns 51,100 shares of the specialty chemicals company’s stock worth $1,580,000 after buying an additional 1,300 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Kraton Corporation by 4.7% in the 1st quarter. Ameriprise Financial Inc. now owns 162,055 shares of the specialty chemicals company’s stock worth $5,011,000 after buying an additional 7,324 shares in the last quarter. Prudential Financial Inc. grew its holdings in Kraton Corporation by 3.1% in the 1st quarter. Prudential Financial Inc. now owns 88,234 shares of the specialty chemicals company’s stock worth $2,728,000 after buying an additional 2,690 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Kraton Corporation by 1.3% in the 1st quarter. Arizona State Retirement System now owns 16,106 shares of the specialty chemicals company’s stock worth $498,000 after buying an additional 200 shares in the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.
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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