Kraton (KRA) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Kraton (NYSE:KRA) issued its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03, RTT News reports. The company had revenue of $465.97 million for the quarter, compared to analysts’ expectations of $437.75 million. Kraton had a return on equity of 14.19% and a net margin of 1.27%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share.

Kraton (NYSE:KRA) traded up $0.94 during trading on Tuesday, reaching $50.79. The company’s stock had a trading volume of 341,439 shares, compared to its average volume of 258,475. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 2.85. Kraton has a twelve month low of $25.09 and a twelve month high of $53.39. The company has a market capitalization of $1,570.00, a P/E ratio of 65.96 and a beta of 1.13.

In other Kraton news, insider Kevin Michael Fogarty sold 1,042 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $50.00, for a total value of $52,100.00. Following the sale, the insider now directly owns 197,731 shares of the company’s stock, valued at $9,886,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.71% of the company’s stock.

Several equities research analysts recently weighed in on the company. UBS Group upped their price target on Kraton from $28.00 to $30.00 and gave the stock a “sell” rating in a research note on Wednesday, October 25th. ValuEngine raised Kraton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Kraton from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, TheStreet downgraded Kraton from a “b-” rating to a “c” rating in a report 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. Kraton currently has a consensus rating of “Hold” and an average price target of $51.50.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at

About Kraton

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.

Earnings History for Kraton (NYSE:KRA)

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's FREE daily email newsletter.

Leave a Reply