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.

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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)

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