Kraton Corp (NYSE:KRA) – Research analysts at SunTrust Banks reduced their FY2019 EPS estimates for Kraton in a research note issued to investors on Monday, October 15th. SunTrust Banks analyst J. Sheehan now forecasts that the specialty chemicals company will earn $4.60 per share for the year, down from their previous estimate of $4.72.
Kraton (NYSE:KRA) last released its quarterly earnings results on Wednesday, July 25th. The specialty chemicals company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.12). Kraton had a net margin of 3.60% and a return on equity of 17.62%. The firm had revenue of $538.40 million during the quarter, compared to the consensus estimate of $544.78 million. During the same period in the prior year, the business earned $0.82 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year.
Other equities analysts have also issued research reports about the stock. ValuEngine raised shares of Kraton from a “hold” rating to a “buy” rating in a research report on Friday, September 21st. Loop Capital set a $76.00 target price on shares of Kraton and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research raised shares of Kraton from a “strong sell” rating to a “hold” rating in a research report on Friday, June 29th. Finally, UBS Group boosted their target price on shares of Kraton from $38.00 to $39.00 and gave the stock a “sell” rating in a research report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $57.00.
NYSE:KRA opened at $36.77 on Thursday. Kraton has a 12 month low of $35.64 and a 12 month high of $53.99. The company has a market capitalization of $1.50 billion, a PE ratio of 13.28 and a beta of 1.27. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.12 and a current ratio of 2.40.
In related news, CEO Kevin Michael Fogarty sold 27,748 shares of the business’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $50.00, for a total transaction of $1,387,400.00. Following the transaction, the chief executive officer now owns 273,281 shares of the company’s stock, valued at $13,664,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen E. Tremblay sold 13,085 shares of the business’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $49.50, for a total transaction of $647,707.50. Following the transaction, the insider now directly owns 102,409 shares in the company, valued at approximately $5,069,245.50. The disclosure for this sale can be found here. Insiders have sold 50,007 shares of company stock worth $2,489,221 in the last ninety days. 3.70% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new stake in Kraton during the second quarter worth $176,000. Advisors Asset Management Inc. boosted its stake in Kraton by 11,720.7% during the second quarter. Advisors Asset Management Inc. now owns 182,748 shares of the specialty chemicals company’s stock worth $192,000 after buying an additional 181,202 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in Kraton during the first quarter worth $217,000. Element Capital Management LLC acquired a new stake in Kraton during the first quarter worth $269,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Kraton during the first quarter worth $293,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.
Kraton Company Profile
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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