Kraton Performance Polymers (KRA) Announces Quarterly Earnings, Beats Estimates By $0.15 EPS
Kraton Performance Polymers (NYSE:KRA) released its earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.15, Analyst Ratings Network.com reports. The company had revenue of $327.10 million for the quarter, compared to the consensus estimate of $328.20 million. During the same quarter in the previous year, the company posted ($0.48) earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis.
Shares of Kraton Performance Polymers (NYSE:KRA) opened at 20.35 on Thursday. Kraton Performance Polymers has a one year low of $18.53 and a one year high of $28.26. The stock’s 50-day moving average is $19.66 and its 200-day moving average is $20.24. The company’s market cap is $661.9 million.
A number of analysts have recently weighed in on KRA shares. Analysts at Zacks downgraded shares of Kraton Performance Polymers from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $18.80 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Kraton Performance Polymers presently has a consensus rating of “Hold” and an average price target of $25.26.
Kraton Performance Polymers, Inc, is a producer of styrenic block copolymers (NYSE:KRA) and other engineered polymers.
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