Brokerages Anticipate Kraton Performance Polymers Inc. (KRA) to Announce $0.64 Earnings Per Share
Kraton Performance Polymers Inc. (NYSE:KRA) has been assigned a consensus broker rating score of 3.00 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has issued a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a twelve-month consensus price objective of $41.00 for the company and are forecasting that the company will post $0.64 EPS for the current quarter, according to Zacks. Zacks has also given Kraton Performance Polymers an industry rank of 176 out of 265 based on the ratings given to related companies.
KRA has been the topic of several analyst reports. TheStreet downgraded Kraton Performance Polymers from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Zacks Investment Research downgraded Kraton Performance Polymers from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th.
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In other Kraton Performance Polymers news, VP Melinda Scissors Conley sold 16,002 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $33.20, for a total transaction of $531,266.40. Following the transaction, the vice president now owns 38,264 shares in the company, valued at $1,270,364.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven J. Demetriou sold 1,850 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $30.57, for a total value of $56,554.50. Following the transaction, the director now owns 30,398 shares in the company, valued at approximately $929,266.86. The disclosure for this sale can be found here. Company insiders own 5.01% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. PineBridge Investments L.P. boosted its stake in Kraton Performance Polymers by 9.0% in the second quarter. PineBridge Investments L.P. now owns 3,911 shares of the company’s stock valued at $109,000 after buying an additional 324 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Kraton Performance Polymers by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,228 shares of the company’s stock valued at $118,000 after buying an additional 77 shares in the last quarter. Societe Generale acquired a new stake in Kraton Performance Polymers during the second quarter valued at $120,000. SG Americas Securities LLC acquired a new stake in Kraton Performance Polymers during the second quarter valued at $120,000. Finally, Teacher Retirement System of Texas boosted its stake in Kraton Performance Polymers by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 4,299 shares of the company’s stock valued at $120,000 after buying an additional 516 shares in the last quarter. Institutional investors own 98.19% of the company’s stock.
Kraton Performance Polymers (NYSE:KRA) traded up 1.17% during mid-day trading on Tuesday, reaching $25.89. 1,058,083 shares of the company traded hands. The company has a market capitalization of $800.42 million, a P/E ratio of 7.51 and a beta of 1.61. The stock has a 50 day moving average price of $33.62 and a 200-day moving average price of $29.37. Kraton Performance Polymers has a 52-week low of $13.35 and a 52-week high of $37.50.
Kraton Performance Polymers (NYSE:KRA) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.07. Kraton Performance Polymers had a return on equity of 19.20% and a net margin of 6.79%. The firm earned $454.14 million during the quarter, compared to analyst estimates of $454.01 million. During the same quarter in the prior year, the company posted $0.48 EPS. The company’s quarterly revenue was up 68.8% on a year-over-year basis. Analysts expect that Kraton Performance Polymers will post $2.75 EPS for the current fiscal year.
Kraton Performance Polymers Company Profile
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. It operates through the manufacturing and marketing of engineered polymers segment.
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