Kraton Corporation (NYSE:KRA) – Equities researchers at SunTrust Banks dropped their Q3 2017 EPS estimates for shares of Kraton Corporation in a note issued to investors on Tuesday. SunTrust Banks analyst J. Freuchtel now expects that the specialty chemicals company will post earnings of $1.04 per share for the quarter, down from their previous forecast of $1.10. SunTrust Banks has a “Buy” rating and a $55.00 price target on the stock. SunTrust Banks also issued estimates for Kraton Corporation’s Q4 2017 earnings at $0.89 EPS and FY2017 earnings at $2.60 EPS.

KRA has been the subject of a number of other research reports. BidaskClub raised shares of Kraton Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Loop Capital initiated coverage on shares of Kraton Corporation in a research report on Thursday, September 28th. They set a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research downgraded shares of Kraton Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. UBS AG initiated coverage on shares of Kraton Corporation in a research report on Friday, September 29th. They set a “buy” rating and a $65.00 price objective for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of Kraton Corporation in a research report on Friday, September 1st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.75.

WARNING: “SunTrust Banks Analysts Lower Earnings Estimates for Kraton Corporation (KRA)” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/13/suntrust-banks-analysts-lower-earnings-estimates-for-kraton-corporation-kra.html.

Kraton Corporation (NYSE:KRA) last announced its earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.24. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The business had revenue of $525.30 million during the quarter, compared to the consensus estimate of $506.58 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brookfield Asset Management Inc. grew its position in Kraton Corporation by 5.6% in the 2nd quarter. Brookfield Asset Management Inc. now owns 475,000 shares of the specialty chemicals company’s stock worth $16,359,000 after purchasing an additional 25,000 shares during the last quarter. Proxima Capital Management LLC grew its position in Kraton Corporation by 7.7% in the 2nd quarter. Proxima Capital Management LLC now owns 290,700 shares of the specialty chemicals company’s stock worth $10,012,000 after purchasing an additional 20,700 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Kraton Corporation in the 2nd quarter worth about $232,000. TVR Capital Management LP grew its position in Kraton Corporation by 253.3% in the 2nd quarter. TVR Capital Management LP now owns 140,255 shares of the specialty chemicals company’s stock worth $4,831,000 after purchasing an additional 100,555 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Kraton Corporation by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,046 shares of the specialty chemicals company’s stock worth $794,000 after purchasing an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 97.75% of the company’s stock.

In other Kraton Corporation news, SVP James Leo Simmons sold 4,252 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $36.81, for a total value of $156,516.12. Following the completion of the transaction, the senior vice president now owns 25,695 shares in the company, valued at approximately $945,832.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Holger R. Jung sold 21,202 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $39.64, for a total transaction of $840,447.28. Following the completion of the transaction, the senior vice president now owns 48,819 shares of the company’s stock, valued at approximately $1,935,185.16. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by corporate insiders.

Kraton Corporation Company Profile

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 and Estimates for Kraton Corporation (NYSE:KRA)

Receive News & Ratings for Kraton Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton Corporation and related companies with MarketBeat.com's FREE daily email newsletter.