Kraton Corporation (KRA) Posts Quarterly Earnings Results
Kraton Corporation (NYSE:KRA) posted its quarterly earnings results on Tuesday. The specialty chemicals company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.57, Bloomberg Earnings reports. The firm had revenue of $510.90 million for the quarter, compared to analyst estimates of $481.77 million. Kraton Corporation had a return on equity of 9.52% and a net margin of 2.36%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 EPS.
Kraton Corporation (KRA) traded down 0.64% on Tuesday, hitting $41.98. The company had a trading volume of 378,049 shares. The stock has a market capitalization of $1.31 billion, a PE ratio of 30.14 and a beta of 1.25. The stock has a 50 day moving average of $37.41 and a 200-day moving average of $34.61. Kraton Corporation has a one year low of $24.95 and a one year high of $42.60.
In related news, SVP James Leo Simmons sold 4,252 shares of Kraton Corporation stock in a transaction on Monday, July 31st. The stock was sold at an average price of $36.81, for a total transaction of $156,516.12. Following the sale, the senior vice president now directly owns 25,695 shares in the company, valued at $945,832.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Holger R. Jung sold 21,202 shares of Kraton Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $39.64, for a total value of $840,447.28. Following the sale, the senior vice president now owns 48,819 shares in the company, valued at $1,935,185.16. The disclosure for this sale can be found here. Company insiders own 5.01% of the company’s stock.
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Several research analysts have weighed in on KRA shares. Loop Capital started coverage on Kraton Corporation in a research report on Thursday, September 28th. They set a “buy” rating and a $65.00 price target on the stock. BidaskClub raised Kraton Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. UBS AG started coverage on Kraton Corporation in a research report on Friday, September 29th. They set a “buy” rating and a $65.00 price target on the stock. Zacks Investment Research lowered Kraton Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $55.00 price target (up previously from $45.00) on shares of Kraton Corporation in a research report on Wednesday, October 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Kraton Corporation presently has an average rating of “Buy” and a consensus target price of $58.00.
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.
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