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.

COPYRIGHT VIOLATION WARNING: “Kraton Corporation (KRA) Posts Quarterly Earnings Results” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/24/kraton-corporation-kra-posts-quarterly-earnings-results.html.

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.

Earnings History 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.