Equities analysts expect Kraton Corp (NYSE:KRA) to report sales of $408.85 million for the current quarter, Zacks reports. Two analysts have issued estimates for Kraton’s earnings, with the highest sales estimate coming in at $423.70 million and the lowest estimate coming in at $394.00 million. Kraton reported sales of $447.78 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.7%. The company is scheduled to announce its next earnings results on Wednesday, February 26th.
On average, analysts expect that Kraton will report full-year sales of $1.80 billion for the current financial year, with estimates ranging from $1.79 billion to $1.82 billion. For the next year, analysts expect that the company will report sales of $1.91 billion, with estimates ranging from $1.89 billion to $1.92 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Kraton.
Kraton (NYSE:KRA) last released its earnings results on Wednesday, October 23rd. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.12). The firm had revenue of $444.22 million for the quarter, compared to analysts’ expectations of $473.49 million. Kraton had a net margin of 4.89% and a return on equity of 14.96%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 EPS.
A number of brokerages have issued reports on KRA. Zacks Investment Research downgraded shares of Kraton from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. UBS Group reduced their price target on shares of Kraton from $25.00 to $17.00 and set a “sell” rating on the stock in a report on Friday, October 11th. Macquarie set a $33.00 price target on shares of Kraton and gave the company a “hold” rating in a report on Friday, October 11th. SunTrust Banks reduced their price target on shares of Kraton from $33.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Finally, ValuEngine downgraded shares of Kraton from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Kraton presently has an average rating of “Sell” and an average price target of $26.40.
Shares of NYSE KRA opened at $24.77 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.97 and a current ratio of 2.26. The company has a market cap of $805.91 million, a P/E ratio of 7.84 and a beta of 2.32. The firm’s fifty day moving average is $26.43 and its two-hundred day moving average is $28.51. Kraton has a 52-week low of $19.13 and a 52-week high of $40.76.
In other Kraton news, CAO Chris H. Russell sold 4,241 shares of Kraton stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $24.46, for a total value of $103,734.86. Following the sale, the chief accounting officer now directly owns 7,413 shares in the company, valued at approximately $181,321.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Melinda Scissors Conley sold 4,493 shares of Kraton stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $25.71, for a total transaction of $115,515.03. Following the completion of the sale, the senior vice president now owns 33,353 shares in the company, valued at $857,505.63. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,230 shares of company stock worth $1,184,927. 3.32% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. BBVA USA Bancshares Inc. increased its holdings in shares of Kraton by 29.2% in the 3rd quarter. BBVA USA Bancshares Inc. now owns 16,384 shares of the specialty chemicals company’s stock worth $528,000 after buying an additional 3,707 shares during the last quarter. Mackay Shields LLC bought a new position in shares of Kraton in the third quarter worth $1,831,000. California Public Employees Retirement System increased its holdings in shares of Kraton by 16.0% in the third quarter. California Public Employees Retirement System now owns 56,454 shares of the specialty chemicals company’s stock worth $1,823,000 after purchasing an additional 7,768 shares during the period. State of Tennessee Treasury Department increased its holdings in shares of Kraton by 11.4% in the third quarter. State of Tennessee Treasury Department now owns 20,943 shares of the specialty chemicals company’s stock worth $676,000 after purchasing an additional 2,144 shares during the period. Finally, Lapides Asset Management LLC increased its holdings in shares of Kraton by 57.8% in the third quarter. Lapides Asset Management LLC now owns 117,900 shares of the specialty chemicals company’s stock worth $3,807,000 after purchasing an additional 43,200 shares during the period. Hedge funds and other institutional investors own 95.93% of the company’s stock.
Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.
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