Kraton (NYSE:KRA) will be issuing its quarterly earnings data after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Kraton (NYSE:KRA) last released its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.08 by $0.22. Kraton had a net margin of 12.08% and a return on equity of 3.64%. The business had revenue of $355.68 million for the quarter, compared to the consensus estimate of $370.70 million. On average, analysts expect Kraton to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Kraton stock opened at $27.53 on Tuesday. The stock has a market cap of $877.19 million, a PE ratio of 4.49 and a beta of 2.87. The firm has a fifty day moving average price of $21.41 and a 200 day moving average price of $16.37. Kraton has a 1 year low of $4.45 and a 1 year high of $31.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.84 and a quick ratio of 0.85.
A number of equities analysts have weighed in on the company. Loop Capital lifted their price objective on Kraton from $29.00 to $45.00 in a research note on Friday, October 16th. Zacks Investment Research cut Kraton from a “buy” rating to a “hold” rating in a research report on Tuesday. Truist upped their price objective on Kraton from $20.00 to $25.00 in a research report on Tuesday, October 6th. Finally, ValuEngine raised shares of Kraton from a “hold” rating to a “buy” rating in a report on Tuesday, September 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $23.33.
Kraton Company Profile
Kraton Corporation manufactures and sells styrenic block copolymers, specialty polymers, and other products 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 for paving and roofing application; styrene-isoprene-styrene for personal care application; ethylene-vinyl acetate, polyolefins, and metallocene polyolefins for adhesives application; 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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