Kraton (KRA) Scheduled to Post Quarterly Earnings on Wednesday

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Kraton (NYSE:KRA) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 24th. Analysts expect the company to announce earnings of $1.21 per share for the quarter.

Kraton (NYSE:KRA) last issued its earnings results on Wednesday, July 25th. The specialty chemicals company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The business had revenue of $538.40 million for the quarter, compared to the consensus estimate of $544.78 million. Kraton had a return on equity of 17.62% and a net margin of 3.60%. Kraton’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. On average, analysts expect Kraton to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NYSE:KRA opened at $36.06 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 2.40 and a quick ratio of 1.12. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 12.65 and a beta of 1.27. Kraton has a twelve month low of $35.64 and a twelve month high of $53.99.

In other news, insider Stephen E. Tremblay sold 13,085 shares of the stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $49.50, for a total value of $647,707.50. Following the sale, the insider now directly owns 102,409 shares of the company’s stock, valued at $5,069,245.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen E. Tremblay sold 9,174 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $49.50, for a total transaction of $454,113.00. Following the completion of the sale, the chief financial officer now directly owns 98,498 shares in the company, valued at $4,875,651. The disclosure for this sale can be found here. Insiders have sold 50,007 shares of company stock valued at $2,489,221 in the last quarter. Company insiders own 3.70% of the company’s stock.

KRA has been the subject of a number of research reports. ValuEngine upgraded shares of Kraton from a “hold” rating to a “buy” rating in a research report on Friday, September 21st. Loop Capital set a $76.00 target price on shares of Kraton and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Kraton from a “strong sell” rating to a “hold” rating in a research report on Friday, June 29th. Finally, UBS Group increased their target price on shares of Kraton from $38.00 to $39.00 and gave the stock a “sell” rating in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.00.

About Kraton

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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Earnings History for Kraton (NYSE:KRA)

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