$0.58 Earnings Per Share Expected for Kraton Corp (KRA) This Quarter

Wall Street analysts expect that Kraton Corp (NYSE:KRA) will announce earnings of $0.58 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Kraton’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.65. Kraton also posted earnings per share of $0.58 during the same quarter last year. The business is scheduled to report its next earnings results after the market closes on Wednesday, April 24th.

According to Zacks, analysts expect that Kraton will report full-year earnings of $3.95 per share for the current financial year, with EPS estimates ranging from $3.81 to $4.05. For the next financial year, analysts expect that the firm will post earnings of $4.60 per share, with EPS estimates ranging from $4.40 to $4.90. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Kraton.

Kraton (NYSE:KRA) last posted its earnings results on Wednesday, February 27th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $447.78 million during the quarter, compared to analysts’ expectations of $476.29 million. Kraton had a net margin of 3.33% and a return on equity of 14.25%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share.

A number of research firms have recently commented on KRA. ValuEngine raised shares of Kraton from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Zacks Investment Research raised shares of Kraton from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 7th. SunTrust Banks lifted their price target on shares of Kraton to $39.00 and gave the company a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. TheStreet raised shares of Kraton from a “c” rating to a “b-” rating in a research report on Wednesday, February 20th. Finally, JPMorgan Chase & Co. began coverage on shares of Kraton in a research report on Tuesday, February 19th. They set a “reduce” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $44.00.

Several large investors have recently modified their holdings of KRA. Texas Permanent School Fund lifted its position in Kraton by 4.2% during the 4th quarter. Texas Permanent School Fund now owns 20,912 shares of the specialty chemicals company’s stock valued at $457,000 after purchasing an additional 849 shares during the period. Legal & General Group Plc increased its stake in shares of Kraton by 1.1% in the 4th quarter. Legal & General Group Plc now owns 75,659 shares of the specialty chemicals company’s stock valued at $1,659,000 after acquiring an additional 852 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Kraton by 2.1% in the 3rd quarter. Teachers Advisors LLC now owns 58,367 shares of the specialty chemicals company’s stock valued at $2,752,000 after acquiring an additional 1,199 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Kraton by 413.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Globeflex Capital L P increased its stake in Kraton by 10.4% during the 4th quarter. Globeflex Capital L P now owns 30,616 shares of the specialty chemicals company’s stock worth $669,000 after purchasing an additional 2,894 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.

Shares of NYSE:KRA traded up $0.08 during trading on Tuesday, reaching $36.49. The stock had a trading volume of 147,778 shares, compared to its average volume of 186,672. Kraton has a 52 week low of $19.13 and a 52 week high of $53.99. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 11.55 and a beta of 2.09. The company has a quick ratio of 0.93, a current ratio of 2.19 and a debt-to-equity ratio of 1.99.

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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