Kraton Corp (KRA) Expected to Earn Q2 2018 Earnings of $1.05 Per Share
Kraton Corp (NYSE:KRA) – Analysts at KeyCorp issued their Q2 2018 earnings per share estimates for Kraton in a note issued to investors on Tuesday. KeyCorp analyst M. Sison anticipates that the specialty chemicals company will post earnings of $1.05 per share for the quarter.
Other equities research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Kraton from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Kraton from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, October 17th. SunTrust Banks restated a “buy” rating and issued a $55.00 target price (up previously from $45.00) on shares of Kraton in a report on Wednesday, October 11th. They noted that the move was a valuation call. TheStreet lowered shares of Kraton from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Finally, UBS Group assumed coverage on shares of Kraton in a report on Friday, September 29th. They issued a “buy” rating and a $65.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.50.
Kraton (NYSE:KRA) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.57. The firm had revenue of $510.90 million during the quarter, compared to analyst estimates of $481.77 million. Kraton had a net margin of 1.27% and a return on equity of 14.19%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS.
In related news, insider Kevin Michael Fogarty sold 1,042 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $50.00, for a total value of $52,100.00. Following the transaction, the insider now owns 197,731 shares of the company’s stock, valued at approximately $9,886,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James Leo Simmons sold 6,950 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.39, for a total transaction of $329,360.50. Following the completion of the transaction, the senior vice president now directly owns 25,000 shares in the company, valued at approximately $1,184,750. The disclosure for this sale can be found here. Insiders sold a total of 198,454 shares of company stock worth $9,645,791 in the last ninety days. 4.71% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of KRA. Rubric Capital Management LP increased its position in Kraton by 509.1% during the 3rd quarter. Rubric Capital Management LP now owns 607,952 shares of the specialty chemicals company’s stock valued at $24,586,000 after purchasing an additional 508,140 shares during the period. Ameriprise Financial Inc. increased its position in Kraton by 112.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 343,870 shares of the specialty chemicals company’s stock valued at $11,842,000 after purchasing an additional 181,815 shares during the period. BlackRock Inc. increased its position in Kraton by 4.3% during the 2nd quarter. BlackRock Inc. now owns 3,975,623 shares of the specialty chemicals company’s stock valued at $136,919,000 after purchasing an additional 164,103 shares during the period. TVR Capital Management LP increased its position in Kraton by 253.3% during the 2nd quarter. TVR Capital Management LP now owns 140,255 shares of the specialty chemicals company’s stock valued at $4,831,000 after purchasing an additional 100,555 shares during the period. Finally, Uniplan Investment Counsel Inc. increased its position in Kraton by 45.8% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 237,590 shares of the specialty chemicals company’s stock valued at $9,608,000 after purchasing an additional 74,590 shares during the period. 97.46% of the stock is currently owned by institutional investors and hedge funds.
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.
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