Equities Analysts Offer Predictions for Kraton Corp’s Q1 2018 Earnings (KRA)

Kraton Corp (NYSE:KRA) – Investment analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Kraton in a research report issued to clients and investors on Tuesday. KeyCorp analyst M. Sison forecasts that the specialty chemicals company will post earnings of $0.70 per share for the quarter. KeyCorp also issued estimates for Kraton’s Q3 2018 earnings at $1.00 EPS and Q4 2018 earnings at $0.65 EPS.

Kraton (NYSE:KRA) last issued its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.57. The business had revenue of $510.90 million for the quarter, compared to analysts’ expectations of $481.77 million. Kraton had a net margin of 1.27% and a return on equity of 14.19%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS.

KRA has been the topic of several other research reports. Loop Capital began coverage on shares of Kraton in a research note on Thursday, September 28th. They set a “buy” rating and a $65.00 price target on the stock. UBS Group lifted their price target on shares of Kraton from $28.00 to $30.00 and gave the stock a “sell” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Kraton from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, October 17th. TheStreet cut shares of Kraton from a “b-” rating to a “c” rating in a research note on Wednesday, October 25th. Finally, ValuEngine cut shares of Kraton from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $51.50.

Kraton (NYSE:KRA) opened at $49.86 on Friday. The firm has a market cap of $1,597.67, a price-to-earnings ratio of 65.61 and a beta of 1.19. Kraton has a one year low of $25.09 and a one year high of $53.39. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.19 and a current ratio of 2.27.

In other news, insider Kevin Michael Fogarty sold 1,042 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $50.00, for a total transaction of $52,100.00. Following the sale, the insider now directly owns 197,731 shares in the company, valued at approximately $9,886,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James Leo Simmons sold 6,950 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $47.39, for a total transaction of $329,360.50. Following the sale, the senior vice president now owns 25,000 shares in the company, valued at $1,184,750. The disclosure for this sale can be found here. Insiders have sold a total of 198,454 shares of company stock worth $9,645,791 over the last 90 days. Insiders own 4.71% of the company’s stock.

Several hedge funds have recently made changes to their positions in KRA. SG Americas Securities LLC bought a new stake in shares of Kraton during the 3rd quarter valued at $169,000. LS Investment Advisors LLC increased its holdings in Kraton by 31.4% in the 3rd quarter. LS Investment Advisors LLC now owns 5,369 shares of the specialty chemicals company’s stock valued at $217,000 after acquiring an additional 1,282 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in Kraton in the 2nd quarter valued at $220,000. 361 Capital LLC bought a new stake in Kraton in the 3rd quarter valued at $223,000. Finally, Piedmont Investment Advisors LLC bought a new stake in Kraton in the 2nd quarter valued at $232,000. Hedge funds and other institutional investors own 97.46% of the company’s stock.

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About Kraton

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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