KeyCorp Comments on Kraton Corp’s FY2020 Earnings (KRA)

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Kraton Corp (NYSE:KRA) – Investment analysts at KeyCorp issued their FY2020 earnings per share (EPS) estimates for shares of Kraton in a report released on Thursday, April 11th. KeyCorp analyst M. Sison anticipates that the specialty chemicals company will post earnings per share of $4.40 for the year.

A number of other equities analysts have also weighed in on the company. SunTrust Banks upped their target price on Kraton to $39.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. JPMorgan Chase & Co. initiated coverage on Kraton in a report on Tuesday, February 19th. They set a “reduce” rating for the company. ValuEngine upgraded Kraton from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 19th. TheStreet upgraded Kraton from a “c” rating to a “b-” rating in a report on Wednesday, February 20th. Finally, Zacks Investment Research cut Kraton from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $44.00.

NYSE:KRA opened at $35.24 on Monday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.93 and a current ratio of 2.19. Kraton has a 52-week low of $19.13 and a 52-week high of $53.99. The firm has a market cap of $1.12 billion, a P/E ratio of 11.15 and a beta of 2.09.

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

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in Kraton by 0.6% during the fourth quarter. BlackRock Inc. now owns 4,578,771 shares of the specialty chemicals company’s stock worth $100,001,000 after acquiring an additional 25,300 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Kraton by 1.7% during the third quarter. Vanguard Group Inc. now owns 3,281,113 shares of the specialty chemicals company’s stock worth $154,705,000 after buying an additional 53,361 shares during the period. Vanguard Group Inc increased its position in shares of Kraton by 1.7% during the third quarter. Vanguard Group Inc now owns 3,281,113 shares of the specialty chemicals company’s stock worth $154,705,000 after purchasing an additional 53,361 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kraton by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,596,493 shares of the specialty chemicals company’s stock worth $56,708,000 after purchasing an additional 31,932 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. increased its position in shares of Kraton by 7.6% during the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 947,842 shares of the specialty chemicals company’s stock worth $20,701,000 after purchasing an additional 67,320 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Kraton Company Profile

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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