Equities research analysts predict that Kraton Corp (NYSE:KRA) will announce earnings per share of $0.08 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kraton’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.04. Kraton reported earnings of $0.67 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 88.1%. The company is expected to report its next earnings results on Wednesday, February 26th.

On average, analysts expect that Kraton will report full year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $3.03 to $3.09. For the next year, analysts expect that the company will report earnings of $3.66 per share, with EPS estimates ranging from $3.40 to $3.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Kraton.

Kraton (NYSE:KRA) last released its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.12). The company had revenue of $444.22 million for the quarter, compared to analyst estimates of $473.49 million. Kraton had a return on equity of 14.96% and a net margin of 4.89%. The business’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period last year, the firm posted $1.02 EPS.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Kraton from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Macquarie set a $33.00 price objective on shares of Kraton and gave the stock a “hold” rating in a research report on Friday, October 11th. SunTrust Banks reduced their target price on shares of Kraton from $33.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. ValuEngine lowered shares of Kraton from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, UBS Group dropped their price target on shares of Kraton from $25.00 to $17.00 and set a “sell” rating for the company in a research note on Friday, October 11th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Sell” and a consensus target price of $26.40.

Shares of KRA opened at $22.35 on Friday. Kraton has a 52-week low of $19.13 and a 52-week high of $40.76. The company has a quick ratio of 0.97, a current ratio of 2.26 and a debt-to-equity ratio of 1.79. The stock has a fifty day simple moving average of $22.96 and a two-hundred day simple moving average of $27.43. The company has a market capitalization of $714.28 million, a PE ratio of 6.17 and a beta of 2.30.

In other Kraton news, CEO Kevin Michael Fogarty sold 39,496 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $24.45, for a total transaction of $965,677.20. Following the transaction, the chief executive officer now directly owns 298,848 shares in the company, valued at $7,306,833.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris H. Russell sold 4,241 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $24.46, for a total value of $103,734.86. Following the transaction, the chief accounting officer now owns 7,413 shares in the company, valued at $181,321.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,230 shares of company stock valued at $1,184,927. 3.32% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of KRA. Millennium Management LLC boosted its holdings in Kraton by 69.5% during the 3rd quarter. Millennium Management LLC now owns 16,435 shares of the specialty chemicals company’s stock valued at $530,000 after acquiring an additional 6,740 shares during the period. Barclays PLC boosted its holdings in Kraton by 65.2% during the 3rd quarter. Barclays PLC now owns 81,699 shares of the specialty chemicals company’s stock valued at $2,637,000 after acquiring an additional 32,247 shares during the period. California State Teachers Retirement System increased its stake in Kraton by 1.2% during the third quarter. California State Teachers Retirement System now owns 48,779 shares of the specialty chemicals company’s stock worth $1,575,000 after purchasing an additional 582 shares during the period. State Street Corp increased its stake in Kraton by 0.3% during the third quarter. State Street Corp now owns 927,292 shares of the specialty chemicals company’s stock worth $29,942,000 after purchasing an additional 2,420 shares during the period. Finally, BBVA USA Bancshares Inc. lifted its position in shares of Kraton by 29.2% during the third quarter. BBVA USA Bancshares Inc. now owns 16,384 shares of the specialty chemicals company’s stock worth $528,000 after purchasing an additional 3,707 shares in the last quarter. Hedge funds and other institutional investors own 98.33% 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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