Analysts Set Expectations for Kraton Corporation’s Q3 2017 Earnings (KRA)

Kraton Corporation (NYSE:KRA) – Equities research analysts at KeyCorp decreased their Q3 2017 earnings per share estimates for Kraton Corporation in a note issued to investors on Thursday. KeyCorp analyst M. Sison now expects that the specialty chemicals company will post earnings per share of $0.92 for the quarter, down from their previous estimate of $1.00. KeyCorp also issued estimates for Kraton Corporation’s Q4 2017 earnings at $0.71 EPS and FY2017 earnings at $2.30 EPS.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research upgraded Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research note on Tuesday. BidaskClub upgraded Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Monday. UBS AG restated a “sell” rating and set a $27.00 price objective (up previously from $26.00) on shares of Kraton Corporation in a research report on Sunday, June 25th. Finally, TheStreet upgraded Kraton Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th.

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Kraton Corporation (NYSE:KRA) opened at 37.20 on Monday. The stock has a market capitalization of $1.16 billion, a PE ratio of 26.70 and a beta of 1.22. The stock has a 50 day moving average price of $33.78 and a 200 day moving average price of $31.12. Kraton Corporation has a 12 month low of $24.95 and a 12 month high of $37.50.

Kraton Corporation (NYSE:KRA) last released its earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.24. Kraton Corporation had a return on equity of 9.52% and a net margin of 2.36%. The business had revenue of $525.30 million during the quarter, compared to the consensus estimate of $506.58 million. During the same period last year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of Kraton Corporation by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 3,410 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 70 shares during the last quarter. US Bancorp DE raised its position in shares of Kraton Corporation by 99.0% in the first quarter. US Bancorp DE now owns 3,806 shares of the specialty chemicals company’s stock worth $118,000 after buying an additional 1,893 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Kraton Corporation by 279.4% in the first quarter. LS Investment Advisors LLC now owns 4,128 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 3,040 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Kraton Corporation during the second quarter worth $226,000. Finally, Mason Street Advisors LLC raised its position in shares of Kraton Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,229 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 473 shares during the last quarter. Hedge funds and other institutional investors own 97.54% of the company’s stock.

Kraton Corporation Company Profile

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.

Earnings History and Estimates for Kraton Corporation (NYSE:KRA)

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