Equities research analysts predict that Kraton Corp (NYSE:KRA) will post sales of $363.90 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kraton’s earnings, with estimates ranging from $360.00 million to $367.80 million. Kraton posted sales of $495.28 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 26.5%. The business is expected to issue its next earnings results on Wednesday, July 22nd.

On average, analysts expect that Kraton will report full year sales of $1.55 billion for the current year, with estimates ranging from $1.53 billion to $1.57 billion. For the next fiscal year, analysts expect that the company will post sales of $1.58 billion, with estimates ranging from $1.54 billion to $1.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Kraton.

Kraton (NYSE:KRA) last issued its quarterly earnings data on Wednesday, April 29th. The specialty chemicals company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.23. Kraton had a return on equity of 8.68% and a net margin of 13.90%. The business had revenue of $427.27 million during the quarter, compared to analyst estimates of $416.70 million. During the same period in the previous year, the firm earned $0.88 EPS.

KRA has been the subject of several research analyst reports. Loop Capital boosted their price objective on Kraton from $23.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Zacks Investment Research lowered Kraton from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. UBS Group boosted their price objective on Kraton from $4.50 to $8.00 and gave the company a “sell” rating in a research report on Wednesday, May 6th. SunTrust Banks boosted their price objective on Kraton from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, ValuEngine downgraded Kraton from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.67.

A number of large investors have recently added to or reduced their stakes in KRA. Swiss National Bank raised its stake in shares of Kraton by 1.3% during the 4th quarter. Swiss National Bank now owns 60,700 shares of the specialty chemicals company’s stock worth $1,537,000 after purchasing an additional 800 shares in the last quarter. Comerica Bank raised its stake in shares of Kraton by 3.1% during the 1st quarter. Comerica Bank now owns 30,717 shares of the specialty chemicals company’s stock worth $301,000 after purchasing an additional 926 shares in the last quarter. Hancock Whitney Corp raised its stake in shares of Kraton by 1.3% during the 1st quarter. Hancock Whitney Corp now owns 105,633 shares of the specialty chemicals company’s stock worth $856,000 after purchasing an additional 1,373 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Kraton by 8.2% during the 4th quarter. Victory Capital Management Inc. now owns 19,553 shares of the specialty chemicals company’s stock worth $322,000 after purchasing an additional 1,478 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Kraton by 16.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,228 shares of the specialty chemicals company’s stock worth $107,000 after purchasing an additional 1,825 shares in the last quarter. 91.80% of the stock is owned by hedge funds and other institutional investors.

Shares of KRA traded up $1.04 on Thursday, hitting $17.15. The company’s stock had a trading volume of 289,900 shares, compared to its average volume of 477,595. The company has a quick ratio of 0.89, a current ratio of 1.76 and a debt-to-equity ratio of 0.94. The firm’s fifty day moving average price is $15.31 and its 200-day moving average price is $15.40. Kraton has a fifty-two week low of $4.45 and a fifty-two week high of $35.00. The firm has a market capitalization of $513.17 million, a price-to-earnings ratio of 2.24 and a beta of 3.12.

About Kraton

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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