Wall Street brokerages forecast that Kraton Corp (NYSE:KRA) will report sales of $536.75 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Kraton’s earnings, with estimates ranging from $534.50 million to $539.00 million. Kraton posted sales of $538.40 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.3%. The firm is expected to issue its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Kraton will report full-year sales of $2.00 billion for the current year, with estimates ranging from $1.99 billion to $2.01 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.08 billion, with estimates ranging from $2.06 billion to $2.10 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Kraton.

Kraton (NYSE:KRA) last posted its earnings results on Wednesday, April 24th. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.23. Kraton had a net margin of 2.93% and a return on equity of 15.20%. The business had revenue of $456.40 million for the quarter, compared to analyst estimates of $491.65 million. During the same period in the prior year, the company posted $0.58 EPS. The company’s revenue for the quarter was down 9.2% on a year-over-year basis.

Several research firms have recently issued reports on KRA. ValuEngine lowered shares of Kraton from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 25th. Zacks Investment Research lowered shares of Kraton from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. TheStreet lowered shares of Kraton from a “b-” rating to a “c” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. began coverage on shares of Kraton in a research note on Tuesday, February 19th. They set a “reduce” rating on the stock. Finally, SunTrust Banks increased their target price on shares of 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. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Kraton has an average rating of “Hold” and an average target price of $42.60.

Shares of KRA stock traded up $0.09 during mid-day trading on Friday, hitting $29.13. 6,420 shares of the stock were exchanged, compared to its average volume of 243,204. The company has a quick ratio of 0.78, a current ratio of 1.83 and a debt-to-equity ratio of 1.85. Kraton has a 52-week low of $19.13 and a 52-week high of $51.33. The firm has a market cap of $914.69 million, a P/E ratio of 9.25 and a beta of 2.06.

In related news, SVP Jose Fernando Cherubini Haddad sold 6,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $33.10, for a total value of $198,600.00. Following the transaction, the senior vice president now directly owns 14,910 shares of the company’s stock, valued at approximately $493,521. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.32% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc raised its holdings in Kraton by 137.0% in the 1st quarter. Versant Capital Management Inc now owns 1,171 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 677 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Kraton by 413.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 1,900 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Kraton in the 1st quarter valued at about $102,000. PNC Financial Services Group Inc. raised its holdings in Kraton by 107.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,369 shares of the specialty chemicals company’s stock valued at $108,000 after acquiring an additional 1,744 shares during the last quarter. Finally, NumerixS Investment Technologies Inc raised its holdings in Kraton by 56.5% in the 1st quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the specialty chemicals company’s stock valued at $114,000 after acquiring an additional 1,300 shares during the last quarter. 95.92% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: The Role of a Fiduciary and Individual Investors

Get a free copy of the Zacks research report on Kraton (KRA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Kraton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton and related companies with MarketBeat.com's FREE daily email newsletter.