|Bid||23.53 x 800|
|Ask||32.00 x 800|
|Day's Range||22.79 - 23.35|
|52 Week Range||19.13 - 40.76|
|Beta (3Y Monthly)||2.31|
|PE Ratio (TTM)||8.21|
|Earnings Date||Feb 25, 2020 - Mar 2, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.75|
Today we are going to look at Kraton Corporation (NYSE:KRA) to see whether it might be an attractive investment...
HOUSTON, Nov. 15, 2019 /PRNewswire/ -- Kraton Corporation (KRA), a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products, announces that it was selected as a Finalist for the Global Cooling Prize that was presented at the Finalist Award Ceremony on Friday, November 15 in New Delhi, India. Kraton's entry is the NexarCool™ technology, a unique and innovative air conditioning redesign of the century-old evaporative cooling technology. Kraton's collaborators for the Global Cooling Prize project include India Institute of Technology Bombay (IITB), Porus Lab and Infosys – all of which are located in India – with the assistance of Texas A&M University in the USA.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Kraton Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Kraton plans to use the proceeds from the sale "to significantly strengthen our balance sheet and improve our leverage profile, positioning us for future growth in our core polymer and chemical businesses."
"The additional debt funding required to complete the proposed acquisition will increase Daelim's consolidated financial leverage, but the risk is mitigated by its solid financial capacity and the target's sound business profile," says Sean Hwang, a Moody's Analyst. On 30 October 2019, Daelim announced its plan to acquire Kraton's Cariflex business for around $530 million. This level of financial leverage is still within Moody's expectations for Daelim's Baa2 rating, although its higher financial leverage and lower cash will reduce the company's financial buffer at the current rating level.
Houston-based Kraton Corp. (NYSE: KRA) will sell its Cariflex business unit to South Korea-based Daelim Industrial Co. Ltd. for $530 million. Cariflex produces isoprene rubber latex and contributed $50.5 million of pro forma adjusted earnings before interest, tax, depreciation and amortization for 2018. Kraton decided to sell Cariflex after undertaking a strategic review of the business unit, the intrinsic value of which Kraton believed was not appropriately reflected in the company's overall valuation, Kraton President and CEO Kevin Fogarty said in the release.
HOUSTON, Oct. 30, 2019 /PRNewswire/ -- Kraton Corporation (KRA) ("Kraton" or the "Company") today announced that it has agreed to sell its CariflexTM business unit ("Cariflex") to Daelim Industrial Co., Ltd. ("Daelim") for a purchase price of $530 million. Cariflex contributed $50.5 million of pro forma Adjusted EBITDA for the fiscal year ended December 31, 2018. "Cariflex is an attractive business with a robust growth profile and pro forma Adjusted EBITDA margins in excess of 30%.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]
Kraton (KRA) delivered earnings and revenue surprises of -21.21% and -4.28%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
HOUSTON , Oct. 23, 2019 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global specialty chemicals company that manufactures styrenic block copolymers, specialty polymers, and high-value performance ...
How far off is Kraton Corporation (NYSE:KRA) from its intrinsic value? Using the most recent financial data, we'll...
Kraton (KRA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Kraton Corporation (KRA) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Shares of Kraton Corp. suffered their biggest-ever selloff Thursday, after the specialty chemicals company warned of a third-quarter earnings miss, citing the negative impact of the U.S.-China trade war, but also because of a deterioration in fundamental demand, which the company doesn’t expect to improve any time soon.
Kraton shares dropped nearly a third after the chemical company warned that third-quarter earnings would lag estimates amid sagging global demand.
Kraton Corp. warned Thursday of a third-quarter earnings shortfall, as the company said its polymer and chemicals business was hurt by weakening demand. The company expects net income for the quarter through September of $21 million, down from $42.3 million a year ago, and below the FactSet consensus of $35.1 million. Kraton said it expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) is expected to be $80 million, compared with the FactSet consensus of $101.4 million. "Despite opening our third quarter in July with stable market indications, fundamentals including demand in China and broader Asia, and more recently in Europe and North America, weakened notably as the third quarter of 2019 progressed," said Chief Executive Kevin Fogarty. Because the company said it does not expect market conditions to improve for the rest of the year, it now projects 2019 adjusted EBITDA to be 10% to 15% below the lower end of its previous guidance of $370 million to $390 million, after saying in July it expected adjusted EBITDA to be at the "lower end" of guidance. The stock, which was still inactive in premarket trading, has rallied 37.7% year to date, while the S&P 500 has gained 16.5%.
HOUSTON , Oct. 10, 2019 /PRNewswire/ -- Kraton Corporation (NYSE: KRA) ("Kraton" or the "Company") today provided an update on its expectations for the third quarter of 2019. The Company ...
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