Q1 2018 EPS Estimates for Koppers Holdings Inc. Lifted by Jefferies Group (KOP)

Koppers Holdings Inc. (NYSE:KOP) – Research analysts at Jefferies Group boosted their Q1 2018 earnings per share (EPS) estimates for shares of Koppers in a research note issued to investors on Wednesday, April 11th. Jefferies Group analyst L. Alexander now expects that the specialty chemicals company will post earnings of $0.96 per share for the quarter, up from their prior forecast of $0.92. Jefferies Group also issued estimates for Koppers’ Q2 2018 earnings at $1.20 EPS, Q3 2018 earnings at $1.54 EPS, FY2018 earnings at $4.30 EPS, FY2019 earnings at $5.05 EPS and FY2020 earnings at $5.50 EPS.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Tuesday, February 27th. The specialty chemicals company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.04). The company had revenue of $366.10 million during the quarter, compared to the consensus estimate of $308.05 million. Koppers had a net margin of 1.97% and a return on equity of 94.85%. The firm’s revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share.



Several other research analysts also recently commented on KOP. Zacks Investment Research raised Koppers from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Thursday, March 8th. B. Riley set a $60.00 price target on Koppers and gave the stock a “buy” rating in a research report on Wednesday, February 28th. TheStreet downgraded Koppers from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Finally, ValuEngine downgraded Koppers from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Koppers currently has a consensus rating of “Buy” and a consensus target price of $48.33.

Shares of NYSE KOP opened at $44.50 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.96 and a debt-to-equity ratio of 6.29. The company has a market capitalization of $905.94, a price-to-earnings ratio of 11.82 and a beta of 0.89. Koppers has a 12 month low of $33.90 and a 12 month high of $51.80.

Large investors have recently made changes to their positions in the company. Cigna Investments Inc. New acquired a new stake in shares of Koppers during the 4th quarter worth approximately $277,000. Swiss National Bank grew its holdings in shares of Koppers by 7.6% during the 4th quarter. Swiss National Bank now owns 36,600 shares of the specialty chemicals company’s stock worth $1,863,000 after purchasing an additional 2,600 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Koppers by 67.8% during the 3rd quarter. Wells Fargo & Company MN now owns 56,499 shares of the specialty chemicals company’s stock worth $2,607,000 after purchasing an additional 22,822 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Koppers by 4.0% during the 4th quarter. Bank of New York Mellon Corp now owns 274,335 shares of the specialty chemicals company’s stock worth $13,965,000 after purchasing an additional 10,564 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Koppers by 3.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 85,743 shares of the specialty chemicals company’s stock worth $3,957,000 after purchasing an additional 2,470 shares in the last quarter. 91.93% of the stock is currently owned by institutional investors.

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Koppers Company Profile

Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

Earnings History and Estimates for Koppers (NYSE:KOP)

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