Analysts Expect Koppers Holdings Inc. (KOP) Will Post Earnings of $0.71 Per Share

Brokerages expect Koppers Holdings Inc. (NYSE:KOP) to post $0.71 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Koppers’ earnings. The highest EPS estimate is $1.10 and the lowest is $0.45. Koppers reported earnings per share of $1.18 in the same quarter last year, which suggests a negative year-over-year growth rate of 39.8%. The company is expected to issue its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Koppers will report full-year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.25. For the next fiscal year, analysts expect that the business will report earnings of $4.12 per share, with EPS estimates ranging from $3.94 to $4.40. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Koppers.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, March 1st. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.45 by $0.15. Koppers had a net margin of 1.37% and a return on equity of 81.39%. The firm had revenue of $425.40 million during the quarter, compared to the consensus estimate of $432.00 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The company’s quarterly revenue was up 16.2% compared to the same quarter last year.



KOP has been the topic of several recent research reports. Barrington Research reiterated a “buy” rating on shares of Koppers in a research report on Monday, December 3rd. Monness Crespi & Hardt reiterated a “buy” rating and issued a $33.00 price target (up from $28.00) on shares of Koppers in a research report on Monday, March 4th. Finally, TheStreet downgraded shares of Koppers from a “c-” rating to a “d+” rating in a research report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Koppers presently has an average rating of “Buy” and a consensus price target of $37.60.

KOP traded down $0.25 during trading on Tuesday, hitting $26.34. The company’s stock had a trading volume of 183,700 shares, compared to its average volume of 202,568. The company has a current ratio of 1.81, a quick ratio of 0.86 and a debt-to-equity ratio of 14.61. Koppers has a one year low of $15.00 and a one year high of $46.30. The company has a market capitalization of $535.50 million, a PE ratio of 7.53, a PEG ratio of 0.46 and a beta of 1.14.

In other news, VP Mark R. Mccormack sold 2,414 shares of the firm’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $17.44, for a total transaction of $42,100.16. Following the sale, the vice president now directly owns 87,101 shares in the company, valued at approximately $1,519,041.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R. Michael Johnson acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $25.50 per share, for a total transaction of $510,000.00. Following the completion of the transaction, the vice president now directly owns 183,787 shares in the company, valued at $4,686,568.50. The disclosure for this purchase can be found here. 8.70% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Koppers by 7.4% during the 3rd quarter. BlackRock Inc. now owns 3,336,675 shares of the specialty chemicals company’s stock valued at $103,938,000 after purchasing an additional 229,138 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in Koppers by 32.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,907,866 shares of the specialty chemicals company’s stock valued at $59,430,000 after acquiring an additional 469,269 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Koppers by 21.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,170,000 shares of the specialty chemicals company’s stock valued at $19,937,000 after acquiring an additional 210,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Koppers by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 671,438 shares of the specialty chemicals company’s stock valued at $20,915,000 after acquiring an additional 20,898 shares in the last quarter. Finally, Norges Bank purchased a new position in Koppers during the fourth quarter valued at $5,090,000. Hedge funds and other institutional investors own 95.34% of the company’s stock.

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).

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Earnings History and Estimates for Koppers (NYSE:KOP)

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