Wall Street analysts expect that Koppers Holdings Inc. (NYSE:KOP) will report sales of $502.63 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Koppers’ earnings, with the lowest sales estimate coming in at $495.30 million and the highest estimate coming in at $510.00 million. Koppers reported sales of $384.80 million during the same quarter last year, which indicates a positive year over year growth rate of 30.6%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, November 8th.
According to Zacks, analysts expect that Koppers will report full-year sales of $1.81 billion for the current fiscal year, with estimates ranging from $1.80 billion to $1.82 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.92 billion, with estimates ranging from $1.91 billion to $1.94 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Koppers.
Koppers (NYSE:KOP) last announced its quarterly earnings results on Thursday, November 8th. The specialty chemicals company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.38). Koppers had a net margin of 1.47% and a return on equity of 79.35%. The company had revenue of $442.70 million for the quarter, compared to analysts’ expectations of $502.63 million. During the same quarter in the prior year, the firm earned $1.43 EPS. Koppers’s quarterly revenue was up 15.0% compared to the same quarter last year.
Shares of NYSE KOP traded down $6.63 during midday trading on Friday, hitting $21.66. 955,136 shares of the company traded hands, compared to its average volume of 138,692. Koppers has a 12-month low of $20.00 and a 12-month high of $51.80. The company has a debt-to-equity ratio of 9.65, a current ratio of 2.03 and a quick ratio of 1.05. The stock has a market capitalization of $592.75 million, a P/E ratio of 5.89, a P/E/G ratio of 0.38 and a beta of 0.93.
In related news, Director Albert J. Neupaver purchased 5,000 shares of Koppers stock in a transaction that occurred on Tuesday, August 14th. The shares were bought at an average price of $35.88 per share, for a total transaction of $179,400.00. Following the completion of the transaction, the director now directly owns 45,316 shares of the company’s stock, valued at $1,625,938.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP R. Michael Johnson purchased 25,000 shares of Koppers stock in a transaction that occurred on Tuesday, August 14th. The shares were bought at an average price of $35.36 per share, for a total transaction of $884,000.00. Following the transaction, the vice president now directly owns 46,534 shares of the company’s stock, valued at $1,645,442.24. The disclosure for this purchase can be found here. Insiders have purchased 33,000 shares of company stock worth $1,169,050 in the last quarter. 8.70% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in KOP. Piedmont Investment Advisors LLC purchased a new stake in Koppers in the second quarter worth about $188,000. WINTON GROUP Ltd purchased a new stake in Koppers in the first quarter worth about $206,000. SG Americas Securities LLC purchased a new stake in Koppers in the second quarter worth about $215,000. Zeke Capital Advisors LLC purchased a new stake in Koppers in the third quarter worth about $239,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Koppers in the third quarter worth about $251,000. Institutional investors and hedge funds own 88.10% 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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