Brokerages expect Koppers Holdings Inc. (NYSE:KOP) to report $437.67 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Koppers’ earnings, with the lowest sales estimate coming in at $431.80 million and the highest estimate coming in at $445.00 million. Koppers posted sales of $366.10 million in the same quarter last year, which suggests a positive year over year growth rate of 19.5%. The business is scheduled to report its next earnings report on Tuesday, February 26th.
On average, analysts expect that Koppers will report full year sales of $1.74 billion for the current fiscal year, with estimates ranging from $1.72 billion to $1.80 billion. For the next fiscal year, analysts expect that the business will post sales of $1.83 billion, with estimates ranging from $1.77 billion to $1.94 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Koppers.
Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, November 8th. The specialty chemicals company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.38). Koppers had a return on equity of 70.26% and a net margin of 0.68%. The business had revenue of $442.70 million for the quarter, compared to analyst estimates of $502.63 million. During the same quarter in the prior year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis.
Koppers stock opened at $20.88 on Monday. Koppers has a one year low of $19.17 and a one year high of $51.65. The company has a debt-to-equity ratio of 12.97, a current ratio of 2.14 and a quick ratio of 1.12. The stock has a market cap of $428.21 million, a PE ratio of 5.67, a price-to-earnings-growth ratio of 0.35 and a beta of 0.93.
In other news, VP R. Michael Johnson bought 50,000 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were bought at an average cost of $20.16 per share, with a total value of $1,008,000.00. Following the acquisition, the vice president now owns 96,534 shares in the company, valued at $1,946,125.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider M Leroy Ball bought 2,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was purchased at an average cost of $34.96 per share, for a total transaction of $69,920.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 79,000 shares of company stock worth $1,621,890. 8.70% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new stake in shares of Koppers in the 2nd quarter valued at about $188,000. SG Americas Securities LLC bought a new position in Koppers in the 2nd quarter valued at about $215,000. Jefferies Group LLC bought a new position in Koppers in the 3rd quarter valued at about $233,000. Dynamic Technology Lab Private Ltd bought a new position in Koppers in the 3rd quarter valued at about $237,000. Finally, Zeke Capital Advisors LLC bought a new position in Koppers in the 3rd quarter valued at about $239,000. 90.63% of the stock is currently owned by institutional investors.
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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