Koppers Holdings Inc. (NYSE:KOP) Expected to Announce Earnings of $0.98 Per Share

Equities research analysts forecast that Koppers Holdings Inc. (NYSE:KOP) will post earnings of $0.98 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Koppers’ earnings, with estimates ranging from $0.89 to $1.03. Koppers reported earnings per share of $0.73 in the same quarter last year, which indicates a positive year-over-year growth rate of 34.2%. The company is scheduled to issue its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Koppers will report full year earnings of $3.36 per share for the current year, with EPS estimates ranging from $3.26 to $3.52. For the next financial year, analysts expect that the firm will report earnings of $4.29 per share, with EPS estimates ranging from $4.12 to $4.50. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Koppers.

Koppers (NYSE:KOP) last posted its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.17. The firm had revenue of $469.80 million for the quarter, compared to analyst estimates of $491.43 million. Koppers had a return on equity of 77.19% and a net margin of 1.76%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share.

Several research analysts have weighed in on KOP shares. Zacks Investment Research lowered Koppers from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Monness Crespi & Hardt reiterated a “buy” rating and set a $37.00 target price (up from $33.00) on shares of Koppers in a report on Friday, August 9th. Barrington Research restated a “buy” rating and issued a $35.00 price target on shares of Koppers in a report on Tuesday, August 13th. Finally, ValuEngine lowered Koppers from a “sell” rating to a “strong sell” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $36.80.

KOP stock traded up $0.16 during midday trading on Wednesday, hitting $29.80. 44,476 shares of the company’s stock were exchanged, compared to its average volume of 86,933. The stock’s fifty day moving average price is $27.36 and its 200-day moving average price is $27.41. The company has a debt-to-equity ratio of 10.54, a quick ratio of 1.00 and a current ratio of 2.01. The company has a market cap of $621.73 million, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.50 and a beta of 1.10. Koppers has a one year low of $15.00 and a one year high of $33.10.

In other news, VP R. Michael Johnson purchased 12,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of $28.92 per share, for a total transaction of $347,040.00. Following the completion of the acquisition, the vice president now directly owns 209,073 shares in the company, valued at approximately $6,046,391.16. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Xudong Feng sold 2,442 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $26.92, for a total value of $65,738.64. Following the completion of the sale, the director now owns 27,510 shares in the company, valued at $740,569.20. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Nuveen Asset Management LLC bought a new stake in shares of Koppers in the second quarter valued at about $5,521,000. Victory Capital Management Inc. lifted its holdings in shares of Koppers by 13.7% during the 2nd quarter. Victory Capital Management Inc. now owns 67,000 shares of the specialty chemicals company’s stock worth $1,967,000 after acquiring an additional 8,075 shares during the last quarter. Jefferies Group LLC bought a new stake in Koppers in the second quarter worth $242,000. Morgan Stanley lifted its stake in Koppers by 433.0% in the second quarter. Morgan Stanley now owns 103,916 shares of the specialty chemicals company’s stock worth $3,051,000 after purchasing an additional 84,420 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Koppers by 8.2% in the second quarter. Bank of America Corp DE now owns 190,473 shares of the specialty chemicals company’s stock worth $5,593,000 after purchasing an additional 14,435 shares during the last quarter. Institutional investors own 93.10% 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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Earnings History and Estimates for Koppers (NYSE:KOP)

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