Koppers Holdings Inc. (NYSE:KOP) – Equities research analysts at Jefferies Group raised their FY2017 earnings estimates for shares of Koppers Holdings in a report issued on Tuesday. Jefferies Group analyst L. Alexander now anticipates that the specialty chemicals company will post earnings per share of $3.85 for the year, up from their prior estimate of $3.15. Jefferies Group currently has a “Hold” rating and a $40.00 price target on the stock. Jefferies Group also issued estimates for Koppers Holdings’ Q4 2017 earnings at $0.56 EPS, FY2018 earnings at $4.20 EPS, FY2019 earnings at $4.60 EPS and FY2020 earnings at $5.00 EPS.
Koppers Holdings (NYSE:KOP) last announced its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.55. The company had revenue of $384.80 million during the quarter, compared to analysts’ expectations of $363.00 million. Koppers Holdings had a return on equity of 119.06% and a net margin of 3.54%. Koppers Holdings’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS.
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Shares of Koppers Holdings (NYSE:KOP) opened at $47.25 on Friday. The company has a debt-to-equity ratio of 6.08, a current ratio of 2.02 and a quick ratio of 1.13. The company has a market capitalization of $966.92, a PE ratio of 12.72, a PEG ratio of 0.70 and a beta of 1.02. Koppers Holdings has a 52 week low of $33.90 and a 52 week high of $51.80.
Several institutional investors have recently made changes to their positions in KOP. Teachers Advisors LLC raised its stake in shares of Koppers Holdings by 34.7% during the 1st quarter. Teachers Advisors LLC now owns 247,952 shares of the specialty chemicals company’s stock worth $10,501,000 after purchasing an additional 63,828 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Koppers Holdings by 2.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,104 shares of the specialty chemicals company’s stock worth $216,000 after purchasing an additional 104 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Koppers Holdings by 3.9% during the 1st quarter. Legal & General Group Plc now owns 35,167 shares of the specialty chemicals company’s stock worth $1,489,000 after purchasing an additional 1,321 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Koppers Holdings by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 2,451,644 shares of the specialty chemicals company’s stock worth $103,828,000 after purchasing an additional 179,784 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Koppers Holdings by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 152,246 shares of the specialty chemicals company’s stock worth $6,447,000 after purchasing an additional 3,821 shares in the last quarter. Institutional investors own 88.27% of the company’s stock.
In other Koppers Holdings news, VP Leslie S. Hyde sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $43.00, for a total transaction of $77,400.00. Following the completion of the transaction, the vice president now owns 19,927 shares of the company’s stock, valued at approximately $856,861. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Leslie S. Hyde sold 1,810 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total value of $81,450.00. Following the transaction, the vice president now directly owns 19,727 shares of the company’s stock, valued at approximately $887,715. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
About Koppers Holdings
Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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