Analysts Anticipate Koppers Holdings Inc. (KOP) to Post $0.49 Earnings Per Share

Equities research analysts expect Koppers Holdings Inc. (NYSE:KOP) to post earnings per share of $0.49 for the current quarter, according to Zacks. Two analysts have made estimates for Koppers’ earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.56. Koppers reported earnings per share of $0.40 in the same quarter last year, which indicates a positive year over year growth rate of 22.5%. The company is expected to issue its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Koppers will report full year earnings of $3.75 per share for the current fiscal year, with EPS estimates ranging from $3.70 to $3.85. For the next financial year, analysts anticipate that the business will report earnings of $3.83 per share, with EPS estimates ranging from $3.45 to $4.20. Zacks’ EPS averages are an average based on a survey of research analysts that cover Koppers.

Koppers (NYSE:KOP) last released its quarterly earnings data on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.55. The firm had revenue of $384.80 million during the quarter, compared to the consensus estimate of $363.00 million. Koppers had a net margin of 3.54% and a return on equity of 119.06%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share.

A number of research firms have commented on KOP. Zacks Investment Research raised shares of Koppers from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Friday, November 17th. Jefferies Group reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Koppers in a report on Thursday, October 12th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Koppers in a report on Thursday, September 14th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Koppers currently has an average rating of “Buy” and a consensus price target of $47.20.

In other Koppers news, VP Leslie S. Hyde sold 1,810 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 19,727 shares in the company, valued at $887,715. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Leslie S. Hyde sold 1,800 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $77,400.00. Following the completion of the sale, the vice president now owns 19,927 shares in the company, valued at $856,861. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Koppers by 7.2% during the second quarter. Vanguard Group Inc. now owns 2,627,991 shares of the specialty chemicals company’s stock valued at $95,002,000 after purchasing an additional 176,347 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Koppers by 1.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,335,151 shares of the specialty chemicals company’s stock valued at $61,617,000 after purchasing an additional 18,959 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Koppers by 25.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the specialty chemicals company’s stock worth $32,535,000 after acquiring an additional 180,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Koppers by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 632,534 shares of the specialty chemicals company’s stock worth $29,191,000 after acquiring an additional 8,357 shares in the last quarter. Finally, State Street Corp raised its position in Koppers by 11.3% in the second quarter. State Street Corp now owns 573,048 shares of the specialty chemicals company’s stock worth $20,716,000 after acquiring an additional 58,405 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Koppers (KOP) traded down $0.45 during trading on Friday, reaching $49.70. 96,900 shares of the company’s stock were exchanged, compared to its average volume of 120,441. The firm has a market capitalization of $1,040.39, a P/E ratio of 13.59, a PEG ratio of 0.74 and a beta of 1.01. The company has a current ratio of 2.02, a quick ratio of 1.13 and a debt-to-equity ratio of 6.08. Koppers has a 1 year low of $33.90 and a 1 year high of $51.80.

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Koppers Company Profile

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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