$413.87 Million in Sales Expected for Koppers Holdings Inc. (KOP) This Quarter

Wall Street brokerages expect Koppers Holdings Inc. (NYSE:KOP) to post sales of $413.87 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Koppers’ earnings, with the lowest sales estimate coming in at $375.00 million and the highest estimate coming in at $447.90 million. Koppers reported sales of $406.10 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The company is scheduled to report its next quarterly earnings report on Thursday, May 2nd.

On average, analysts expect that Koppers will report full-year sales of $1.83 billion for the current financial year, with estimates ranging from $1.78 billion to $1.85 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.91 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Koppers.

Koppers (NYSE:KOP) last issued its earnings results on Friday, March 1st. The specialty chemicals company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15. The business had revenue of $425.40 million during the quarter, compared to analysts’ expectations of $432.00 million. Koppers had a net margin of 1.37% and a return on equity of 81.39%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share.

KOP has been the subject of several research analyst reports. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $33.00 target price (up previously from $28.00) on shares of Koppers in a research note on Monday, March 4th. Barrington Research reaffirmed a “buy” rating and set a $34.00 target price on shares of Koppers in a research note on Monday, March 4th. Finally, TheStreet raised shares of Koppers from a “d+” rating to a “c” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $37.60.

In other Koppers news, VP R. Michael Johnson acquired 20,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of $25.50 per share, with a total value of $510,000.00. Following the completion of the purchase, the vice president now owns 183,787 shares in the company, valued at approximately $4,686,568.50. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of KOP. Norges Bank purchased a new position in shares of Koppers in the fourth quarter valued at approximately $5,090,000. BlackRock Inc. boosted its stake in shares of Koppers by 7.4% in the third quarter. BlackRock Inc. now owns 3,336,675 shares of the specialty chemicals company’s stock valued at $103,938,000 after purchasing an additional 229,138 shares during the period. Phocas Financial Corp. purchased a new position in shares of Koppers in the fourth quarter valued at approximately $3,635,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Koppers by 21.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,170,000 shares of the specialty chemicals company’s stock valued at $19,937,000 after purchasing an additional 210,000 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Koppers by 59.9% in the fourth quarter. LSV Asset Management now owns 288,886 shares of the specialty chemicals company’s stock valued at $4,922,000 after purchasing an additional 108,186 shares during the period. 96.42% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE KOP traded down $0.42 during mid-day trading on Friday, reaching $27.22. The company’s stock had a trading volume of 397 shares, compared to its average volume of 137,663. The stock has a market capitalization of $577.57 million, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 0.49 and a beta of 1.15. The company has a quick ratio of 0.86, a current ratio of 1.81 and a debt-to-equity ratio of 14.61. Koppers has a 1-year low of $15.00 and a 1-year high of $46.30.

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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