Zacks: Analysts Anticipate Koppers Holdings Inc. (KOP) Will Post Earnings of $0.45 Per Share

Brokerages predict that Koppers Holdings Inc. (NYSE:KOP) will post earnings per share (EPS) of $0.45 for the current quarter, according to Zacks. Three analysts have made estimates for Koppers’ earnings. The lowest EPS estimate is $0.39 and the highest is $0.49. Koppers reported earnings of $0.40 per share during the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The company is scheduled to issue its next earnings results on Friday, March 1st.

On average, analysts expect that Koppers will report full year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.23 to $3.34. For the next year, analysts expect that the business will post earnings of $3.78 per share, with EPS estimates ranging from $3.26 to $4.29. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Koppers.

Koppers (NYSE:KOP) last issued its earnings results on Friday, March 1st. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. Koppers had a return on equity of 70.26% and a net margin of 0.68%. The business had revenue of $425.40 million during the quarter, compared to analysts’ expectations of $432.00 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year.

KOP has been the subject of several recent research reports. TheStreet cut Koppers from a “c-” rating to a “d+” rating in a research note on Friday, December 7th. Barrington Research set a $38.00 price target on Koppers and gave the company a “buy” rating in a research note on Monday, November 12th. B. Riley reissued a “buy” rating and issued a $40.00 price target on shares of Koppers in a research note on Friday, November 9th. Zacks Investment Research cut Koppers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Finally, Monness Crespi & Hardt raised Koppers from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $37.40.

KOP traded up $1.57 on Monday, reaching $26.16. The stock had a trading volume of 347,816 shares, compared to its average volume of 168,910. The stock has a market cap of $514.75 million, a PE ratio of 7.11, a PEG ratio of 0.37 and a beta of 1.10. The company has a quick ratio of 1.12, a current ratio of 2.14 and a debt-to-equity ratio of 12.97. Koppers has a fifty-two week low of $15.00 and a fifty-two week high of $46.30.

In other Koppers news, SVP James A. Sullivan bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was acquired at an average price of $16.43 per share, with a total value of $82,150.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark R. Mccormack sold 2,414 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $17.44, for a total value of $42,100.16. Following the sale, the vice president now directly owns 87,101 shares of the company’s stock, valued at approximately $1,519,041.44. The disclosure for this sale can be found here. Insiders have purchased 73,000 shares of company stock valued at $1,265,210 in the last ninety days. 8.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings in Koppers by 41.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,256 shares of the specialty chemicals company’s stock worth $90,000 after acquiring an additional 1,552 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Koppers by 351.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,802 shares of the specialty chemicals company’s stock worth $116,000 after acquiring an additional 5,296 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in Koppers in the fourth quarter worth approximately $133,000. Squarepoint Ops LLC bought a new position in Koppers in the fourth quarter worth approximately $224,000. Finally, Jefferies Group LLC bought a new position in Koppers in the third quarter worth approximately $233,000. 92.49% of the stock is owned by institutional investors and hedge funds.

About Koppers

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).

Read More: The role of implied volatility with call option volume

Get a free copy of the Zacks research report on Koppers (KOP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Koppers (NYSE:KOP)

Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply