$0.99 EPS Expected for Koppers Holdings Inc. (NYSE:KOP) This Quarter

Equities analysts predict that Koppers Holdings Inc. (NYSE:KOP) will post earnings of $0.99 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Koppers’ earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $1.13. Koppers reported earnings of $0.93 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The firm is scheduled to issue its next earnings report on Thursday, August 8th.

According to Zacks, analysts expect that Koppers will report full year earnings of $3.39 per share for the current year, with EPS estimates ranging from $3.30 to $3.58. For the next year, analysts anticipate that the company will post earnings of $4.19 per share, with EPS estimates ranging from $3.91 to $4.50. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Koppers.

Koppers (NYSE:KOP) last released its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Koppers had a net margin of 0.98% and a return on equity of 72.67%. The company had revenue of $434.90 million for the quarter, compared to analysts’ expectations of $413.87 million. During the same quarter last year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis.

KOP has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Koppers from a “sell” rating to a “hold” rating and set a $33.00 price objective on the stock in a report on Wednesday, May 8th. Barrington Research reissued a “buy” rating and set a $34.00 price objective on shares of Koppers in a report on Monday, March 4th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $33.00 target price (up from $28.00) on shares of Koppers in a report on Monday, March 4th. ValuEngine raised shares of Koppers from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, TheStreet raised shares of Koppers from a “d+” rating to a “c” rating in a report on Friday, March 22nd. One equities 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. The company has an average rating of “Buy” and an average target price of $36.20.

KOP stock traded up $0.54 during midday trading on Wednesday, reaching $26.96. 129,808 shares of the company were exchanged, compared to its average volume of 153,503. The company has a current ratio of 1.97, a quick ratio of 0.93 and a debt-to-equity ratio of 12.18. Koppers has a 1-year low of $15.00 and a 1-year high of $40.05. The company’s 50-day moving average price is $28.09. The company has a market capitalization of $547.23 million, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 0.44 and a beta of 1.10.

In other Koppers news, insider Bradley A. Pearce sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $27.75, for a total value of $27,750.00. Following the transaction, the insider now directly owns 16,477 shares of the company’s stock, valued at approximately $457,236.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven R. Lacy sold 29,740 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $29.80, for a total transaction of $886,252.00. Following the completion of the transaction, the insider now directly owns 61,669 shares in the company, valued at $1,837,736.20. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 12,132 shares of company stock worth $355,461 and sold 39,706 shares worth $1,181,189. Insiders own 5.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Phocas Financial Corp. acquired a new position in Koppers in the 4th quarter valued at $3,635,000. Squarepoint Ops LLC acquired a new position in Koppers in the 4th quarter valued at $224,000. New York State Common Retirement Fund increased its stake in Koppers by 56.5% in the 4th quarter. New York State Common Retirement Fund now owns 36,456 shares of the specialty chemicals company’s stock valued at $621,000 after buying an additional 13,156 shares during the period. Arizona State Retirement System boosted its position in shares of Koppers by 2.8% during the 4th quarter. Arizona State Retirement System now owns 31,582 shares of the specialty chemicals company’s stock worth $538,000 after purchasing an additional 862 shares in the last quarter. Finally, Employees Retirement System of Texas boosted its position in shares of Koppers by 61.5% during the 4th quarter. Employees Retirement System of Texas now owns 42,000 shares of the specialty chemicals company’s stock worth $716,000 after purchasing an additional 16,000 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

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).

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