Research Analysts Issue Forecasts for Koppers Holdings Inc.’s FY2017 Earnings (KOP)

Koppers Holdings Inc. (NYSE:KOP) – Equities researchers at B. Riley issued their FY2017 EPS estimates for Koppers Holdings in a report released on Thursday. B. Riley analyst L. Burke anticipates that the specialty chemicals company will post earnings of $3.70 per share for the year. B. Riley also issued estimates for Koppers Holdings’ FY2018 earnings at $3.84 EPS.

Koppers Holdings (NYSE:KOP) last issued its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.55. Koppers Holdings had a return on equity of 153.33% and a net margin of 3.54%. The company had revenue of $384.80 million during the quarter, compared to the consensus estimate of $363.00 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year.

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KOP has been the subject of a number of other research reports. Zacks Investment Research raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, August 8th. TheStreet raised Koppers Holdings from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $40.00 price target on shares of Koppers Holdings in a report on Thursday, October 12th. Finally, Barrington Research reissued an “outperform” rating and issued a $55.00 price target on shares of Koppers Holdings in a report on Thursday, September 14th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Koppers Holdings has a consensus rating of “Buy” and an average target price of $45.40.

Shares of Koppers Holdings (NYSE:KOP) opened at $47.60 on Monday. Koppers Holdings has a 1 year low of $33.90 and a 1 year high of $51.80. The company has a quick ratio of 0.98, a current ratio of 1.81 and a debt-to-equity ratio of 9.26. The firm has a market capitalization of $987.46, a PE ratio of 12.90, a PEG ratio of 0.71 and a beta of 1.02.

Institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC raised its position in shares of Koppers Holdings by 282.8% during the 2nd quarter. Voya Investment Management LLC now owns 33,631 shares of the specialty chemicals company’s stock worth $1,216,000 after purchasing an additional 24,845 shares during the period. First Trust Advisors LP acquired a new stake in shares of Koppers Holdings during the 2nd quarter worth approximately $1,709,000. Prudential Financial Inc. raised its position in shares of Koppers Holdings by 5.1% during the 2nd quarter. Prudential Financial Inc. now owns 284,960 shares of the specialty chemicals company’s stock worth $10,301,000 after purchasing an additional 13,796 shares during the period. AQR Capital Management LLC raised its position in shares of Koppers Holdings by 20.0% during the 1st quarter. AQR Capital Management LLC now owns 110,306 shares of the specialty chemicals company’s stock worth $4,672,000 after purchasing an additional 18,360 shares during the period. Finally, Citigroup Inc. raised its position in shares of Koppers Holdings by 186.7% during the 2nd quarter. Citigroup Inc. now owns 63,150 shares of the specialty chemicals company’s stock worth $2,283,000 after purchasing an additional 41,123 shares during the period. Institutional investors and hedge funds own 87.83% 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 sale, the vice president now owns 19,927 shares in the company, valued at $856,861. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Leslie S. Hyde sold 1,810 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $45.00, for a total value of $81,450.00. Following the sale, the vice president now owns 19,727 shares in the company, 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.

Earnings History and Estimates for Koppers Holdings (NYSE:KOP)

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