Equities research analysts predict that Koppers Holdings Inc. (NYSE:KOP) will report sales of $309.00 million for the current quarter, Zacks reports. Two analysts have made estimates for Koppers Holdings’ earnings, with the lowest sales estimate coming in at $299.30 million and the highest estimate coming in at $318.70 million. Koppers Holdings posted sales of $313.20 million during the same quarter last year, which suggests a negative year-over-year growth rate of 1.3%. The company is expected to announce its next quarterly earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Koppers Holdings will report full year sales of $309.00 million for the current year, with estimates ranging from $1.41 billion to $1.45 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.46 billion per share, with estimates ranging from $1.44 billion to $1.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Koppers Holdings.
Koppers Holdings (NYSE:KOP) last issued its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.55. Koppers Holdings had a net margin of 3.54% and a return on equity of 119.06%. The firm had revenue of $384.80 million for the quarter, compared to analysts’ expectations of $363.00 million. During the same quarter last year, the company posted $0.99 earnings per share. Koppers Holdings’s revenue was up 3.7% on a year-over-year basis.
Several equities research analysts have commented on KOP shares. Jefferies Group LLC restated a “hold” rating and issued a $40.00 price target on shares of Koppers Holdings in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Koppers Holdings from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research note on Friday. TheStreet upgraded shares of Koppers Holdings from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, Barrington Research restated an “outperform” rating and issued a $55.00 price target on shares of Koppers Holdings in a research note on Thursday, September 14th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.20.
Koppers Holdings (NYSE:KOP) opened at $47.90 on Friday. The company has a quick ratio of 1.13, a current ratio of 2.02 and a debt-to-equity ratio of 6.08. Koppers Holdings has a twelve month low of $33.90 and a twelve month high of $51.80. The stock has a market cap of $962.59, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.69 and a beta of 1.02.
In related news, VP Leslie S. Hyde sold 1,810 shares of the firm’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 transaction of $81,450.00. Following the transaction, the vice president now 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 available through this hyperlink. Also, VP Leslie S. Hyde sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $43.00, for a total transaction of $77,400.00. Following the transaction, the vice president now owns 19,927 shares in the company, valued at approximately $856,861. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC increased its stake in shares of Koppers Holdings by 282.8% during the second quarter. Voya Investment Management LLC now owns 33,631 shares of the specialty chemicals company’s stock valued at $1,216,000 after acquiring an additional 24,845 shares during the period. First Trust Advisors LP acquired a new position in shares of Koppers Holdings during the second quarter valued at approximately $1,709,000. Prudential Financial Inc. increased its stake in shares of Koppers Holdings by 5.1% during the second quarter. Prudential Financial Inc. now owns 284,960 shares of the specialty chemicals company’s stock valued at $10,301,000 after acquiring an additional 13,796 shares during the period. Citigroup Inc. increased its stake in shares of Koppers Holdings by 186.7% during the second quarter. Citigroup Inc. now owns 63,150 shares of the specialty chemicals company’s stock valued at $2,283,000 after acquiring an additional 41,123 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Koppers Holdings by 6.2% during the second quarter. Ameriprise Financial Inc. now owns 205,588 shares of the specialty chemicals company’s stock valued at $7,431,000 after acquiring an additional 11,915 shares during the period. Institutional investors and hedge funds own 88.27% of the company’s stock.
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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.
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