Koppers Holdings Inc. to Post FY2017 Earnings of $3.15 Per Share, Jefferies Group Forecasts (KOP)
Koppers Holdings Inc. (NYSE:KOP) – Equities research analysts at Jefferies Group boosted their FY2017 earnings estimates for shares of Koppers Holdings in a research note issued on Thursday. Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings per share of $3.15 for the year, up from their prior forecast of $2.95. Jefferies Group has a “Hold” rating and a $40.00 price objective on the stock. Jefferies Group also issued estimates for Koppers Holdings’ Q4 2017 earnings at $0.41 EPS, FY2018 earnings at $3.45 EPS and FY2019 earnings at $3.75 EPS.
A number of other equities research analysts have also recently issued reports on the company. Barrington Research boosted their price objective on Koppers Holdings from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. ValuEngine upgraded Koppers Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 1st. Wunderlich upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Wednesday, June 28th. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, May 3rd. Finally, FBR & Co restated an “outperform” rating and set a $44.00 price objective on shares of Koppers Holdings in a report on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.40.
Koppers Holdings (NYSE:KOP) traded down 1.42% during trading on Monday, reaching $38.30. The company’s stock had a trading volume of 11,046 shares. The stock has a market cap of $796.87 million, a P/E ratio of 23.54 and a beta of 0.97. Koppers Holdings has a 52-week low of $28.54 and a 52-week high of $45.85. The firm’s 50-day moving average is $36.34 and its 200-day moving average is $39.65.
Koppers Holdings (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.92 by $0.26. The firm had revenue of $378 million during the quarter, compared to analysts’ expectations of $369 million. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS.
In other news, SVP Thomas D. Loadman sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $35.01, for a total transaction of $105,030.00. Following the completion of the sale, the senior vice president now owns 35,927 shares in the company, valued at $1,257,804.27. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Thomas D. Loadman sold 10,000 shares of Koppers Holdings stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $38.92, for a total transaction of $389,200.00. Following the completion of the sale, the senior vice president now owns 48,927 shares of the company’s stock, valued at $1,904,238.84. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Koppers Holdings during the fourth quarter worth $7,154,000. Teachers Advisors LLC increased its stake in Koppers Holdings by 473.0% in the fourth quarter. Teachers Advisors LLC now owns 184,124 shares of the specialty chemicals company’s stock worth $7,420,000 after buying an additional 151,992 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in Koppers Holdings during the fourth quarter worth $594,000. Bank of Montreal Can increased its stake in Koppers Holdings by 7.6% in the first quarter. Bank of Montreal Can now owns 73,132 shares of the specialty chemicals company’s stock worth $3,097,000 after buying an additional 5,165 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Koppers Holdings by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the specialty chemicals company’s stock worth $356,000 after buying an additional 100 shares during the last quarter. Institutional investors own 90.18% 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.
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