B. Riley Weighs in on Koppers Holdings Inc.’s FY2017 Earnings (KOP)
Koppers Holdings Inc. (NYSE:KOP) – B. Riley issued their FY2017 earnings estimates for shares of Koppers Holdings in a research report issued to clients and investors on Thursday. B. Riley analyst L. Burke expects that the specialty chemicals company will earn $3.70 per share for the year. B. Riley also issued estimates for Koppers Holdings’ FY2018 earnings at $3.84 EPS.
Several other equities research analysts have also recently issued reports on KOP. Zacks Investment Research cut shares of Koppers Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Barrington Research reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Koppers Holdings in a research report on Thursday, September 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $40.00 price objective on shares of Koppers Holdings in a research report on Thursday, October 12th. Finally, TheStreet raised shares of Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a hold rating, four have assigned 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 price target of $45.40.
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Koppers Holdings (KOP) opened at $47.10 on Monday. The company has a debt-to-equity ratio of 6.08, a current ratio of 2.02 and a quick ratio of 1.13. Koppers Holdings has a 1 year low of $33.90 and a 1 year high of $51.80. The company has a market cap of $987.48, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.71 and a beta of 1.02.
Koppers Holdings (NYSE:KOP) last issued its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $384.80 million during the quarter, compared to analysts’ expectations of $363.00 million. During the same quarter last year, the company posted $0.99 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Koppers Holdings by 7.2% in the second quarter. Vanguard Group Inc. now owns 2,627,991 shares of the specialty chemicals company’s stock valued at $95,002,000 after purchasing an additional 176,347 shares during the period. BlackRock Inc. increased its stake in Koppers Holdings by 32,452.7% in the first quarter. BlackRock Inc. now owns 2,529,668 shares of the specialty chemicals company’s stock valued at $107,130,000 after purchasing an additional 2,521,897 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Koppers Holdings by 1.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,335,151 shares of the specialty chemicals company’s stock valued at $61,617,000 after purchasing an additional 18,959 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Koppers Holdings by 25.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the specialty chemicals company’s stock valued at $32,535,000 after purchasing an additional 180,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Koppers Holdings by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 632,534 shares of the specialty chemicals company’s stock valued at $29,191,000 after purchasing an additional 8,357 shares during the period. Institutional investors own 88.27% of the company’s stock.
In other Koppers Holdings news, VP Leslie S. Hyde sold 1,800 shares of Koppers Holdings stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $77,400.00. Following the transaction, the vice president now directly owns 19,927 shares in the company, valued at $856,861. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Leslie S. Hyde sold 1,810 shares of Koppers Holdings stock in a transaction 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 completion of the transaction, the vice president now owns 19,727 shares in the company, valued at $887,715. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
Koppers Holdings Company Profile
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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