Q4 2018 EPS Estimates for Koppers Holdings Inc. Boosted by Analyst (KOP)
Koppers Holdings Inc. (NYSE:KOP) – Stock analysts at Jefferies Group upped their Q4 2018 earnings per share (EPS) estimates for shares of Koppers in a research report issued to clients and investors on Wednesday, April 11th. Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings per share of $0.60 for the quarter, up from their prior estimate of $0.44.
Other research analysts have also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Koppers in a report on Tuesday, December 19th. Zacks Investment Research raised shares of Koppers from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Thursday, March 8th. TheStreet cut shares of Koppers from a “b-” rating to a “c” rating in a report on Tuesday, February 27th. Finally, ValuEngine cut shares of Koppers from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $48.33.
Koppers (NYSE:KOP) last posted its earnings results on Tuesday, February 27th. The specialty chemicals company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). The business had revenue of $366.10 million for the quarter, compared to analyst estimates of $308.05 million. Koppers had a net margin of 1.97% and a return on equity of 94.85%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOP. Nationwide Fund Advisors increased its holdings in Koppers by 6.2% in the third quarter. Nationwide Fund Advisors now owns 35,797 shares of the specialty chemicals company’s stock valued at $1,652,000 after buying an additional 2,105 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Koppers in the third quarter valued at $166,000. Legal & General Group Plc increased its holdings in Koppers by 6.3% in the third quarter. Legal & General Group Plc now owns 40,802 shares of the specialty chemicals company’s stock valued at $1,882,000 after buying an additional 2,429 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Koppers by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 119,758 shares of the specialty chemicals company’s stock worth $5,503,000 after purchasing an additional 7,137 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Koppers by 67.8% during the third quarter. Wells Fargo & Company MN now owns 56,499 shares of the specialty chemicals company’s stock worth $2,607,000 after purchasing an additional 22,822 shares in the last quarter. 91.93% of the stock is owned by institutional investors.
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Koppers Company Profile
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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