Koppers Holdings Inc. Expected to Post Q3 2018 Earnings of $1.11 Per Share (KOP)
Koppers Holdings Inc. (NYSE:KOP) – Research analysts at Seaport Global Securities issued their Q3 2018 earnings estimates for Koppers in a research report issued on Tuesday, October 16th. Seaport Global Securities analyst M. Harrison expects that the specialty chemicals company will post earnings per share of $1.11 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $42.00 target price on the stock. Seaport Global Securities also issued estimates for Koppers’ Q4 2018 earnings at $0.86 EPS, FY2018 earnings at $4.09 EPS, Q1 2019 earnings at $1.33 EPS, Q2 2019 earnings at $1.37 EPS, Q3 2019 earnings at $1.47 EPS, Q4 2019 earnings at $1.15 EPS, FY2019 earnings at $5.32 EPS and FY2020 earnings at $5.94 EPS.
Several other research firms have also recently issued reports on KOP. Barrington Research set a $61.00 price target on shares of Koppers and gave the company a “buy” rating in a report on Wednesday, September 5th. ValuEngine cut shares of Koppers from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Zacks Investment Research raised shares of Koppers from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. B. Riley set a $60.00 price target on shares of Koppers and gave the company a “buy” rating in a report on Friday, August 10th. Finally, TheStreet cut shares of Koppers from a “b-” rating to a “c” rating in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.50.
Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 9th. The specialty chemicals company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.18). The company had revenue of $436.00 million during the quarter, compared to analyst estimates of $490.60 million. Koppers had a net margin of 1.47% and a return on equity of 79.35%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 earnings per share.
In related news, VP R. Michael Johnson purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were purchased at an average cost of $35.36 per share, with a total value of $884,000.00. Following the completion of the acquisition, the vice president now directly owns 46,534 shares of the company’s stock, valued at approximately $1,645,442.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Albert J. Neupaver bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were acquired at an average cost of $35.88 per share, for a total transaction of $179,400.00. Following the completion of the acquisition, the director now directly owns 45,316 shares of the company’s stock, valued at approximately $1,625,938.08. The disclosure for this purchase can be found here. Insiders purchased 33,000 shares of company stock worth $1,169,050 over the last ninety days. 8.70% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Koppers by 8.3% during the second quarter. BlackRock Inc. now owns 3,107,537 shares of the specialty chemicals company’s stock worth $119,174,000 after purchasing an additional 238,200 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Koppers by 13.3% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,438,597 shares of the specialty chemicals company’s stock worth $55,170,000 after purchasing an additional 168,733 shares during the period. Royal Bank of Canada raised its holdings in shares of Koppers by 3.3% during the first quarter. Royal Bank of Canada now owns 907,203 shares of the specialty chemicals company’s stock worth $37,286,000 after purchasing an additional 28,943 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Koppers by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 651,519 shares of the specialty chemicals company’s stock worth $26,777,000 after purchasing an additional 17,212 shares during the period. Finally, Redwood Investments LLC raised its holdings in shares of Koppers by 3.0% during the second quarter. Redwood Investments LLC now owns 458,921 shares of the specialty chemicals company’s stock worth $17,600,000 after purchasing an additional 13,477 shares during the period. 88.45% of the stock is currently owned by institutional investors.
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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