Wall Street brokerages expect Koppers Holdings Inc. (NYSE:KOP) to announce earnings per share (EPS) of $0.71 for the current quarter, Zacks reports. Three analysts have provided estimates for Koppers’ earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $1.10. Koppers posted earnings of $1.18 per share during the same quarter last year, which would indicate a negative year over year growth rate of 39.8%. The firm is expected to announce its next quarterly earnings results on Thursday, May 2nd.

On average, analysts expect that Koppers will report full year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.25. For the next year, analysts forecast that the company will post earnings of $4.12 per share, with EPS estimates ranging from $3.94 to $4.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Koppers.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, March 1st. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.15. The firm had revenue of $425.40 million for the quarter, compared to analysts’ expectations of $432.00 million. Koppers had a net margin of 1.37% and a return on equity of 81.39%. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Several research analysts have recently weighed in on the stock. Barrington Research reissued a “buy” rating and set a $34.00 price target on shares of Koppers in a research report on Monday, March 4th. Monness Crespi & Hardt reissued a “buy” rating and set a $33.00 price target (up previously from $28.00) on shares of Koppers in a research report on Monday, March 4th. Finally, TheStreet cut shares of Koppers from a “c-” rating to a “d+” rating in a research report on Friday, December 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Koppers presently has an average rating of “Buy” and an average target price of $37.60.

In related news, VP R. Michael Johnson bought 20,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $25.50 per share, with a total value of $510,000.00. Following the completion of the transaction, the vice president now directly owns 183,787 shares of the company’s stock, valued at approximately $4,686,568.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in Koppers by 41.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,256 shares of the specialty chemicals company’s stock valued at $90,000 after buying an additional 1,552 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Koppers by 351.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,802 shares of the specialty chemicals company’s stock valued at $116,000 after purchasing an additional 5,296 shares during the period. Jefferies Group LLC bought a new position in Koppers in the 3rd quarter valued at $233,000. Dynamic Technology Lab Private Ltd bought a new position in Koppers in the 3rd quarter valued at $237,000. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Koppers during the 3rd quarter worth $239,000. 95.34% of the stock is currently owned by institutional investors.

Shares of KOP stock traded down $1.31 on Tuesday, hitting $24.71. 233,878 shares of the stock traded hands, compared to its average volume of 213,480. The company has a current ratio of 1.81, a quick ratio of 0.86 and a debt-to-equity ratio of 14.61. The stock has a market cap of $507.77 million, a price-to-earnings ratio of 7.06, a PEG ratio of 0.44 and a beta of 1.14. Koppers has a twelve month low of $15.00 and a twelve month high of $46.30.

About Koppers

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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