Brokers Issue Forecasts for Koppers Holdings Inc.’s FY2024 Earnings (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Singular Research issued their FY2024 earnings estimates for Koppers in a note issued to investors on Sunday, March 24th. Singular Research analyst M. Mathison anticipates that the specialty chemicals company will post earnings of $4.49 per share for the year. Singular Research has a “Buy” rating and a $67.50 price target on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.59 per share. Singular Research also issued estimates for Koppers’ FY2025 earnings at $5.20 EPS.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Wednesday, February 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). Koppers had a net margin of 4.14% and a return on equity of 20.10%. The company had revenue of $513.20 million for the quarter, compared to the consensus estimate of $483.67 million. During the same period in the previous year, the business posted $1.09 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year.

Several other equities analysts have also issued reports on KOP. Barrington Research restated an “outperform” rating and set a $64.00 target price on shares of Koppers in a research report on Wednesday, February 28th. StockNews.com downgraded Koppers from a “hold” rating to a “sell” rating in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.50.

Koppers Stock Performance

KOP stock opened at $55.12 on Wednesday. The stock has a market capitalization of $1.16 billion, a PE ratio of 13.28 and a beta of 1.87. Koppers has a fifty-two week low of $28.45 and a fifty-two week high of $58.23. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.14 and a quick ratio of 0.93. The company has a 50 day moving average price of $52.43 and a 200 day moving average price of $46.01.

Koppers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from Koppers’s previous quarterly dividend of $0.06. Koppers’s dividend payout ratio is currently 6.75%.

Insider Buying and Selling

In related news, CEO M Leroy Ball sold 5,000 shares of Koppers stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $53.51, for a total transaction of $267,550.00. Following the completion of the transaction, the chief executive officer now owns 323,080 shares in the company, valued at $17,288,010.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Koppers news, CEO M Leroy Ball sold 5,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $53.51, for a total transaction of $267,550.00. Following the transaction, the chief executive officer now owns 323,080 shares in the company, valued at approximately $17,288,010.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph P. Dowd sold 3,488 shares of Koppers stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $53.61, for a total transaction of $186,991.68. Following the completion of the sale, the vice president now owns 36,969 shares of the company’s stock, valued at $1,981,908.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,591 shares of company stock worth $1,700,094. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Raymond James & Associates grew its holdings in Koppers by 23.2% during the 1st quarter. Raymond James & Associates now owns 11,169 shares of the specialty chemicals company’s stock worth $307,000 after acquiring an additional 2,101 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Koppers by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 229,374 shares of the specialty chemicals company’s stock valued at $6,313,000 after buying an additional 3,781 shares during the period. Citigroup Inc. boosted its holdings in Koppers by 11.1% in the first quarter. Citigroup Inc. now owns 18,887 shares of the specialty chemicals company’s stock valued at $520,000 after acquiring an additional 1,889 shares during the last quarter. Bank of Montreal Can increased its position in Koppers by 6.0% during the 1st quarter. Bank of Montreal Can now owns 7,518 shares of the specialty chemicals company’s stock valued at $212,000 after purchasing an additional 425 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in Koppers by 45.6% in the first quarter. MetLife Investment Management LLC now owns 12,105 shares of the specialty chemicals company’s stock worth $333,000 after purchasing an additional 3,789 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Company Profile

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.