Koppers Holdings Inc. (KOP) Declares Quarterly Dividend of $0.25
Koppers Holdings (NYSE:KOP) declared a quarterly dividend on Wednesday, February 5th, American Banking and Market News reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.25 per share on Monday, April 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.59%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Koppers Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $50.90 price target on the stock. On the ratings front, analysts at Jefferies Group raised their price target on shares of Koppers Holdings from $43.00 to $46.00 in a research note to investors on Friday, November 8th. They now have a “hold” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Koppers Holdings from $44.00 to $50.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Koppers Holdings presently has an average rating of “Hold” and a consensus price target of $49.23.
Shares of Koppers Holdings (NYSE:KOP) traded down 1.29% during mid-day trading on Wednesday, hitting $38.25. The stock had a trading volume of 65,425 shares. Koppers Holdings has a one year low of $34.69 and a one year high of $49.99. The stock’s 50-day moving average is $43.90 and its 200-day moving average is $42.84. The company has a market cap of $777.7 million and a P/E ratio of 14.01.
Koppers Holdings (NYSE:KOP) last announced its earnings results on Thursday, November 7th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.11. The company had revenue of $395.20 million for the quarter, compared to the consensus estimate of $403.30 million. During the same quarter last year, the company posted $0.82 earnings per share. Koppers Holdings’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Koppers Holdings will post $2.77 earnings per share for the current fiscal year.
Koppers Holdings Inc (NYSE:KOP) is a global provider of carbon compounds and commercial wood treatment products and services.
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