Koppers Holdings Inc. (KOP) to Release Earnings on Thursday
Koppers Holdings Inc. (NYSE:KOP) is set to post its quarterly earnings results before the market opens on Thursday, August 3rd. Analysts expect Koppers Holdings to post earnings of $0.93 per share for the quarter. Koppers Holdings has set its FY17 guidance at $2.80-3.00 EPS.
Koppers Holdings (NYSE:KOP) last posted its earnings results on Friday, May 5th. The specialty chemicals company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.35 by $0.33. The firm had revenue of $346.60 million for the quarter, compared to analyst estimates of $327.10 million. Koppers Holdings had a return on equity of 217.62% and a net margin of 2.47%. Koppers Holdings’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. On average, analysts expect Koppers Holdings to post $2.88 EPS for the current fiscal year and $3.29 EPS for the next fiscal year.
Koppers Holdings Inc. (NYSE KOP) traded down 0.14% during mid-day trading on Thursday, reaching $36.80. The company had a trading volume of 10,909 shares. The company has a market capitalization of $765.66 million, a price-to-earnings ratio of 22.62 and a beta of 0.98. Koppers Holdings Inc. has a 12 month low of $28.54 and a 12 month high of $45.85. The firm’s 50 day moving average price is $36.09 and its 200-day moving average price is $39.80.
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In other news, SVP Thomas D. Loadman sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $35.01, for a total transaction of $105,030.00. Following the completion of the transaction, the senior vice president now directly owns 35,927 shares of the company’s stock, valued at approximately $1,257,804.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Thomas D. Loadman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $38.92, for a total value of $389,200.00. Following the transaction, the senior vice president now directly owns 48,927 shares of the company’s stock, valued at $1,904,238.84. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
Several analysts have commented on KOP shares. Zacks Investment Research downgraded Koppers Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Barrington Research upped their price objective on Koppers Holdings from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Wunderlich raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, June 28th. ValuEngine raised Koppers Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 1st. Finally, Jefferies Group LLC downgraded Koppers Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the company from $48.00 to $40.00 in a research note on Wednesday, May 31st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $44.60.
About Koppers Holdings
Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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