Research Analysts Issue Forecasts for Koppers Holdings Inc.’s FY2017 Earnings (KOP)
Koppers Holdings Inc. (NYSE:KOP) – Equities researchers at Jefferies Group raised their FY2017 EPS estimates for Koppers Holdings in a report released on Thursday. Jefferies Group analyst L. Alexander now anticipates that the specialty chemicals company will post earnings of $3.15 per share for the year, up from their prior estimate of $2.95. Jefferies Group currently has a “Hold” rating and a $40.00 target price on the stock. Jefferies Group also issued estimates for Koppers Holdings’ Q4 2017 earnings at $0.41 EPS, FY2018 earnings at $3.45 EPS and FY2019 earnings at $3.75 EPS.
Koppers Holdings (NYSE:KOP) last announced its earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.26. Koppers Holdings had a net margin of 3.02% and a return on equity of 153.51%. The firm had revenue of $378 million for the quarter, compared to analyst estimates of $369 million. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue was down 1.8% compared to the same quarter last year.
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Several other research firms have also issued reports on KOP. Barrington Research boosted their price target on shares of Koppers Holdings from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. Zacks Investment Research raised shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, May 3rd. TheStreet raised shares of Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday. ValuEngine raised shares of Koppers Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 1st. Finally, FBR & Co reissued an “outperform” rating and issued a $44.00 price target on shares of Koppers Holdings in a research report on Tuesday, July 11th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.60.
Koppers Holdings (NYSE:KOP) opened at 39.55 on Monday. The firm has a market cap of $822.88 million, a price-to-earnings ratio of 24.31 and a beta of 0.97. The firm’s 50 day moving average is $36.16 and its 200-day moving average is $39.69. Koppers Holdings has a 12 month low of $28.54 and a 12 month high of $45.85.
A number of institutional investors have recently modified their holdings of the stock. Capital One National Association purchased a new position in shares of Koppers Holdings during the first quarter valued at approximately $352,000. Chicago Equity Partners LLC purchased a new position in shares of Koppers Holdings during the first quarter valued at approximately $305,000. LSV Asset Management boosted its position in shares of Koppers Holdings by 130.1% in the first quarter. LSV Asset Management now owns 52,700 shares of the specialty chemicals company’s stock valued at $2,231,000 after buying an additional 29,800 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Koppers Holdings by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 27,234 shares of the specialty chemicals company’s stock valued at $1,152,000 after buying an additional 755 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Koppers Holdings by 81.8% in the first quarter. Wells Fargo & Company MN now owns 33,403 shares of the specialty chemicals company’s stock valued at $1,414,000 after buying an additional 15,026 shares in the last quarter. 90.18% of the stock is owned by institutional investors.
In related news, SVP Thomas D. Loadman sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $38.92, for a total transaction of $389,200.00. Following the completion of the transaction, the senior vice president now owns 48,927 shares of the company’s stock, valued at $1,904,238.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Thomas D. Loadman sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $35.01, for a total transaction of $105,030.00. Following 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 disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
Koppers Holdings Company Profile
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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