Equities Analysts Set Expectations for Koppers Holdings Inc.’s FY2017 Earnings (KOP)
Koppers Holdings Inc. (NYSE:KOP) – Equities research analysts at Barrington Research lifted their FY2017 earnings per share (EPS) estimates for Koppers Holdings in a report released on Thursday. Barrington Research analyst M. Gall now forecasts that the specialty chemicals company will earn $3.24 per share for the year, up from their prior forecast of $2.95. Barrington Research has a “Outperform” rating and a $55.00 price target on the stock. Barrington Research also issued estimates for Koppers Holdings’ Q4 2017 earnings at $0.51 EPS, Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $3.45 EPS and FY2019 earnings at $3.75 EPS.
Koppers Holdings (NYSE:KOP) last released its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, beating 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 $378.00 million for the quarter, compared to the consensus estimate of $369.00 million. During the same period last year, the firm earned $0.93 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “Equities Analysts Set Expectations for Koppers Holdings Inc.’s FY2017 Earnings (KOP)” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/15/equities-analysts-set-expectations-for-koppers-holdings-inc-s-fy2017-earnings-kop.html.
A number of other research firms also recently issued reports on KOP. TheStreet raised shares of Koppers Holdings from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, August 8th. Jefferies Group LLC downgraded shares of Koppers Holdings from a “buy” rating to a “hold” rating and reduced their price target for the company from $48.00 to $40.00 in a research note on Wednesday, May 31st. ValuEngine upgraded shares of Koppers Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 1st. Finally, FBR & Co restated an “outperform” rating and issued a $44.00 price objective on shares of Koppers Holdings in a report on Tuesday, July 11th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Koppers Holdings has an average rating of “Buy” and a consensus price target of $45.40.
Koppers Holdings (KOP) opened at 40.60 on Friday. The stock’s 50 day moving average is $38.45 and its 200-day moving average is $38.99. The company has a market capitalization of $842.25 million, a P/E ratio of 20.67 and a beta of 0.97. Koppers Holdings has a 1-year low of $29.50 and a 1-year high of $45.85.
Hedge funds have recently made changes to their positions in the stock. US Bancorp DE grew its holdings in shares of Koppers Holdings by 111.7% in the first quarter. US Bancorp DE now owns 2,532 shares of the specialty chemicals company’s stock valued at $107,000 after purchasing an additional 1,336 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Koppers Holdings in the first quarter valued at approximately $112,000. Envestnet Asset Management Inc. grew its holdings in shares of Koppers Holdings by 0.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,902 shares of the specialty chemicals company’s stock valued at $124,000 after purchasing an additional 18 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Koppers Holdings by 80.3% in the second quarter. State of Alaska Department of Revenue now owns 4,110 shares of the specialty chemicals company’s stock valued at $148,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of Koppers Holdings by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock valued at $176,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 87.90% of the company’s stock.
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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