Q4 2017 EPS Estimates for Koppers Holdings Inc. (KOP) Cut by B. Riley
Koppers Holdings Inc. (NYSE:KOP) – Equities researchers at B. Riley reduced their Q4 2017 EPS estimates for Koppers Holdings in a research report issued on Thursday. B. Riley analyst L. Burke now expects that the specialty chemicals company will post earnings of $0.41 per share for the quarter, down from their prior forecast of $0.52.
Several other analysts have also weighed in on KOP. Zacks Investment Research lowered shares of Koppers Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. TheStreet upgraded shares of Koppers Holdings from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Barrington Research reiterated an “outperform” rating and issued a $55.00 price objective on shares of Koppers Holdings in a research note on Thursday, September 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $40.00 price objective on shares of Koppers Holdings in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $45.40.
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Koppers Holdings (NYSE:KOP) traded down $2.25 during trading hours on Friday, hitting $48.10. 97,153 shares of the stock traded hands, compared to its average volume of 134,745. The company has a market cap of $1,010.00, a price-to-earnings ratio of 14.37, a P/E/G ratio of 0.81 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.81 and a debt-to-equity ratio of 9.26. Koppers Holdings has a 12 month low of $33.90 and a 12 month high of $51.80.
Koppers Holdings (NYSE:KOP) last released its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.55. The firm had revenue of $384.80 million during the quarter, compared to analyst estimates of $363.00 million. Koppers Holdings had a net margin of 3.02% and a return on equity of 153.51%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of KOP. BlackRock Inc. boosted its holdings in Koppers Holdings by 32,452.7% during the 1st quarter. BlackRock Inc. now owns 2,529,668 shares of the specialty chemicals company’s stock worth $107,130,000 after acquiring an additional 2,521,897 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Koppers Holdings by 25.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the specialty chemicals company’s stock worth $32,535,000 after acquiring an additional 180,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Koppers Holdings by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 2,451,644 shares of the specialty chemicals company’s stock worth $103,828,000 after acquiring an additional 179,784 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Koppers Holdings by 34.7% in the 1st quarter. Teachers Advisors LLC now owns 247,952 shares of the specialty chemicals company’s stock worth $10,501,000 after buying an additional 63,828 shares during the last quarter. Finally, Redwood Investments LLC boosted its holdings in shares of Koppers Holdings by 49.7% in the 2nd quarter. Redwood Investments LLC now owns 185,952 shares of the specialty chemicals company’s stock worth $6,722,000 after buying an additional 61,729 shares during the last quarter. 87.83% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Leslie S. Hyde sold 1,810 shares of Koppers Holdings stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $45.00, for a total value of $81,450.00. Following the completion of the sale, the vice president now owns 19,727 shares of the company’s stock, valued at approximately $887,715. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Leslie S. Hyde sold 1,800 shares of Koppers Holdings stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $43.00, for a total transaction of $77,400.00. Following the completion of the sale, the vice president now directly owns 19,927 shares of the company’s stock, valued at approximately $856,861. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
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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