$309.00 Million in Sales Expected for Koppers Holdings Inc. (KOP) This Quarter
Wall Street analysts expect that Koppers Holdings Inc. (NYSE:KOP) will post sales of $309.00 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Koppers’ earnings, with the highest sales estimate coming in at $318.70 million and the lowest estimate coming in at $299.30 million. Koppers posted sales of $313.20 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.3%. The company is expected to issue its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Koppers will report full-year sales of $309.00 million for the current fiscal year, with estimates ranging from $1.41 billion to $1.45 billion. For the next year, analysts anticipate that the business will post sales of $1.46 billion per share, with estimates ranging from $1.44 billion to $1.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Koppers.
Koppers (NYSE:KOP) last posted its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.55. The company had revenue of $384.80 million during the quarter, compared to analyst estimates of $363.00 million. Koppers had a return on equity of 119.06% and a net margin of 3.54%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 earnings per share.
Koppers (NYSE:KOP) opened at $50.15 on Tuesday. The company has a market capitalization of $1,045.57, a P/E ratio of 13.66, a PEG ratio of 0.75 and a beta of 1.01. Koppers has a fifty-two week low of $33.90 and a fifty-two week high of $51.80. The company has a current ratio of 2.02, a quick ratio of 1.13 and a debt-to-equity ratio of 6.08.
In other Koppers news, VP Leslie S. Hyde sold 1,810 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total transaction of $81,450.00. Following the completion of the transaction, the vice president now directly owns 19,727 shares of the company’s stock, valued at approximately $887,715. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Leslie S. Hyde sold 1,800 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $77,400.00. Following the transaction, the vice president now directly owns 19,927 shares of the company’s stock, valued at $856,861. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Koppers by 7.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,627,991 shares of the specialty chemicals company’s stock valued at $95,002,000 after purchasing an additional 176,347 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Koppers by 1.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,335,151 shares of the specialty chemicals company’s stock valued at $61,617,000 after purchasing an additional 18,959 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Koppers by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 632,534 shares of the specialty chemicals company’s stock valued at $29,191,000 after purchasing an additional 8,357 shares in the last quarter. State Street Corp boosted its stake in Koppers by 11.3% during the 2nd quarter. State Street Corp now owns 573,048 shares of the specialty chemicals company’s stock valued at $20,716,000 after purchasing an additional 58,405 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Koppers by 4.2% during the 2nd quarter. Northern Trust Corp now owns 326,153 shares of the specialty chemicals company’s stock valued at $11,791,000 after purchasing an additional 13,077 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.
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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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