Koppers Holdings Inc. (KOP) Expected to Post Quarterly Sales of $309.00 Million

Equities research analysts forecast that Koppers Holdings Inc. (NYSE:KOP) will report sales of $309.00 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Koppers’ earnings, with the lowest sales estimate coming in at $299.30 million and the highest estimate coming in at $318.70 million. Koppers reported sales of $313.20 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.3%. The firm is scheduled to announce its next earnings results 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 financial year, analysts anticipate that the company will report sales of $1.45 billion per share, with estimates ranging from $1.44 billion to $1.47 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Koppers.

Koppers (NYSE:KOP) last issued its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.55. The company had revenue of $384.80 million during the quarter, compared to the consensus estimate of $363.00 million. Koppers had a net margin of 3.54% and a return on equity of 119.06%. Koppers’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS.

Several research analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $65.00 price objective on shares of Koppers in a report on Tuesday, December 19th. Jefferies Group reissued a “hold” rating and set a $40.00 price objective on shares of Koppers in a report on Thursday, October 12th. Barrington Research reissued an “outperform” rating and set a $55.00 price objective on shares of Koppers in a report on Thursday, September 14th. Finally, Zacks Investment Research raised shares of Koppers from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Friday, November 17th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Koppers has an average rating of “Buy” and a consensus price target of $50.17.

Koppers (NYSE KOP) traded down $0.65 on Tuesday, hitting $49.45. 86,010 shares of the company’s stock traded hands, compared to its average volume of 99,800. Koppers has a twelve month low of $33.90 and a twelve month high of $51.80. The company has a market cap of $1,030.00, a P/E ratio of 20.95, a PEG ratio of 0.73 and a beta of 1.02. The company has a debt-to-equity ratio of 6.08, a current ratio of 2.02 and a quick ratio of 1.13.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in shares of Koppers by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 33,677 shares of the specialty chemicals company’s stock valued at $1,217,000 after purchasing an additional 274 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Koppers by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,050 shares of the specialty chemicals company’s stock valued at $580,000 after buying an additional 474 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Koppers by 8.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 7,700 shares of the specialty chemicals company’s stock valued at $278,000 after buying an additional 600 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Koppers by 9.4% during the 2nd quarter. Federated Investors Inc. PA now owns 12,573 shares of the specialty chemicals company’s stock valued at $455,000 after buying an additional 1,076 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Koppers by 12.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,344 shares of the specialty chemicals company’s stock valued at $410,000 after buying an additional 1,259 shares in the last quarter. 89.26% of the stock is owned by institutional investors and hedge funds.

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Koppers 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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Earnings History and Estimates for Koppers (NYSE:KOP)

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