Zacks: Analysts Anticipate Koppers Holdings Inc. (KOP) Will Post Quarterly Sales of $309.00 Million

Analysts predict that Koppers Holdings Inc. (NYSE:KOP) will announce $309.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued 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 during the same quarter last year, which would suggest a negative year over year growth rate of 1.3%. The business is scheduled to report its next quarterly 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 financial year, with estimates ranging from $1.41 billion to $1.45 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.45 billion per share, with estimates ranging from $1.44 billion to $1.47 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Koppers.

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

Several brokerages have weighed in on KOP. Zacks Investment Research downgraded Koppers from a “strong-buy” rating to a “sell” rating in a report on Wednesday, January 17th. B. Riley restated a “buy” rating and set a $65.00 price target on shares of Koppers in a report on Tuesday, December 19th. Finally, ValuEngine downgraded Koppers from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.17.

Shares of Koppers (NYSE KOP) opened at $39.65 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.13 and a debt-to-equity ratio of 6.08. Koppers has a 1-year low of $33.90 and a 1-year high of $51.80. The firm has a market capitalization of $822.56, a PE ratio of 17.16 and a beta of 0.85.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOP. Acadian Asset Management LLC purchased a new position in shares of Koppers in the 4th quarter valued at about $141,000. LS Investment Advisors LLC boosted its position in shares of Koppers by 314.0% in the 4th quarter. LS Investment Advisors LLC now owns 2,902 shares of the specialty chemicals company’s stock valued at $148,000 after purchasing an additional 2,201 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Koppers in the 3rd quarter valued at about $166,000. Victory Capital Management Inc. acquired a new stake in shares of Koppers in the 3rd quarter valued at about $195,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Koppers in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

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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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