Analysts Issue Forecasts for Koppers Holdings Inc.’s Q3 2024 Earnings (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Barrington Research reduced their Q3 2024 earnings per share (EPS) estimates for Koppers in a note issued to investors on Monday, May 6th. Barrington Research analyst G. Prestopino now expects that the specialty chemicals company will post earnings of $1.41 per share for the quarter, down from their prior forecast of $1.52. Barrington Research has a “Outperform” rating and a $64.00 price objective on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.51 per share. Barrington Research also issued estimates for Koppers’ Q4 2024 earnings at $1.19 EPS, Q1 2025 earnings at $0.72 EPS and Q4 2025 earnings at $1.22 EPS.

Separately, Singular Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 price objective for the company in a report on Wednesday, March 13th.

Koppers Stock Up 0.5 %

Shares of NYSE:KOP opened at $44.62 on Wednesday. The firm’s 50-day moving average is $53.22 and its two-hundred day moving average is $48.92. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.29 and a quick ratio of 1.00. Koppers has a 1 year low of $28.45 and a 1 year high of $58.23. The firm has a market capitalization of $945.94 million, a PE ratio of 12.57 and a beta of 1.86.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Koppers had a return on equity of 17.19% and a net margin of 3.59%. The firm had revenue of $497.60 million for the quarter, compared to the consensus estimate of $497.00 million. During the same quarter in the previous year, the business earned $1.12 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year.

Institutional Investors Weigh In On Koppers

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in Koppers by 29.2% in the third quarter. Invesco Ltd. now owns 462,789 shares of the specialty chemicals company’s stock valued at $18,303,000 after purchasing an additional 104,590 shares in the last quarter. Skylands Capital LLC purchased a new position in shares of Koppers in the 3rd quarter valued at $1,022,000. Dark Forest Capital Management LP acquired a new stake in Koppers during the 3rd quarter worth $439,000. Advisor Partners II LLC purchased a new stake in Koppers in the third quarter valued at $459,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Koppers by 617.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 63,727 shares of the specialty chemicals company’s stock valued at $2,520,000 after acquiring an additional 54,841 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Insider Buying and Selling at Koppers

In other news, CEO M Leroy Ball sold 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $53.51, for a total transaction of $267,550.00. Following the completion of the transaction, the chief executive officer now directly owns 323,080 shares of the company’s stock, valued at $17,288,010.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO M Leroy Ball sold 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $53.51, for a total value of $267,550.00. Following the sale, the chief executive officer now directly owns 323,080 shares in the company, valued at approximately $17,288,010.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Leslie S. Hyde sold 22,403 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $53.91, for a total transaction of $1,207,745.73. Following the transaction, the senior vice president now owns 55,658 shares of the company’s stock, valued at approximately $3,000,522.78. The disclosure for this sale can be found here. Insiders have sold 31,591 shares of company stock valued at $1,700,094 in the last quarter. Corporate insiders own 6.55% of the company’s stock.

Koppers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.28 annualized dividend and a yield of 0.63%. Koppers’s dividend payout ratio (DPR) is 7.89%.

Koppers Company Profile

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.