Equities analysts expect Koppers Holdings Inc. (NYSE:KOP) to announce $416.67 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Koppers’ earnings, with the highest sales estimate coming in at $427.90 million and the lowest estimate coming in at $400.00 million. Koppers posted sales of $425.40 million during the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The business is expected to announce its next quarterly earnings report on Friday, March 6th.
On average, analysts expect that Koppers will report full year sales of $1.80 billion for the current financial year, with estimates ranging from $1.78 billion to $1.81 billion. For the next fiscal year, analysts expect that the business will post sales of $1.87 billion, with estimates ranging from $1.83 billion to $1.89 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Koppers.
Koppers (NYSE:KOP) last issued its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.27. Koppers had a return on equity of 81.83% and a net margin of 2.40%. The company had revenue of $474.90 million for the quarter, compared to the consensus estimate of $485.13 million. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year.
A number of brokerages recently weighed in on KOP. ValuEngine downgraded Koppers from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 20th. Monness Crespi & Hardt raised their price objective on Koppers from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barrington Research raised their price objective on Koppers from $35.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Zacks Investment Research downgraded Koppers from a “hold” rating to a “sell” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.33.
In other Koppers news, insider Steven R. Lacy sold 5,615 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $42.71, for a total value of $239,816.65. Following the completion of the sale, the insider now owns 39,600 shares of the company’s stock, valued at $1,691,316. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northern Trust Corp boosted its holdings in Koppers by 0.4% in the second quarter. Northern Trust Corp now owns 294,667 shares of the specialty chemicals company’s stock worth $8,651,000 after acquiring an additional 1,293 shares in the last quarter. Phocas Financial Corp. raised its stake in shares of Koppers by 16.9% in the third quarter. Phocas Financial Corp. now owns 223,183 shares of the specialty chemicals company’s stock worth $6,519,000 after purchasing an additional 32,293 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Koppers by 8.2% in the second quarter. Bank of America Corp DE now owns 190,473 shares of the specialty chemicals company’s stock worth $5,593,000 after purchasing an additional 14,435 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Koppers in the second quarter worth about $5,521,000. Finally, Invesco Ltd. raised its stake in shares of Koppers by 19.9% in the second quarter. Invesco Ltd. now owns 139,916 shares of the specialty chemicals company’s stock worth $4,108,000 after purchasing an additional 23,200 shares during the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.
KOP stock traded down $0.25 during trading on Friday, reaching $34.74. 93,431 shares of the company traded hands, compared to its average volume of 140,236. Koppers has a 12 month low of $20.60 and a 12 month high of $44.75. The business has a 50 day simple moving average of $36.94 and a 200 day simple moving average of $31.78. The company has a market capitalization of $710.16 million, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.45 and a beta of 1.16. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.92 and a current ratio of 1.96.
Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).
Further Reading: Differences Between Momentum Investing and Long Term Investing
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.