Koppers Holdings Inc. Expected to Post FY2016 Earnings of $2.40 Per Share (KOP)
Koppers Holdings Inc. (NYSE:KOP) – Stock analysts at Jefferies Group upped their FY2016 earnings per share estimates for Koppers Holdings in a report issued on Monday. Jefferies Group analyst L. Alexander now expects that the firm will earn $2.40 per share for the year, up from their previous estimate of $2.05. Jefferies Group has a “Buy” rating and a $40.00 price objective on the stock.
Koppers Holdings (NYSE:KOP) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.34. The business earned $371.10 million during the quarter, compared to the consensus estimate of $373.40 million. Koppers Holdings had a negative net margin of 4.42% and a positive return on equity of 1,225.00%. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share.
Other research analysts have also issued reports about the company. Zacks Investment Research lowered Koppers Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 12th. Monness Crespi & Hardt lowered Koppers Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, July 18th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $37.80.
Shares of Koppers Holdings (NYSE:KOP) opened at 35.90 on Wednesday. Koppers Holdings has a 12-month low of $13.58 and a 12-month high of $36.70. The firm’s market cap is $741.41 million. The company has a 50-day moving average of $32.57 and a 200 day moving average of $30.19.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOP. Principal Financial Group Inc. raised its position in Koppers Holdings by 3.0% in the third quarter. Principal Financial Group Inc. now owns 149,410 shares of the company’s stock valued at $4,808,000 after buying an additional 4,297 shares in the last quarter. Northern Trust Corp raised its position in Koppers Holdings by 4.2% in the third quarter. Northern Trust Corp now owns 307,860 shares of the company’s stock valued at $9,907,000 after buying an additional 12,519 shares in the last quarter. California State Teachers Retirement System raised its position in Koppers Holdings by 0.7% in the third quarter. California State Teachers Retirement System now owns 43,059 shares of the company’s stock valued at $1,386,000 after buying an additional 300 shares in the last quarter. SG Americas Securities LLC raised its position in Koppers Holdings by 53.2% in the third quarter. SG Americas Securities LLC now owns 5,458 shares of the company’s stock valued at $176,000 after buying an additional 1,896 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Koppers Holdings by 39.2% in the third quarter. Ameriprise Financial Inc. now owns 138,449 shares of the company’s stock valued at $4,456,000 after buying an additional 38,954 shares in the last quarter. Hedge funds and other institutional investors own 88.11% of the company’s stock.
In other Koppers Holdings news, VP Leslie S. Hyde sold 2,850 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $32.48, for a total transaction of $92,568.00. Following the completion of the transaction, the vice president now directly owns 25,432 shares in the company, valued at $826,031.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.69% of the company’s stock.
Koppers Holdings Company Profile
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.
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