Koppers Holdings Inc. Expected to Post FY2017 Earnings of $3.24 Per Share (KOP)
Koppers Holdings Inc. (NYSE:KOP) – Equities research analysts at Barrington Research increased their FY2017 earnings estimates for Koppers Holdings in a note issued to investors on Thursday. Barrington Research analyst M. Gall now anticipates that the specialty chemicals company will post earnings per share of $3.24 for the year, up from their previous forecast of $2.95. Barrington Research has a “Outperform” rating and a $55.00 price objective on the stock. Barrington Research also issued estimates for Koppers Holdings’ Q4 2017 earnings at $0.51 EPS, Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $3.45 EPS and FY2019 earnings at $3.75 EPS.
Koppers Holdings (NYSE:KOP) last posted its earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.26. Koppers Holdings had a net margin of 3.02% and a return on equity of 153.51%. The firm had revenue of $378.00 million during the quarter, compared to analysts’ expectations of $369.00 million. During the same period in the previous year, the business posted $0.93 EPS. The business’s revenue was down 1.8% compared to the same quarter last year.
A number of other equities research analysts also recently commented on the company. ValuEngine raised Koppers Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 1st. Wunderlich upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, June 28th. Zacks Investment Research cut Koppers Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Jefferies Group LLC cut Koppers Holdings from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $48.00 to $40.00 in a research report on Wednesday, May 31st. Finally, FBR & Co reiterated an “outperform” rating and set a $44.00 price objective on shares of Koppers Holdings in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.40.
Shares of Koppers Holdings (NYSE:KOP) opened at 40.70 on Friday. The stock has a market cap of $844.32 million, a price-to-earnings ratio of 20.72 and a beta of 0.97. Koppers Holdings has a one year low of $30.09 and a one year high of $45.85. The company has a 50-day moving average of $38.57 and a 200 day moving average of $38.96.
Hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in Koppers Holdings by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the specialty chemicals company’s stock worth $356,000 after buying an additional 100 shares during the last quarter. Nationwide Fund Advisors boosted its position in Koppers Holdings by 7.6% during the 1st quarter. Nationwide Fund Advisors now owns 34,593 shares of the specialty chemicals company’s stock worth $1,465,000 after acquiring an additional 2,452 shares during the period. Wells Fargo & Company MN boosted its position in Koppers Holdings by 81.8% during the 1st quarter. Wells Fargo & Company MN now owns 33,403 shares of the specialty chemicals company’s stock worth $1,414,000 after acquiring an additional 15,026 shares during the period. Great West Life Assurance Co. Can boosted its position in Koppers Holdings by 2.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 27,234 shares of the specialty chemicals company’s stock worth $1,152,000 after acquiring an additional 755 shares during the period. Finally, LSV Asset Management boosted its position in Koppers Holdings by 130.1% during the 1st quarter. LSV Asset Management now owns 52,700 shares of the specialty chemicals company’s stock worth $2,231,000 after acquiring an additional 29,800 shares during the period. Institutional investors and hedge funds own 87.90% of the company’s stock.
Koppers Holdings 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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