Analysts Anticipate Koppers Holdings Inc. (KOP) Will Post Quarterly Sales of $309.00 Million
Analysts forecast that Koppers Holdings Inc. (NYSE:KOP) will report $309.00 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Koppers’ earnings. The highest sales estimate is $318.70 million and the lowest is $299.30 million. Koppers posted sales of $313.20 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.3%. The business is expected 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 year, analysts anticipate that the firm will post sales of $1.46 billion per share, with estimates ranging from $1.44 billion to $1.50 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Koppers.
Koppers (NYSE:KOP) last issued its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $363.00 million. During the same period last year, the business posted $0.99 earnings per share. Koppers’s revenue was up 3.7% on a year-over-year basis.
In other news, VP Leslie S. Hyde sold 1,810 shares of Koppers stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total value of $81,450.00. Following the transaction, the vice president now owns 19,727 shares in the company, valued at $887,715. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Leslie S. Hyde sold 1,800 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $43.00, for a total value of $77,400.00. Following the completion of the sale, the vice president now directly owns 19,927 shares in the company, valued at $856,861. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Koppers by 7.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,627,991 shares of the specialty chemicals company’s stock worth $95,002,000 after purchasing an additional 176,347 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Koppers by 1.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,335,151 shares of the specialty chemicals company’s stock worth $61,617,000 after purchasing an additional 18,959 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Koppers by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 632,534 shares of the specialty chemicals company’s stock worth $29,191,000 after purchasing an additional 8,357 shares in the last quarter. State Street Corp boosted its position in shares of Koppers by 11.3% in the 2nd quarter. State Street Corp now owns 573,048 shares of the specialty chemicals company’s stock worth $20,716,000 after purchasing an additional 58,405 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Koppers by 4.2% in the 2nd quarter. Northern Trust Corp now owns 326,153 shares of the specialty chemicals company’s stock worth $11,791,000 after purchasing an additional 13,077 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Koppers (NYSE KOP) traded down $0.95 during trading on Tuesday, hitting $48.55. The stock had a trading volume of 81,200 shares, compared to its average volume of 120,362. Koppers has a 52-week low of $33.90 and a 52-week high of $51.80. The company has a quick ratio of 1.13, a current ratio of 2.02 and a debt-to-equity ratio of 6.08. The company has a market capitalization of $1,030.00, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.73 and a beta of 1.01.
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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