Koppers Holdings Inc. Forecasted to Earn Q1 2019 Earnings of $1.12 Per Share (KOP)
Koppers Holdings Inc. (NYSE:KOP) – Analysts at Barrington Research boosted their Q1 2019 earnings per share (EPS) estimates for shares of Koppers in a research report issued to clients and investors on Monday, November 12th. Barrington Research analyst C. Howe now anticipates that the specialty chemicals company will earn $1.12 per share for the quarter, up from their prior forecast of $1.11. Barrington Research currently has a “Buy” rating and a $38.00 target price on the stock. Barrington Research also issued estimates for Koppers’ Q4 2019 earnings at $0.98 EPS and FY2019 earnings at $4.29 EPS.
A number of other equities research analysts have also issued reports on KOP. ValuEngine lowered shares of Koppers from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. B. Riley set a $60.00 target price on shares of Koppers and gave the stock a “buy” rating in a report on Friday, August 10th. Zacks Investment Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, August 14th. TheStreet lowered shares of Koppers from a “b-” rating to a “c” rating in a report on Monday, August 13th. Finally, Seaport Global Securities started coverage on shares of Koppers in a report on Tuesday, October 16th. They set a “buy” rating and a $42.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Koppers currently has an average rating of “Buy” and a consensus target price of $37.40.
Koppers (NYSE:KOP) last released its earnings results on Thursday, November 8th. The specialty chemicals company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.38). The business had revenue of $442.70 million for the quarter, compared to analyst estimates of $502.63 million. Koppers had a return on equity of 70.26% and a net margin of 0.68%. Koppers’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share.
In other news, insider M Leroy Ball acquired 22,000 shares of Koppers stock in a transaction dated Monday, November 12th. The shares were acquired at an average cost of $20.01 per share, for a total transaction of $440,220.00. Following the acquisition, the insider now owns 137,822 shares of the company’s stock, valued at $2,757,818.22. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP R. Michael Johnson acquired 50,000 shares of Koppers stock in a transaction dated Monday, November 12th. The stock was purchased at an average price of $20.16 per share, for a total transaction of $1,008,000.00. Following the completion of the acquisition, the vice president now directly owns 96,534 shares in the company, valued at approximately $1,946,125.44. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 74,000 shares of company stock worth $1,518,140. 8.70% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP raised its holdings in shares of Koppers by 67.2% in the 2nd quarter. First Trust Advisors LP now owns 33,362 shares of the specialty chemicals company’s stock valued at $1,279,000 after purchasing an additional 13,404 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Koppers by 8.3% in the 2nd quarter. BlackRock Inc. now owns 3,107,537 shares of the specialty chemicals company’s stock valued at $119,174,000 after purchasing an additional 238,200 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of Koppers by 1,084.4% in the 2nd quarter. Federated Investors Inc. PA now owns 148,194 shares of the specialty chemicals company’s stock valued at $5,683,000 after purchasing an additional 135,682 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Koppers by 13.3% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,438,597 shares of the specialty chemicals company’s stock valued at $55,170,000 after purchasing an additional 168,733 shares in the last quarter. Finally, Raymond James & Associates acquired a new stake in shares of Koppers in the 2nd quarter valued at $301,000. Institutional investors and hedge funds own 87.96% of the company’s stock.
Koppers Company Profile
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).
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