Q2 2024 EPS Estimates for Koppers Holdings Inc. Lifted by Analyst (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Barrington Research boosted their Q2 2024 EPS estimates for shares of Koppers in a research report issued on Thursday, April 11th. Barrington Research analyst G. Prestopino now forecasts that the specialty chemicals company will post earnings per share of $1.42 for the quarter, up from their previous estimate of $1.30. Barrington Research currently has a “Outperform” rating and a $64.00 target price on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.59 per share. Barrington Research also issued estimates for Koppers’ Q4 2024 earnings at $1.08 EPS, Q1 2025 earnings at $0.74 EPS, Q3 2025 earnings at $1.84 EPS, Q4 2025 earnings at $1.11 EPS and FY2025 earnings at $5.13 EPS.

Koppers (NYSE:KOP) last posted its earnings results on Wednesday, February 28th. The specialty chemicals company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). The business had revenue of $513.20 million for the quarter, compared to analysts’ expectations of $483.67 million. Koppers had a net margin of 4.14% and a return on equity of 20.10%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS.

Several other research firms have also recently issued reports on KOP. Singular Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 target price for the company in a research note on Wednesday, March 13th. StockNews.com lowered shares of Koppers from a “hold” rating to a “sell” rating in a report on Friday, December 29th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.50.

Koppers Stock Down 0.3 %

Shares of Koppers stock opened at $55.52 on Monday. The firm’s 50 day moving average price is $53.53 and its 200-day moving average price is $47.56. The company has a quick ratio of 0.93, a current ratio of 2.14 and a debt-to-equity ratio of 1.66. Koppers has a 52-week low of $28.45 and a 52-week high of $58.23. The company has a market cap of $1.17 billion, a P/E ratio of 13.38 and a beta of 1.86.

Institutional Investors Weigh In On Koppers

Hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd raised its stake in shares of Koppers by 1.7% during the 4th quarter. Quadrature Capital Ltd now owns 15,379 shares of the specialty chemicals company’s stock worth $788,000 after buying an additional 251 shares during the last quarter. Barclays PLC raised its stake in shares of Koppers by 1.8% during the 2nd quarter. Barclays PLC now owns 16,274 shares of the specialty chemicals company’s stock worth $555,000 after buying an additional 286 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Koppers by 7.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,330 shares of the specialty chemicals company’s stock worth $182,000 after buying an additional 352 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Koppers by 5.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 6,772 shares of the specialty chemicals company’s stock worth $231,000 after buying an additional 366 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Koppers by 50.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,176 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 394 shares during the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Koppers

In other news, CEO M Leroy Ball sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $53.51, for a total transaction of $267,550.00. Following the transaction, the chief executive officer now directly owns 323,080 shares in the company, valued at $17,288,010.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Joseph P. Dowd sold 3,488 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $53.61, for a total transaction of $186,991.68. Following the completion of the sale, the vice president now directly owns 36,969 shares of the company’s stock, valued at $1,981,908.09. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO M Leroy Ball sold 5,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $53.51, for a total value of $267,550.00. Following the sale, the chief executive officer now directly owns 323,080 shares of the company’s stock, valued at $17,288,010.80. The disclosure for this sale can be found here. Insiders have sold 31,591 shares of company stock worth $1,700,094 over the last three months. Insiders own 6.55% of the company’s stock.

Koppers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a $0.07 dividend. This is a positive change from Koppers’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, March 7th. Koppers’s dividend payout ratio is currently 6.75%.

About Koppers

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.