Zacks: Analysts Expect Koppers Holdings Inc. (KOP) to Post $1.12 EPS
Equities analysts expect Koppers Holdings Inc. (NYSE:KOP) to report earnings per share of $1.12 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Koppers’ earnings. The highest EPS estimate is $1.17 and the lowest is $1.03. Koppers posted earnings of $1.43 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 21.7%. The business is scheduled to report its next quarterly earnings report on Thursday, November 8th.
On average, analysts expect that Koppers will report full-year earnings of $4.10 per share for the current financial year, with EPS estimates ranging from $4.05 to $4.15. For the next year, analysts anticipate that the business will report earnings of $4.53 per share, with EPS estimates ranging from $4.37 to $4.66. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Koppers.
Koppers (NYSE:KOP) last released its quarterly earnings results on Thursday, August 9th. The specialty chemicals company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.18). Koppers had a net margin of 1.47% and a return on equity of 79.35%. The business had revenue of $436.00 million for the quarter, compared to analyst estimates of $490.60 million. During the same period in the prior year, the business earned $1.18 earnings per share. The company’s revenue for the quarter was up 15.3% on a year-over-year basis.
In other news, insider M Leroy Ball bought 2,000 shares of the stock in a transaction dated Thursday, September 6th. The stock was bought at an average cost of $34.96 per share, with a total value of $69,920.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP James A. Sullivan bought 1,000 shares of the stock in a transaction dated Tuesday, August 14th. The stock was purchased at an average cost of $35.73 per share, with a total value of $35,730.00. The disclosure for this purchase can be found here. Insiders bought a total of 33,000 shares of company stock valued at $1,169,050 over the last three months. Insiders own 8.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position 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 worth $119,174,000 after purchasing an additional 238,200 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position 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 worth $55,170,000 after purchasing an additional 168,733 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Koppers by 3.3% in the 1st quarter. Royal Bank of Canada now owns 907,203 shares of the specialty chemicals company’s stock worth $37,286,000 after purchasing an additional 28,943 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Koppers by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 651,519 shares of the specialty chemicals company’s stock worth $26,777,000 after purchasing an additional 17,212 shares during the last quarter. Finally, Redwood Investments LLC boosted its position in shares of Koppers by 3.0% in the 2nd quarter. Redwood Investments LLC now owns 458,921 shares of the specialty chemicals company’s stock worth $17,600,000 after purchasing an additional 13,477 shares during the last quarter. 89.14% of the stock is owned by institutional investors.
KOP stock traded down $0.43 during midday trading on Monday, reaching $30.00. 189,107 shares of the company’s stock traded hands, compared to its average volume of 133,685. Koppers has a 1-year low of $29.10 and a 1-year high of $51.80. The stock has a market capitalization of $659.67 million, a price-to-earnings ratio of 8.15, a P/E/G ratio of 0.42 and a beta of 0.82. The company has a debt-to-equity ratio of 9.65, a current ratio of 2.03 and a quick ratio of 1.05.
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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