Koppers Holdings Inc. (NYSE:KOP) – Research analysts at Barrington Research increased their FY2018 EPS estimates for shares of Koppers in a research note issued on Wednesday, according to Zacks Investment Research. Barrington Research analyst M. Gall now expects that the specialty chemicals company will post earnings per share of $4.03 for the year, up from their previous forecast of $3.99. Barrington Research also issued estimates for Koppers’ Q1 2019 earnings at $1.02 EPS, Q2 2019 earnings at $1.16 EPS, Q3 2019 earnings at $1.21 EPS, Q4 2019 earnings at $0.96 EPS and FY2019 earnings at $4.36 EPS.
Several other research firms have also commented on KOP. Zacks Investment Research upgraded Koppers from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. ValuEngine lowered Koppers from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. B. Riley restated a “buy” rating and set a $65.00 price target on shares of Koppers in a research report on Tuesday, December 19th. Finally, TheStreet lowered Koppers from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Koppers currently has an average rating of “Buy” and a consensus target price of $48.33.
Koppers stock traded down $0.45 during mid-day trading on Friday, hitting $40.65. The company’s stock had a trading volume of 106,676 shares, compared to its average volume of 119,317. Koppers has a 1 year low of $33.90 and a 1 year high of $51.80. The firm has a market capitalization of $853.99, a price-to-earnings ratio of 11.05 and a beta of 0.89. The company has a debt-to-equity ratio of 6.29, a quick ratio of 0.96 and a current ratio of 1.80.
Koppers (NYSE:KOP) last issued its quarterly earnings data on Tuesday, February 27th. The specialty chemicals company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The business had revenue of $366.10 million during the quarter, compared to analysts’ expectations of $308.05 million. Koppers had a return on equity of 94.85% and a net margin of 1.97%. The company’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Koppers by 11.3% in the second quarter. State Street Corp now owns 573,048 shares of the specialty chemicals company’s stock valued at $20,716,000 after purchasing an additional 58,405 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Koppers by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,050 shares of the specialty chemicals company’s stock valued at $580,000 after purchasing an additional 474 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Koppers by 12.5% in the second quarter. Public Employees Retirement System of Ohio now owns 11,344 shares of the specialty chemicals company’s stock valued at $410,000 after purchasing an additional 1,259 shares during the period. Nationwide Fund Advisors boosted its holdings in Koppers by 6.2% in the third quarter. Nationwide Fund Advisors now owns 35,797 shares of the specialty chemicals company’s stock valued at $1,652,000 after purchasing an additional 2,105 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in Koppers in the third quarter valued at $195,000. Institutional investors and hedge funds own 91.93% of the company’s stock.
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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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