Koppers Holdings Inc. (NYSE:KOP) – Barrington Research issued their Q2 2017 EPS estimates for shares of Koppers Holdings in a report released on Wednesday. Barrington Research analyst M. Gall forecasts that the specialty chemicals company will earn $0.94 per share for the quarter. Barrington Research currently has a “Outperform” rating and a $55.00 price objective on the stock. Barrington Research also issued estimates for Koppers Holdings’ Q3 2017 earnings at $0.87 EPS, Q4 2017 earnings at $0.46 EPS, FY2017 earnings at $2.95 EPS and FY2018 earnings at $3.44 EPS.
Koppers Holdings (NYSE:KOP) last posted its earnings results on Friday, May 5th. The specialty chemicals company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.33. Koppers Holdings had a net margin of 2.47% and a return on equity of 217.62%. The business had revenue of $346.60 million for the quarter, compared to analysts’ expectations of $327.10 million. During the same period in the previous year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year.
Several other brokerages also recently commented on KOP. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Wednesday, May 3rd. Wunderlich upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, June 28th. ValuEngine upgraded Koppers Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 1st. Finally, Jefferies Group LLC downgraded Koppers Holdings from a “buy” rating to a “hold” rating and lowered their price target for the company from $48.00 to $40.00 in a report on Wednesday, May 31st. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.50.
Koppers Holdings (KOP) opened at 36.00 on Friday. Koppers Holdings has a 52-week low of $28.54 and a 52-week high of $45.85. The stock’s 50 day moving average is $36.30 and its 200-day moving average is $40.37. The firm has a market capitalization of $749.02 million, a PE ratio of 22.13 and a beta of 0.98.
Several large investors have recently bought and sold shares of KOP. Envestnet Asset Management Inc. boosted its stake in Koppers Holdings by 24.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,884 shares of the specialty chemicals company’s stock valued at $116,000 after buying an additional 570 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Koppers Holdings during the fourth quarter valued at $928,000. Comerica Bank boosted its stake in Koppers Holdings by 1.4% in the fourth quarter. Comerica Bank now owns 47,226 shares of the specialty chemicals company’s stock valued at $1,924,000 after buying an additional 641 shares in the last quarter. State Street Corp boosted its stake in Koppers Holdings by 4.7% in the fourth quarter. State Street Corp now owns 535,883 shares of the specialty chemicals company’s stock valued at $21,593,000 after buying an additional 23,884 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Koppers Holdings by 473.0% in the fourth quarter. Teachers Advisors LLC now owns 184,124 shares of the specialty chemicals company’s stock valued at $7,420,000 after buying an additional 151,992 shares in the last quarter. 90.72% of the stock is owned by institutional investors.
In other Koppers Holdings news, SVP Thomas D. Loadman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $38.92, for a total transaction of $389,200.00. Following the transaction, the senior vice president now owns 48,927 shares in the company, valued at $1,904,238.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Thomas D. Loadman sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $35.01, for a total value of $105,030.00. Following the transaction, the senior vice president now owns 35,927 shares in the company, valued at approximately $1,257,804.27. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
About Koppers Holdings
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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