Koppers Holdings Inc. (NYSE:KOP) – Investment analysts at B. Riley increased their Q3 2020 EPS estimates for shares of Koppers in a report released on Tuesday, July 28th. B. Riley analyst L. Burke now forecasts that the specialty chemicals company will post earnings of $1.16 per share for the quarter, up from their prior estimate of $0.70. B. Riley has a “Buy” rating and a $35.00 price objective on the stock. B. Riley also issued estimates for Koppers’ Q4 2020 earnings at $0.42 EPS, FY2020 earnings at $3.32 EPS and FY2021 earnings at $3.47 EPS.
Other equities analysts have also recently issued reports about the stock. Barrington Research reissued a “buy” rating and issued a $30.00 price objective on shares of Koppers in a research report on Tuesday, June 30th. ValuEngine cut shares of Koppers from a “sell” rating to a “strong sell” rating in a report on Thursday, July 23rd. Zacks Investment Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Saturday. Finally, Monness Crespi & Hardt lowered their price objective on shares of Koppers from $35.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $29.50.
Shares of NYSE KOP opened at $25.17 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.02 and a debt-to-equity ratio of 9.43. The stock has a fifty day moving average price of $19.41 and a 200 day moving average price of $19.88. The company has a market cap of $532.72 million, a P/E ratio of 7.82 and a beta of 1.89. Koppers has a 12-month low of $8.25 and a 12-month high of $44.75.
Koppers (NYSE:KOP) last released its quarterly earnings data on Monday, July 27th. The specialty chemicals company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.53. The business had revenue of $436.60 million during the quarter, compared to the consensus estimate of $415.00 million. Koppers had a return on equity of 54.49% and a net margin of 4.00%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 EPS.
In related news, Director Albert J. Neupaver bought 3,250 shares of Koppers stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of $15.84 per share, for a total transaction of $51,480.00. 5.25% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. increased its holdings in Koppers by 10.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,774,054 shares of the specialty chemicals company’s stock valued at $21,945,000 after buying an additional 164,799 shares during the period. State Street Corp raised its holdings in Koppers by 3.9% during the 1st quarter. State Street Corp now owns 625,252 shares of the specialty chemicals company’s stock worth $7,734,000 after purchasing an additional 23,426 shares during the last quarter. Schneider Capital Management Corp increased its stake in shares of Koppers by 22.2% in the 1st quarter. Schneider Capital Management Corp now owns 609,683 shares of the specialty chemicals company’s stock valued at $7,542,000 after acquiring an additional 110,728 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Koppers by 33.5% during the 1st quarter. JPMorgan Chase & Co. now owns 480,885 shares of the specialty chemicals company’s stock valued at $5,949,000 after purchasing an additional 120,748 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in Koppers by 325.5% during the 1st quarter. Federated Hermes Inc. now owns 428,725 shares of the specialty chemicals company’s stock valued at $5,303,000 after purchasing an additional 327,966 shares in the last quarter. 90.10% of the stock is currently owned by institutional investors and hedge funds.
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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