Q1 2018 EPS Estimates for Koppers Holdings Inc. Lifted by Barrington Research (KOP)

Koppers Holdings Inc. (NYSE:KOP) – Investment analysts at Barrington Research boosted their Q1 2018 earnings per share (EPS) estimates for shares of Koppers in a research note issued on Thursday, April 12th. Barrington Research analyst M. Gall now anticipates that the specialty chemicals company will post earnings of $0.86 per share for the quarter, up from their previous estimate of $0.84. Barrington Research also issued estimates for Koppers’ Q2 2018 earnings at $1.15 EPS, Q3 2018 earnings at $1.27 EPS, FY2018 earnings at $4.20 EPS, Q1 2019 earnings at $1.01 EPS, Q2 2019 earnings at $1.19 EPS, Q3 2019 earnings at $1.34 EPS, Q4 2019 earnings at $1.00 EPS and FY2019 earnings at $4.54 EPS.

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Koppers (NYSE:KOP) last posted its earnings results on Tuesday, February 27th. The specialty chemicals company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.04). Koppers had a return on equity of 94.85% and a net margin of 1.97%. The business had revenue of $366.10 million for the quarter, compared to analysts’ expectations of $308.05 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Koppers’s quarterly revenue was up 16.9% compared to the same quarter last year.

Several other equities analysts have also recently commented on KOP. B. Riley restated a “buy” rating and set a $65.00 target price on shares of Koppers in a research report on Tuesday, December 19th. Zacks Investment Research cut Koppers from a “strong-buy” rating to a “sell” rating in a report on Wednesday, January 17th. ValuEngine cut Koppers from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, TheStreet cut Koppers from a “b-” rating to a “c” rating in a report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Koppers presently has an average rating of “Buy” and a consensus price target of $48.33.

Koppers stock opened at $45.55 on Monday. Koppers has a 52 week low of $33.90 and a 52 week high of $51.80. The company has a debt-to-equity ratio of 6.29, a current ratio of 1.80 and a quick ratio of 0.96. The stock has a market cap of $922.56, a P/E ratio of 12.39 and a beta of 0.89.

Several institutional investors and hedge funds have recently bought and sold shares of KOP. Acadian Asset Management LLC purchased a new position in shares of Koppers in the 4th quarter worth about $141,000. LS Investment Advisors LLC boosted its holdings in shares of Koppers by 314.0% in the 4th quarter. LS Investment Advisors LLC now owns 2,902 shares of the specialty chemicals company’s stock worth $148,000 after purchasing an additional 2,201 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Koppers in the 3rd quarter worth about $166,000. Piedmont Investment Advisors LLC purchased a new position in shares of Koppers in the 3rd quarter worth about $209,000. Finally, First Quadrant L P CA purchased a new position in shares of Koppers in the 4th quarter worth about $232,000. Hedge funds and other institutional investors 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).

Earnings History and Estimates for Koppers (NYSE:KOP)

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