Analysts expect that Koppers (NYSE:KOP) will announce $0.87 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Koppers’ earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.96. Koppers reported earnings per share of $0.68 in the same quarter last year, which suggests a positive year-over-year growth rate of 27.9%. The company is scheduled to report its next earnings report on Friday, May 4th.
On average, analysts expect that Koppers will report full year earnings of $4.25 per share for the current financial year, with EPS estimates ranging from $4.20 to $4.30. For the next financial year, analysts anticipate that the company will post earnings of $4.80 per share, with EPS estimates ranging from $4.54 to $5.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Koppers.
Koppers (NYSE:KOP) last posted its quarterly earnings data on Tuesday, February 27th. The specialty chemicals company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.04). Koppers had a net margin of 1.97% and a return on equity of 94.85%. The firm had revenue of $366.10 million for the quarter, compared to the consensus estimate of $308.05 million. During the same quarter last year, the firm earned $0.40 EPS. The company’s revenue was up 16.9% on a year-over-year basis.
KOP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Koppers from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. TheStreet cut shares of Koppers from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. B. Riley set a $60.00 price objective on shares of Koppers and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, ValuEngine cut shares of Koppers from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.33.
KOP stock traded down $0.25 during mid-day trading on Thursday, reaching $45.55. 53,096 shares of the stock traded hands, compared to its average volume of 116,264. The company has a quick ratio of 0.96, a current ratio of 1.80 and a debt-to-equity ratio of 6.29. Koppers has a one year low of $33.90 and a one year high of $51.80. The stock has a market capitalization of $946.44, a price-to-earnings ratio of 12.34 and a beta of 0.89.
Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of Koppers during the fourth quarter valued at $141,000. LS Investment Advisors LLC boosted its stake in shares of Koppers by 314.0% during the fourth quarter. LS Investment Advisors LLC now owns 2,902 shares of the specialty chemicals company’s stock valued at $148,000 after purchasing an additional 2,201 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Koppers during the third quarter valued at $166,000. First Quadrant L P CA purchased a new stake in shares of Koppers during the fourth quarter valued at $232,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Koppers during the third quarter valued at $246,000. 91.93% of the stock is owned by hedge funds and other institutional investors.
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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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