Equities analysts predict that Koppers Holdings Inc. (NYSE:KOP – Get Rating) will announce sales of $424.00 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Koppers’ earnings, with estimates ranging from $423.00 million to $425.00 million. Koppers reported sales of $407.50 million in the same quarter last year, which indicates a positive year over year growth rate of 4%. The business is expected to report its next earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Koppers will report full year sales of $1.79 billion for the current fiscal year, with estimates ranging from $1.78 billion to $1.81 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.84 billion, with estimates ranging from $1.81 billion to $1.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Koppers.
Koppers (NYSE:KOP – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10. Koppers had a return on equity of 22.91% and a net margin of 5.08%. The firm had revenue of $405.30 million for the quarter, compared to analyst estimates of $411.73 million. During the same period in the previous year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year.
In related news, VP Joseph P. Dowd sold 3,000 shares of the stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $28.51, for a total transaction of $85,530.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Bradley A. Pearce sold 1,000 shares of the stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $29.46, for a total value of $29,460.00. The disclosure for this sale can be found here. 6.08% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Byrne Asset Management LLC lifted its holdings in Koppers by 80.7% during the 1st quarter. Byrne Asset Management LLC now owns 1,209 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Koppers by 66.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,444 shares of the specialty chemicals company’s stock worth $108,000 after buying an additional 1,374 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Koppers by 159.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,945 shares of the specialty chemicals company’s stock worth $123,000 after buying an additional 2,423 shares in the last quarter. Barnett & Company Inc. acquired a new position in Koppers during the 4th quarter worth $141,000. Finally, Macquarie Group Ltd. acquired a new position in Koppers during the 3rd quarter worth $150,000. 92.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KOP opened at $25.54 on Monday. Koppers has a 12-month low of $24.15 and a 12-month high of $39.44. The company has a quick ratio of 1.10, a current ratio of 2.20 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $539.63 million, a price-to-earnings ratio of 6.58 and a beta of 1.93. The stock’s 50-day moving average price is $27.87 and its 200 day moving average price is $30.52.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Friday, March 18th were paid a $0.05 dividend. The ex-dividend date was Thursday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. Koppers’s dividend payout ratio is currently 5.15%.
About Koppers (Get Rating)
Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, 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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