Barrington Research Brokers Decrease Earnings Estimates for Koppers Holdings Inc. (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Barrington Research decreased their Q3 2024 earnings estimates for shares of Koppers in a research note issued to investors on Monday, May 6th. Barrington Research analyst G. Prestopino now forecasts that the specialty chemicals company will post earnings of $1.41 per share for the quarter, down from their prior forecast of $1.52. Barrington Research currently has a “Outperform” rating and a $64.00 target price on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.51 per share. Barrington Research also issued estimates for Koppers’ Q4 2024 earnings at $1.19 EPS, Q1 2025 earnings at $0.72 EPS and Q4 2025 earnings at $1.22 EPS.

Separately, Singular Research raised shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 price target for the company in a research note on Wednesday, March 13th.

Koppers Stock Up 0.5 %

Shares of KOP opened at $44.62 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 2.29 and a debt-to-equity ratio of 1.70. Koppers has a 52-week low of $28.45 and a 52-week high of $58.23. The company has a market cap of $945.94 million, a PE ratio of 12.57 and a beta of 1.86. The business has a fifty day moving average of $53.22 and a 200 day moving average of $48.92.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $497.60 million for the quarter, compared to the consensus estimate of $497.00 million. Koppers had a return on equity of 17.19% and a net margin of 3.59%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 earnings per share.

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 24th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Thursday, May 23rd. Koppers’s dividend payout ratio (DPR) is presently 7.89%.

Insider Activity

In other news, CEO M Leroy Ball sold 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $53.51, for a total transaction of $267,550.00. Following the transaction, the chief executive officer now owns 323,080 shares in the company, valued at $17,288,010.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Koppers news, COO James A. Sullivan sold 700 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $54.01, for a total transaction of $37,807.00. Following the sale, the chief operating officer now owns 111,192 shares of the company’s stock, valued at approximately $6,005,479.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO M Leroy Ball sold 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $53.51, for a total value of $267,550.00. Following the completion of the transaction, the chief executive officer now directly owns 323,080 shares of the company’s stock, valued at $17,288,010.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,591 shares of company stock valued at $1,700,094. Corporate insiders own 6.55% of the company’s stock.

Hedge Funds Weigh In On Koppers

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Koppers during the fourth quarter valued at about $26,000. AJOVista LLC purchased a new stake in Koppers during the fourth quarter valued at approximately $62,000. Quantbot Technologies LP acquired a new stake in Koppers in the third quarter valued at approximately $88,000. SG Americas Securities LLC purchased a new position in Koppers in the first quarter worth $136,000. Finally, ProShare Advisors LLC acquired a new position in shares of Koppers during the first quarter worth $225,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.

About Koppers

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 Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.