Barrington Research Comments on Koppers Holdings Inc.’s Q2 2024 Earnings (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Investment analysts at Barrington Research reduced their Q2 2024 earnings per share (EPS) estimates for Koppers in a report released on Monday, May 6th. Barrington Research analyst G. Prestopino now anticipates that the specialty chemicals company will earn $1.18 per share for the quarter, down from their previous forecast of $1.42. 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’ Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $1.57 EPS and FY2025 earnings at $4.90 EPS.

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

Koppers Stock Performance

Shares of KOP opened at $44.62 on Thursday. The stock has a market capitalization of $945.94 million, a price-to-earnings ratio of 12.57 and a beta of 1.86. Koppers has a 12 month low of $28.45 and a 12 month high of $58.23. The firm has a fifty day simple moving average of $53.22 and a 200 day simple moving average of $48.92. The company has a current ratio of 2.29, a quick ratio of 1.00 and a debt-to-equity ratio of 1.70.

Koppers (NYSE:KOP) last released its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $497.60 million during 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 business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 EPS.

Institutional Trading of Koppers

Hedge funds have recently made changes to their positions in the business. Ables Iannone Moore & Associates Inc. bought a new stake in Koppers in the 4th quarter valued at $26,000. AJOVista LLC acquired a new position in shares of Koppers in the fourth quarter valued at $62,000. Quantbot Technologies LP bought a new position in shares of Koppers in the third quarter valued at about $88,000. SG Americas Securities LLC acquired a new stake in shares of Koppers during the 1st quarter worth about $136,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Koppers during the 3rd quarter worth about $209,000. 92.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Koppers

In other Koppers news, COO James A. Sullivan sold 700 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $54.01, for a total transaction of $37,807.00. Following the sale, the chief operating officer now directly owns 111,192 shares of the company’s stock, valued at $6,005,479.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Joseph P. Dowd sold 3,488 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.61, for a total value of $186,991.68. Following the completion of the sale, the vice president now directly owns 36,969 shares in the company, valued at approximately $1,981,908.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James A. Sullivan sold 700 shares of Koppers stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.01, for a total value of $37,807.00. Following the transaction, the chief operating officer now owns 111,192 shares of the company’s stock, valued at approximately $6,005,479.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,591 shares of company stock valued at $1,700,094. 6.55% of the stock is owned by corporate insiders.

Koppers Announces Dividend

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

Koppers Company Profile

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.