Equities analysts forecast that Koppers Holdings Inc. (NYSE:KOP) will announce sales of $506.30 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Koppers’ earnings, with the highest sales estimate coming in at $510.00 million and the lowest estimate coming in at $502.60 million. Koppers reported sales of $384.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 31.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Koppers will report full-year sales of $1.81 billion for the current fiscal year, with estimates ranging from $1.80 billion to $1.82 billion. For the next financial year, analysts expect that the company will post sales of $1.92 billion per share, with estimates ranging from $1.91 billion to $1.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Koppers.

Koppers (NYSE:KOP) last announced its quarterly earnings data on Thursday, August 9th. The specialty chemicals company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.18). Koppers had a net margin of 1.47% and a return on equity of 79.35%. The company had revenue of $436.00 million during the quarter, compared to the consensus estimate of $490.60 million. During the same quarter in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year.

Several brokerages have weighed in on KOP. Zacks Investment Research downgraded Koppers from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. ValuEngine downgraded Koppers from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. TheStreet upgraded Koppers from a “c” rating to a “b-” rating in a research report on Friday, May 4th. Barrington Research reiterated a “buy” rating and issued a $61.00 price objective on shares of Koppers in a research report on Monday, August 13th. Finally, B. Riley set a $60.00 price objective on Koppers and gave the company a “buy” rating in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.00.

In other news, Treasurer Louann E. Tronsberg-Deihle sold 14,148 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $43.10, for a total transaction of $609,778.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Albert J. Neupaver purchased 5,000 shares of Koppers stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average cost of $35.88 per share, for a total transaction of $179,400.00. Following the completion of the purchase, the director now owns 45,316 shares of the company’s stock, valued at $1,625,938.08. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 31,000 shares of company stock worth $1,099,130 and have sold 37,498 shares worth $1,584,749. 8.70% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of KOP. Piedmont Investment Advisors LLC purchased a new stake in Koppers in the second quarter worth $188,000. WINTON GROUP Ltd purchased a new stake in Koppers in the first quarter worth $206,000. SG Americas Securities LLC purchased a new stake in Koppers in the second quarter worth $215,000. Xact Kapitalforvaltning AB purchased a new stake in Koppers in the first quarter worth $257,000. Finally, Raymond James & Associates purchased a new stake in Koppers in the second quarter worth $301,000. 93.66% of the stock is currently owned by institutional investors.

KOP stock traded up $0.95 during midday trading on Monday, hitting $35.00. The company had a trading volume of 294,007 shares, compared to its average volume of 165,904. The company has a debt-to-equity ratio of 9.65, a quick ratio of 1.05 and a current ratio of 2.03. Koppers has a 52 week low of $33.65 and a 52 week high of $51.80. The company has a market capitalization of $730.61 million, a P/E ratio of 9.51, a PEG ratio of 0.47 and a beta of 0.85.

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).

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Earnings History and Estimates for Koppers (NYSE:KOP)

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