B. Riley Comments on Koppers Holdings Inc.’s Q4 2017 Earnings (KOP)
Koppers Holdings Inc. (NYSE:KOP) – Analysts at B. Riley cut their Q4 2017 earnings per share (EPS) estimates for Koppers Holdings in a note issued to investors on Thursday. B. Riley analyst L. Burke now expects that the specialty chemicals company will post earnings per share of $0.41 for the quarter, down from their prior forecast of $0.52.
Koppers Holdings (NYSE:KOP) last posted its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.55. The business had revenue of $384.80 million during the quarter, compared to analyst estimates of $363.00 million. Koppers Holdings had a net margin of 3.54% and a return on equity of 153.33%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share.
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Several other equities analysts have also weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $40.00 price objective on shares of Koppers Holdings in a research report on Thursday, October 12th. Barrington Research reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Koppers Holdings in a research report on Thursday, September 14th. Zacks Investment Research raised shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, August 8th. Finally, TheStreet raised shares of Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.40.
Koppers Holdings (KOP) opened at $47.60 on Friday. The firm has a market cap of $1,044.53, a P/E ratio of 13.65, a P/E/G ratio of 0.75 and a beta of 1.02. The company has a current ratio of 1.81, a quick ratio of 0.98 and a debt-to-equity ratio of 9.26. Koppers Holdings has a 52-week low of $33.90 and a 52-week high of $51.80.
In other Koppers Holdings news, VP Leslie S. Hyde sold 1,800 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $43.00, for a total transaction of $77,400.00. Following the transaction, the vice president now owns 19,927 shares in the company, valued at $856,861. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Leslie S. Hyde sold 1,810 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $45.00, for a total value of $81,450.00. Following the transaction, the vice president now owns 19,727 shares in the company, valued at approximately $887,715. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in KOP. State of Alaska Department of Revenue grew its holdings in Koppers Holdings by 80.3% during the second quarter. State of Alaska Department of Revenue now owns 4,110 shares of the specialty chemicals company’s stock valued at $148,000 after purchasing an additional 1,830 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Koppers Holdings during the third quarter valued at approximately $166,000. Municipal Employees Retirement System of Michigan grew its holdings in Koppers Holdings by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock valued at $176,000 after purchasing an additional 210 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Koppers Holdings during the third quarter valued at approximately $195,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Koppers Holdings in the second quarter worth $201,000. Institutional investors own 87.83% of the company’s stock.
Koppers Holdings Company Profile
Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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