Zacks: Brokerages Expect Koppers Holdings Inc. (KOP) Will Announce Quarterly Sales of $468.03 Million
Analysts expect Koppers Holdings Inc. (NYSE:KOP) to report sales of $468.03 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Koppers’ earnings. The highest sales estimate is $475.30 million and the lowest is $458.90 million. Koppers posted sales of $366.10 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.8%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 26th.
On average, analysts expect that Koppers will report full year sales of $1.81 billion for the current year, with estimates ranging from $1.80 billion to $1.82 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.92 billion, with estimates ranging from $1.91 billion to $1.94 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Koppers.
Koppers (NYSE:KOP) last issued its quarterly earnings results on Thursday, November 8th. The specialty chemicals company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.38). The firm had revenue of $442.70 million during the quarter, compared to the consensus estimate of $502.63 million. Koppers had a net margin of 1.47% and a return on equity of 79.35%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share.
Shares of Koppers stock traded down $1.86 during trading on Friday, reaching $19.80. The stock had a trading volume of 790,847 shares, compared to its average volume of 157,228. The firm has a market cap of $599.10 million, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 0.38 and a beta of 0.93. Koppers has a 52 week low of $19.79 and a 52 week high of $51.65. The company has a debt-to-equity ratio of 9.65, a current ratio of 2.03 and a quick ratio of 1.05.
In related news, VP R. Michael Johnson bought 25,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average price of $35.36 per share, with a total value of $884,000.00. Following the completion of the transaction, the vice president now owns 46,534 shares in the company, valued at $1,645,442.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider M Leroy Ball bought 2,000 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was bought at an average cost of $34.96 per share, for a total transaction of $69,920.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 33,000 shares of company stock worth $1,169,050. 8.70% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Koppers by 8.3% in the second quarter. BlackRock Inc. now owns 3,107,537 shares of the specialty chemicals company’s stock valued at $119,174,000 after acquiring an additional 238,200 shares during the last quarter. First Trust Advisors LP increased its position in shares of Koppers by 67.2% in the second quarter. First Trust Advisors LP now owns 33,362 shares of the specialty chemicals company’s stock valued at $1,279,000 after acquiring an additional 13,404 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of Koppers by 1,084.4% in the second quarter. Federated Investors Inc. PA now owns 148,194 shares of the specialty chemicals company’s stock valued at $5,683,000 after acquiring an additional 135,682 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Koppers by 13.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,438,597 shares of the specialty chemicals company’s stock valued at $55,170,000 after acquiring an additional 168,733 shares during the last quarter. Finally, Raymond James & Associates acquired a new stake in shares of Koppers in the second quarter valued at about $301,000. 88.10% of the stock is currently owned by institutional investors and hedge funds.
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).
Further Reading: What are trading strategies for the 52-week high/low?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.