Brokerages predict that Koppers Holdings Inc. (NYSE:KOP) will post $413.27 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Koppers’ earnings. The lowest sales estimate is $413.00 million and the highest is $413.50 million. Koppers posted sales of $393.10 million in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 23rd.
On average, analysts expect that Koppers will report full-year sales of $1.70 billion for the current year, with estimates ranging from $1.69 billion to $1.74 billion. For the next year, analysts anticipate that the company will report sales of $1.78 billion, with estimates ranging from $1.73 billion to $1.83 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Koppers.
Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, November 4th. The specialty chemicals company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.25). The firm had revenue of $424.80 million for the quarter, compared to the consensus estimate of $445.97 million. Koppers had a return on equity of 23.69% and a net margin of 4.90%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS.
Shares of NYSE KOP opened at $31.46 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.20 and a current ratio of 2.30. Koppers has a 52 week low of $27.91 and a 52 week high of $39.44. The stock has a market capitalization of $671.36 million, a P/E ratio of 8.43 and a beta of 2.01. The stock’s fifty day moving average is $31.85 and its 200 day moving average is $31.89.
Several large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in Koppers by 2,570.0% in the 2nd quarter. US Bancorp DE now owns 801 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 771 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Koppers in the 3rd quarter valued at approximately $32,000. Moors & Cabot Inc. purchased a new position in shares of Koppers in the 3rd quarter valued at approximately $99,000. Macquarie Group Ltd. bought a new position in Koppers during the 3rd quarter valued at approximately $150,000. Finally, Howe & Rusling Inc. increased its position in Koppers by 12.5% during the 2nd quarter. Howe & Rusling Inc. now owns 5,207 shares of the specialty chemicals company’s stock valued at $168,000 after buying an additional 577 shares in the last quarter. Institutional investors own 92.47% of the company’s stock.
Koppers Company Profile
Koppers Holdings, Inc engages in the provision of treated wood products, wood treatment chemicals and carbon compounds. It operates through the following segments: Carbon Materials and Chemicals; Railroad and Utility Products and Services; and Performance Chemicals. The Carbon Materials and Chemicals segment manufactures carbon pitch naphthalene,creosote and carbon black feedstock.
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