Barrington Research Equities Analysts Cut Earnings Estimates for Koppers Holdings Inc. (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Investment analysts at Barrington Research reduced their Q3 2024 earnings per share (EPS) estimates for shares of Koppers in a note issued to investors on Monday, August 12th. Barrington Research analyst G. Prestopino now expects that the specialty chemicals company will post earnings of $1.28 per share for the quarter, down from their previous forecast of $1.41. Barrington Research has a “Outperform” rating and a $64.00 price target on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.51 per share. Barrington Research also issued estimates for Koppers’ Q4 2024 earnings at $0.96 EPS, Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $1.40 EPS, Q3 2025 earnings at $1.52 EPS, Q4 2025 earnings at $1.11 EPS and FY2025 earnings at $4.66 EPS.

Koppers Trading Up 1.6 %

NYSE:KOP opened at $37.47 on Wednesday. The stock has a 50-day simple moving average of $37.87 and a 200-day simple moving average of $46.22. The stock has a market cap of $794.36 million, a P/E ratio of 10.55 and a beta of 1.85. Koppers has a 1 year low of $33.80 and a 1 year high of $58.23. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.00 and a current ratio of 2.29.

Koppers (NYSE:KOP) last released its quarterly earnings data on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.09. The business had revenue of $563.20 million during the quarter, compared to analysts’ expectations of $589.17 million. Koppers had a return on equity of 17.19% and a net margin of 3.59%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS.

Institutional Trading of Koppers

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Koppers by 41.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,922 shares of the specialty chemicals company’s stock worth $4,606,000 after buying an additional 26,195 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Koppers during the 4th quarter worth approximately $328,000. Louisiana State Employees Retirement System purchased a new position in shares of Koppers during the 4th quarter worth approximately $533,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Koppers by 35.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,782 shares of the specialty chemicals company’s stock worth $347,000 after buying an additional 1,767 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Koppers by 36.4% during the 4th quarter. New York State Common Retirement Fund now owns 23,098 shares of the specialty chemicals company’s stock worth $1,183,000 after buying an additional 6,167 shares in the last quarter. 92.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO M Leroy Ball sold 2,500 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $42.45, for a total value of $106,125.00. Following the completion of the sale, the chief executive officer now directly owns 321,008 shares of the company’s stock, valued at approximately $13,626,789.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 7,500 shares of company stock valued at $319,850. Insiders own 6.55% of the company’s stock.

Koppers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, August 30th. Koppers’s payout ratio is currently 7.89%.

About Koppers

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.