Koppers Holdings Inc. Expected to Post Q1 2024 Earnings of $0.67 Per Share (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Investment analysts at Barrington Research dropped their Q1 2024 EPS estimates for Koppers in a report released on Tuesday, March 26th. Barrington Research analyst G. Prestopino now expects that the specialty chemicals company will earn $0.67 per share for the quarter, down from their prior estimate of $0.72. Barrington Research currently has a “Outperform” rating and a $64.00 price target on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.59 per share. Barrington Research also issued estimates for Koppers’ Q3 2024 earnings at $1.70 EPS.

Several other research analysts have also commented on the company. Singular Research upgraded Koppers from a “hold” rating to a “buy” rating and set a $67.50 price target for the company in a research report on Wednesday, March 13th. StockNews.com downgraded shares of Koppers from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.50.

Koppers Trading Up 0.8 %

KOP opened at $55.12 on Thursday. The firm has a market cap of $1.16 billion, a P/E ratio of 13.28 and a beta of 1.87. Koppers has a 12 month low of $28.45 and a 12 month high of $58.23. The company has a current ratio of 2.14, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The stock has a 50-day moving average of $52.43 and a 200 day moving average of $46.01.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Wednesday, February 28th. The specialty chemicals company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). The firm had revenue of $513.20 million for the quarter, compared to analysts’ expectations of $483.67 million. Koppers had a net margin of 4.14% and a return on equity of 20.10%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS.

Hedge Funds Weigh In On Koppers

A number of hedge funds have recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in Koppers by 29.2% during the 3rd quarter. Invesco Ltd. now owns 462,789 shares of the specialty chemicals company’s stock worth $18,303,000 after buying an additional 104,590 shares in the last quarter. Skylands Capital LLC acquired a new stake in Koppers during the 3rd quarter worth approximately $1,022,000. Advisor Partners II LLC acquired a new stake in Koppers during the 3rd quarter worth approximately $459,000. Dark Forest Capital Management LP acquired a new stake in Koppers during the 3rd quarter worth approximately $439,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Koppers by 617.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 63,727 shares of the specialty chemicals company’s stock valued at $2,520,000 after purchasing an additional 54,841 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Insiders Place Their Bets

In related news, CEO M Leroy Ball sold 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.51, for a total transaction of $267,550.00. Following the completion of the sale, the chief executive officer now owns 323,080 shares of the company’s stock, valued at approximately $17,288,010.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO M Leroy Ball sold 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $53.51, for a total transaction of $267,550.00. Following the completion of the transaction, the chief executive officer now owns 323,080 shares of the company’s stock, valued at approximately $17,288,010.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Leslie S. Hyde sold 22,403 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $53.91, for a total transaction of $1,207,745.73. Following the transaction, the senior vice president now directly owns 55,658 shares of the company’s stock, valued at approximately $3,000,522.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,591 shares of company stock worth $1,700,094. Company insiders own 7.00% of the company’s stock.

Koppers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were given a $0.07 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.51%. This is an increase from Koppers’s previous quarterly dividend of $0.06. Koppers’s dividend payout ratio is 6.75%.

Koppers Company Profile

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.