Koppers Holdings Inc. to Post Q2 2024 Earnings of $1.42 Per Share, Barrington Research Forecasts (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Stock analysts at Barrington Research raised their Q2 2024 EPS estimates for shares of Koppers in a report released on Thursday, April 11th. Barrington Research analyst G. Prestopino now anticipates that the specialty chemicals company will earn $1.42 per share for the quarter, up from their prior forecast of $1.30. 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 $4.59 per share. Barrington Research also issued estimates for Koppers’ Q4 2024 earnings at $1.08 EPS, Q1 2025 earnings at $0.74 EPS, Q3 2025 earnings at $1.84 EPS, Q4 2025 earnings at $1.11 EPS and FY2025 earnings at $5.13 EPS.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of Koppers from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Singular Research upgraded shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 price objective for the company in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, Koppers presently has an average rating of “Moderate Buy” and an average target price of $60.50.

Koppers Stock Up 1.2 %

Shares of NYSE:KOP opened at $55.72 on Monday. The stock has a market cap of $1.17 billion, a P/E ratio of 13.43 and a beta of 1.86. The firm has a fifty day moving average price of $53.43 and a 200 day moving average price of $47.45. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.14 and a quick ratio of 0.93. Koppers has a 1-year low of $28.45 and a 1-year high of $58.23.

Koppers (NYSE:KOP) last issued its quarterly earnings results 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 business had revenue of $513.20 million for the quarter, compared to analyst estimates of $483.67 million. Koppers had a return on equity of 20.10% and a net margin of 4.14%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS.

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 dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.28 dividend on an annualized basis and a yield of 0.50%. This is an increase from Koppers’s previous quarterly dividend of $0.06. Koppers’s dividend payout ratio is presently 6.75%.

Insiders Place Their Bets

In other news, CEO M Leroy Ball sold 5,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.51, for a total value of $267,550.00. Following the completion of the transaction, the chief executive officer now owns 323,080 shares in the company, valued at approximately $17,288,010.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO M Leroy Ball sold 5,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $53.51, for a total value of $267,550.00. Following the completion of the transaction, the chief executive officer now owns 323,080 shares in the company, valued at approximately $17,288,010.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO James A. Sullivan sold 700 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $54.01, for a total transaction of $37,807.00. Following the completion of the transaction, the chief operating officer now owns 111,192 shares of the company’s stock, valued at approximately $6,005,479.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,591 shares of company stock worth $1,700,094. 6.55% of the stock is owned by insiders.

Hedge Funds Weigh In On Koppers

A number of large investors have recently made changes to their positions in KOP. Fuller & Thaler Asset Management Inc. grew its stake in Koppers by 9.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,126,729 shares of the specialty chemicals company’s stock valued at $58,528,000 after acquiring an additional 181,916 shares during the last quarter. Millennium Management LLC grew its stake in Koppers by 225.4% in the 2nd quarter. Millennium Management LLC now owns 221,056 shares of the specialty chemicals company’s stock valued at $5,005,000 after acquiring an additional 153,118 shares during the last quarter. Invesco Ltd. grew its stake in Koppers by 29.2% in the 3rd quarter. Invesco Ltd. now owns 462,789 shares of the specialty chemicals company’s stock valued at $18,303,000 after acquiring an additional 104,590 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new stake in Koppers in the 4th quarter valued at about $5,106,000. Finally, Assenagon Asset Management S.A. grew its stake in Koppers by 326.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 123,753 shares of the specialty chemicals company’s stock valued at $4,894,000 after acquiring an additional 94,732 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

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.