Equities Analysts Issue Forecasts for Koppers Holdings Inc.’s Q3 2024 Earnings (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Equities research analysts at Barrington Research cut their Q3 2024 earnings per share estimates for Koppers in a report released on Monday, May 6th. Barrington Research analyst G. Prestopino now expects that the specialty chemicals company will post earnings of $1.41 per share for the quarter, down from their prior estimate of $1.52. Barrington Research has a “Outperform” rating and a $64.00 price objective 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 $1.19 EPS, Q1 2025 earnings at $0.72 EPS and Q4 2025 earnings at $1.22 EPS.

Koppers (NYSE:KOP) last released its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $497.60 million during the quarter, compared to analyst estimates of $497.00 million. Koppers had a return on equity of 17.19% and a net margin of 3.59%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 earnings per share.

Separately, Singular Research upgraded 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.

Koppers Stock Performance

NYSE:KOP opened at $44.40 on Wednesday. The stock has a market capitalization of $933.73 million, a P/E ratio of 12.51 and a beta of 1.86. The company has a current ratio of 2.29, a quick ratio of 1.00 and a debt-to-equity ratio of 1.70. Koppers has a 1 year low of $28.45 and a 1 year high of $58.23. The firm has a 50 day moving average of $53.47 and a 200-day moving average of $48.95.

Hedge Funds Weigh In On Koppers

Several hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its stake in shares of Koppers by 78.6% in the 1st quarter. Sei Investments Co. now owns 65,018 shares of the specialty chemicals company’s stock valued at $3,587,000 after acquiring an additional 28,605 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Koppers in the first quarter valued at approximately $671,000. Illinois Municipal Retirement Fund raised its holdings in Koppers by 2.4% in the first quarter. Illinois Municipal Retirement Fund now owns 12,767 shares of the specialty chemicals company’s stock worth $704,000 after purchasing an additional 302 shares during the period. SG Americas Securities LLC bought a new position in shares of Koppers during the first quarter worth $136,000. Finally, Empowered Funds LLC increased its position in shares of Koppers by 8.1% in the 1st quarter. Empowered Funds LLC now owns 83,712 shares of the specialty chemicals company’s stock valued at $4,618,000 after buying an additional 6,300 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Insider Transactions at Koppers

In related news, SVP Leslie S. Hyde sold 22,403 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $53.91, for a total value of $1,207,745.73. Following the transaction, the senior vice president now owns 55,658 shares in the company, valued at $3,000,522.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Koppers news, CEO M Leroy Ball sold 5,000 shares of the company’s stock in a transaction 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Leslie S. Hyde sold 22,403 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $53.91, for a total value of $1,207,745.73. Following the completion of the transaction, the senior vice president now owns 55,658 shares in the company, valued at $3,000,522.78. The disclosure for this sale can be found here. Insiders sold a total of 31,591 shares of company stock worth $1,700,094 over the last 90 days. 6.55% of the stock is owned by insiders.

Koppers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 24th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.28 annualized dividend and a dividend yield of 0.63%. Koppers’s dividend payout ratio (DPR) 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.