Koppers Holdings Inc. (KOP) Announces Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Koppers Holdings Inc. (NYSE:KOP) released its quarterly earnings results on Friday. The specialty chemicals company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.33. The firm had revenue of $346.60 million for the quarter, compared to analyst estimates of $327.10 million. Koppers Holdings had a negative net margin of 4.42% and a positive return on equity of 1,225.00%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. Koppers Holdings updated its FY17 guidance to $2.80-3.00 EPS.

Shares of Koppers Holdings (NYSE:KOP) traded up 1.35% during midday trading on Friday, reaching $37.50. 27,196 shares of the company were exchanged. The company has a market capitalization of $780.23 million, a PE ratio of 23.05 and a beta of 0.92. The stock’s 50-day moving average price is $40.95 and its 200-day moving average price is $40.66. Koppers Holdings has a 52-week low of $23.61 and a 52-week high of $45.85.

Earnings History for Koppers Holdings (NYSE:KOP)

In other news, SVP Thomas D. Loadman sold 3,381 shares of the stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $44.85, for a total transaction of $151,637.85. Following the transaction, the senior vice president now directly owns 39,438 shares in the company, valued at approximately $1,768,794.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Hillenbrand sold 6,500 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $44.12, for a total value of $286,780.00. Following the transaction, the director now owns 13,992 shares in the company, valued at $617,327.04. The disclosure for this sale can be found here. Insiders have sold a total of 19,881 shares of company stock worth $827,618 over the last quarter. Corporate insiders own 4.69% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in shares of Koppers Holdings by 20.0% in the first quarter. AQR Capital Management LLC now owns 110,306 shares of the specialty chemicals company’s stock valued at $4,672,000 after buying an additional 18,360 shares during the period. Gotham Asset Management LLC raised its position in Koppers Holdings by 84.0% in the first quarter. Gotham Asset Management LLC now owns 83,740 shares of the specialty chemicals company’s stock valued at $3,546,000 after buying an additional 38,229 shares during the last quarter. Bank of America Corp DE raised its position in Koppers Holdings by 9.6% in the first quarter. Bank of America Corp DE now owns 182,477 shares of the specialty chemicals company’s stock valued at $7,728,000 after buying an additional 15,919 shares during the last quarter. Lucus Advisors LLC bought a new position in Koppers Holdings during the first quarter valued at about $411,000. Finally, BlackRock Inc. raised its position in Koppers Holdings by 32,452.7% in the first quarter. BlackRock Inc. now owns 2,529,668 shares of the specialty chemicals company’s stock valued at $107,130,000 after buying an additional 2,521,897 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Wednesday, April 5th. Barrington Research boosted their target price on shares of Koppers Holdings from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Koppers Holdings presently has a consensus rating of “Hold” and a consensus price target of $45.25.

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About Koppers Holdings

Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.

5 Day Chart for NYSE:KOP

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