Koppers Holdings Inc. to Post FY2017 Earnings of $3.24 Per Share, Barrington Research Forecasts (KOP)

Koppers Holdings Inc. (NYSE:KOP) – Stock analysts at Barrington Research raised their FY2017 earnings per share (EPS) estimates for Koppers Holdings in a research note issued on Thursday. Barrington Research analyst M. Gall now anticipates that the specialty chemicals company will earn $3.24 per share for the year, up from their previous forecast of $2.95. Barrington Research has a “Outperform” rating and a $55.00 price target on the stock. Barrington Research also issued estimates for Koppers Holdings’ Q4 2017 earnings at $0.51 EPS, Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $3.45 EPS and FY2019 earnings at $3.75 EPS.

Koppers Holdings (NYSE:KOP) last posted its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.26. The company had revenue of $378.00 million for the quarter, compared to analyst estimates of $369.00 million. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. COPYRIGHT VIOLATION NOTICE: This article was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2017/09/16/koppers-holdings-inc-to-post-fy2017-earnings-of-3-24-per-share-barrington-research-forecasts-kop.html.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, August 8th. TheStreet upgraded Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. FBR & Co restated an “outperform” rating and set a $44.00 price target on shares of Koppers Holdings in a research report on Tuesday, July 11th. Jefferies Group LLC cut Koppers Holdings from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $48.00 to $40.00 in a report on Wednesday, May 31st. Finally, ValuEngine upgraded Koppers Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 1st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Koppers Holdings currently has a consensus rating of “Buy” and a consensus price target of $45.40.

Koppers Holdings (NYSE KOP) opened at 40.70 on Friday. The firm has a 50-day moving average price of $38.57 and a 200 day moving average price of $38.96. The firm has a market capitalization of $844.32 million, a price-to-earnings ratio of 20.72 and a beta of 0.97. Koppers Holdings has a 52 week low of $30.09 and a 52 week high of $45.85.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOP. Louisiana State Employees Retirement System lifted its holdings in Koppers Holdings by 1.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the specialty chemicals company’s stock worth $356,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors lifted its holdings in Koppers Holdings by 7.6% in the 1st quarter. Nationwide Fund Advisors now owns 34,593 shares of the specialty chemicals company’s stock worth $1,465,000 after buying an additional 2,452 shares during the period. Wells Fargo & Company MN lifted its holdings in Koppers Holdings by 81.8% in the 1st quarter. Wells Fargo & Company MN now owns 33,403 shares of the specialty chemicals company’s stock worth $1,414,000 after buying an additional 15,026 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Koppers Holdings by 2.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 27,234 shares of the specialty chemicals company’s stock worth $1,152,000 after buying an additional 755 shares during the period. Finally, LSV Asset Management lifted its holdings in Koppers Holdings by 130.1% in the 1st quarter. LSV Asset Management now owns 52,700 shares of the specialty chemicals company’s stock worth $2,231,000 after buying an additional 29,800 shares during the period. Institutional investors and hedge funds own 87.90% of the company’s stock.

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.

Earnings History and Estimates for Koppers Holdings (NYSE:KOP)

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