$507.00 Million in Sales Expected for Koppers Holdings Inc. (NYSE:KOP) This Quarter - Defense World - Financial Daily News Site

$507.00 Million in Sales Expected for Koppers Holdings Inc. (NYSE:KOP) This Quarter – Defense World


Brokerages predict that Koppers Holdings Inc. (NYSE:KOP – Get Rating) will announce $507.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Koppers’ earnings, with the highest sales estimate coming in at $509.00 million and the lowest estimate coming in at $505.00 million. Koppers posted sales of $441.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 15%. The company is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Koppers will report full-year sales of $1.90 billion for the current financial year, with estimates ranging from $1.89 billion to $1.91 billion. For the next financial year, analysts expect that the business will post sales of $1.93 billion, with estimates ranging from $1.93 billion to $1.94 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Koppers.

Koppers (NYSE:KOP – Get Rating) last issued its quarterly earnings results on Friday, May 6th. The specialty chemicals company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.84 by $0.07. The firm had revenue of $459.30 million for the quarter, compared to analysts’ expectations of $424.00 million. Koppers had a net margin of 4.51% and a return on equity of 21.69%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 EPS.

A number of equities analysts recently commented on KOP shares. StockNews.com assumed coverage on shares of Koppers in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of Koppers from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th.

In related news, CAO Bradley A. Pearce sold 1,000 shares of Koppers stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $29.46, for a total transaction of $29,460.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Xudong Feng sold 2,430 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $24.37, for a total transaction of $59,219.10. Following the completion of the transaction, the director now owns 32,840 shares of the company’s stock, valued at $800,310.80. The disclosure for this sale can be found here. Insiders own 6.23% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Captrust Financial Advisors boosted its stake in shares of Koppers by 122.1% in the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 553 shares during the last quarter. Byrne Asset Management LLC boosted its position in Koppers by 80.7% during the first quarter. Byrne Asset Management LLC now owns 1,209 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 540 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in Koppers during the 3rd quarter worth about $99,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Koppers by 66.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,444 shares of the specialty chemicals company’s stock worth $108,000 after acquiring an additional 1,374 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Koppers by 159.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,945 shares of the specialty chemicals company’s stock worth $123,000 after acquiring an additional 2,423 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Koppers stock opened at $28.02 on Monday. The company has a market capitalization of $592.03 million, a price-to-earnings ratio of 7.85 and a beta of 1.87. The stock’s 50 day moving average is $25.86 and its 200-day moving average is $28.68. The company has a current ratio of 2.28, a quick ratio of 1.18 and a debt-to-equity ratio of 1.96. Koppers has a 12 month low of $23.01 and a 12 month high of $37.44.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 13th. Investors of record on Friday, May 27th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, May 26th. Koppers’s dividend payout ratio is 5.60%.

About Koppers (Get Rating)

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 three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

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