Equities Analysts Set Expectations for Koppers Holdings Inc.’s FY2017 Earnings (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Investment analysts at FBR & Co issued their FY2017 earnings estimates for shares of Koppers Holdings in a research note issued to investors on Tuesday. FBR & Co analyst L. Burke anticipates that the specialty chemicals company will earn $2.75 per share for the year. FBR & Co currently has a “Outperform” rating and a $44.00 price target on the stock. FBR & Co also issued estimates for Koppers Holdings’ FY2018 earnings at $3.17 EPS.

KOP has been the subject of several other reports. Zacks Investment Research raised shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Wednesday. Jefferies Group LLC downgraded shares of Koppers Holdings from a “buy” rating to a “hold” rating and decreased their target price for the stock from $48.00 to $40.00 in a research report on Wednesday, May 31st. ValuEngine raised shares of Koppers Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 1st. 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 report on Monday, May 15th. Finally, Wunderlich raised shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Koppers Holdings has a consensus rating of “Buy” and an average target price of $44.60.

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Koppers Holdings (NYSE KOP) opened at 36.55 on Friday. Koppers Holdings has a one year low of $28.54 and a one year high of $45.85. The company has a market cap of $760.46 million, a PE ratio of 22.46 and a beta of 0.98. The stock has a 50 day moving average price of $36.30 and a 200 day moving average price of $40.37.

Koppers Holdings (NYSE:KOP) last announced its quarterly earnings data on Friday, May 5th. The specialty chemicals company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.33. The company had revenue of $346.60 million during the quarter, compared to analysts’ expectations of $327.10 million. Koppers Holdings had a return on equity of 217.62% and a net margin of 2.47%. Koppers Holdings’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS.

A number of large investors have recently modified their holdings of KOP. James Investment Research Inc. purchased a new stake in shares of Koppers Holdings during the first quarter worth about $1,883,000. Louisiana State Employees Retirement System increased its stake in shares of Koppers Holdings by 1.2% in the first 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 last quarter. Bank of Montreal Can increased its stake in shares of Koppers Holdings by 7.6% in the first quarter. Bank of Montreal Can now owns 73,132 shares of the specialty chemicals company’s stock worth $3,097,000 after buying an additional 5,165 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Koppers Holdings during the fourth quarter worth about $594,000. Finally, Teachers Advisors LLC increased its stake in shares of Koppers Holdings by 473.0% in the fourth quarter. Teachers Advisors LLC now owns 184,124 shares of the specialty chemicals company’s stock worth $7,420,000 after buying an additional 151,992 shares during the last quarter. 90.72% of the stock is owned by institutional investors and hedge funds.

In other Koppers Holdings news, SVP Thomas D. Loadman sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $38.92, for a total value of $389,200.00. Following the completion of the sale, the senior vice president now directly owns 48,927 shares of the company’s stock, valued at approximately $1,904,238.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas D. Loadman sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $35.01, for a total transaction of $105,030.00. Following the completion of the sale, the senior vice president now directly owns 35,927 shares of the company’s stock, valued at $1,257,804.27. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Koppers Holdings Company Profile

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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