Barrington Research Reduces Earnings Estimates for Koppers

Koppers Holdings Inc. (NYSE:KOP - Free Report) - Research analysts at Barrington Research dropped their Q4 2024 earnings per share (EPS) estimates for shares of Koppers in a report issued on Tuesday, November 12th. Barrington Research analyst G. Prestopino now expects that the specialty chemicals company will earn $0.93 per share for the quarter, down from their previous forecast of $0.96. Barrington Research currently has a "Outperform" rating and a $64.00 target price on the stock. The consensus estimate for Koppers' current full-year earnings is $4.24 per share. Barrington Research also issued estimates for Koppers' Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $1.30 EPS, Q4 2025 earnings at $0.96 EPS, Q1 2026 earnings at $0.59 EPS, Q2 2026 earnings at $1.45 EPS, Q3 2026 earnings at $1.45 EPS and FY2026 earnings at $4.58 EPS.

Several other research analysts also recently weighed in on the stock. StockNews.com raised shares of Koppers from a "sell" rating to a "hold" rating in a report on Monday. Singular Research upgraded Koppers to a "strong-buy" rating in a research report on Friday, September 20th.

Koppers Price Performance

Shares of NYSE KOP traded down $0.36 during midday trading on Thursday, reaching $37.56. The stock had a trading volume of 142,110 shares, compared to its average volume of 145,897. The company has a market capitalization of $761.34 million, a price-to-earnings ratio of 10.77 and a beta of 1.84. Koppers has a 12-month low of $33.80 and a 12-month high of $58.23. The stock has a 50-day moving average of $36.39 and a 200-day moving average of $38.82. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54.

Koppers (NYSE:KOP - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.12. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The firm had revenue of $554.30 million for the quarter, compared to analysts' expectations of $571.80 million. During the same period in the previous year, the firm earned $1.32 EPS. The business's quarterly revenue was up .7% on a year-over-year basis.

Koppers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.75%. Koppers's dividend payout ratio is currently 7.95%.

Insiders Place Their Bets

In other news, VP Joseph P. Dowd sold 5,516 shares of the firm's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $37.72, for a total transaction of $208,063.52. Following the completion of the transaction, the vice president now owns 10,300 shares in the company, valued at $388,516. This trade represents a 34.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.55% of the company's stock.

Hedge Funds Weigh In On Koppers

Several large investors have recently modified their holdings of KOP. Texas Permanent School Fund Corp grew its stake in Koppers by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 18,224 shares of the specialty chemicals company's stock worth $1,005,000 after purchasing an additional 236 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Koppers by 2.4% during the first quarter. Illinois Municipal Retirement Fund now owns 12,767 shares of the specialty chemicals company's stock valued at $704,000 after purchasing an additional 302 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Koppers by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,878 shares of the specialty chemicals company's stock valued at $402,000 after buying an additional 376 shares during the period. Louisiana State Employees Retirement System raised its stake in Koppers by 3.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the specialty chemicals company's stock worth $396,000 after buying an additional 400 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Koppers by 0.6% during the second quarter. Federated Hermes Inc. now owns 76,772 shares of the specialty chemicals company's stock valued at $2,840,000 after purchasing an additional 423 shares in the last quarter. Institutional investors own 92.75% of the company's stock.

Koppers Company Profile

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.