B. Riley Has Optimistic Outlook of Koppers FY2024 Earnings

Koppers Holdings Inc. (NYSE:KOP - Free Report) - B. Riley upped their FY2024 earnings per share estimates for shares of Koppers in a report issued on Monday, November 11th. B. Riley analyst L. Burke now anticipates that the specialty chemicals company will earn $4.24 per share for the year, up from their prior forecast of $4.00. The consensus estimate for Koppers' current full-year earnings is $4.24 per share. B. Riley also issued estimates for Koppers' Q4 2024 earnings at $0.89 EPS and FY2025 earnings at $4.58 EPS.

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

Other research analysts have also recently issued reports about the company. StockNews.com raised Koppers from a "sell" rating to a "hold" rating in a research report on Monday. Barrington Research reiterated an "outperform" rating and set a $64.00 price objective on shares of Koppers in a research report on Tuesday. Finally, Singular Research raised Koppers to a "strong-buy" rating in a research note on Friday, September 20th.

Koppers Stock Down 0.3 %

Koppers stock traded down $0.11 during trading hours on Wednesday, hitting $37.92. The stock had a trading volume of 187,070 shares, compared to its average volume of 145,914. The stock has a market capitalization of $768.64 million, a P/E ratio of 10.72 and a beta of 1.84. Koppers has a 12-month low of $33.80 and a 12-month high of $58.23. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. The stock's 50-day moving average price is $36.39 and its 200-day moving average price is $38.83.

Koppers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 0.74%. Koppers's dividend payout ratio (DPR) is 7.95%.

Insider Activity at Koppers

In related news, VP Joseph P. Dowd sold 5,516 shares of Koppers stock in a transaction that occurred on 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 directly owns 10,300 shares in the company, valued at approximately $388,516. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Koppers

Several hedge funds and other institutional investors have recently modified their holdings of the business. Texas Permanent School Fund Corp increased its position in shares of Koppers by 1.3% during the 1st 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 during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Koppers by 2.4% in the first quarter. Illinois Municipal Retirement Fund now owns 12,767 shares of the specialty chemicals company's stock worth $704,000 after acquiring an additional 302 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of 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 worth $402,000 after purchasing an additional 376 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Koppers by 3.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the specialty chemicals company's stock worth $396,000 after acquiring an additional 400 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Koppers by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 76,772 shares of the specialty chemicals company's stock worth $2,840,000 after buying an additional 423 shares during the last quarter. 92.75% of the stock is owned by hedge funds and other institutional investors.

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.