Koppers Holdings Inc. (NYSE:KOP) to Post FY2024 Earnings of $4.49 Per Share, Singular Research Forecasts

Koppers Holdings Inc. (NYSE:KOP) – Stock analysts at Singular Research issued their FY2024 earnings estimates for shares of Koppers in a research note issued on Sunday, March 24th. Singular Research analyst M. Mathison expects that the specialty chemicals company will post earnings of $4.49 per share for the year. Singular Research has a “Buy” rating and a $67.50 price objective on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.59 per share. Singular Research also issued estimates for Koppers’ FY2025 earnings at $5.20 EPS.

A number of other analysts also recently issued reports on KOP. StockNews.com downgraded Koppers from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Barrington Research restated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.50.

Koppers Trading Up 0.8 %

Shares of KOP stock opened at $55.12 on Wednesday. The company has a market capitalization of $1.16 billion, a PE ratio of 13.28 and a beta of 1.87. Koppers has a 52-week low of $28.45 and a 52-week high of $58.23. The business’s fifty day moving average is $52.43 and its 200 day moving average is $46.01. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 2.14.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Wednesday, February 28th. The specialty chemicals company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.05). The company had revenue of $513.20 million for the quarter, compared to the consensus estimate of $483.67 million. Koppers had a net margin of 4.14% and a return on equity of 20.10%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share.

Koppers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Koppers’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.51%. Koppers’s payout ratio is currently 6.75%.

Insiders Place Their Bets

In other Koppers news, SVP Leslie S. Hyde sold 22,403 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $53.91, for a total value of $1,207,745.73. Following the transaction, the senior vice president now directly owns 55,658 shares in the company, valued at $3,000,522.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Leslie S. Hyde sold 22,403 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $53.91, for a total value of $1,207,745.73. Following the completion of the transaction, the senior vice president now owns 55,658 shares of the company’s stock, valued at $3,000,522.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO James A. Sullivan sold 700 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $54.01, for a total transaction of $37,807.00. Following the sale, the chief operating officer now directly owns 111,192 shares of the company’s stock, valued at $6,005,479.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,591 shares of company stock valued at $1,700,094. Company insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Koppers by 50.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,176 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 394 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Koppers in the fourth quarter valued at approximately $26,000. Captrust Financial Advisors increased its holdings in Koppers by 122.1% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 553 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Koppers in the 3rd quarter worth $44,000. Finally, AJOVista LLC purchased a new position in shares of Koppers during the fourth quarter valued at $62,000. Hedge funds and other 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.