Koppers Holdings Inc. (NYSE:KOP) Issues FY17 Earnings Guidance

Koppers Holdings Inc. (NYSE:KOP) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $3.10-3.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.89. The company issued revenue guidance of $1.4 billion, compared to the consensus revenue estimate of $1.41 billion.

Shares of Koppers Holdings Inc. (NYSE KOP) opened at 39.55 on Friday. The company has a market capitalization of $822.88 million, a price-to-earnings ratio of 24.31 and a beta of 0.97. Koppers Holdings Inc. has a one year low of $28.54 and a one year high of $45.85. The company’s 50-day moving average price is $36.16 and its 200-day moving average price is $39.69.

Koppers Holdings (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.26. The company had revenue of $378 million for the quarter, compared to the consensus estimate of $369 million. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. On average, equities research analysts predict that Koppers Holdings Inc. will post $3.02 earnings per share for the current year.

Several analysts recently weighed in on KOP shares. TheStreet upgraded Koppers Holdings from a c rating to a b- rating in a research note on Thursday. Wunderlich upgraded Koppers Holdings from a hold rating to a buy rating and set a $44.00 price target on the stock in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Koppers Holdings from a hold rating to a buy rating and set a $40.00 price target on the stock in a research note on Wednesday, July 12th. Jefferies Group LLC downgraded Koppers Holdings from a buy rating to a hold rating and cut their price target for the stock from $48.00 to $40.00 in a research note on Wednesday, May 31st. Finally, Barrington Research upped their price objective on Koppers Holdings from $50.00 to $55.00 and gave the company an outperform rating in a research report on Monday, May 15th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $44.60.

In related news, SVP Thomas D. Loadman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $38.92, for a total value of $389,200.00. Following the transaction, the senior vice president now directly owns 48,927 shares of the company’s stock, valued at approximately $1,904,238.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas D. Loadman sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $35.01, for a total value of $105,030.00. Following the completion of the transaction, the senior vice president now directly owns 35,927 shares in the company, 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.