Koppers (KOP) Releases Quarterly Earnings Results, Misses Estimates By $0.38 EPS

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Koppers (NYSE:KOP) released its quarterly earnings results on Thursday. The specialty chemicals company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.38), MarketWatch Earnings reports. Koppers had a return on equity of 79.35% and a net margin of 1.47%. The business had revenue of $442.70 million during the quarter, compared to analyst estimates of $502.63 million. During the same quarter last year, the firm posted $1.43 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. Koppers updated its FY18 guidance to $3.30-3.40 EPS.

Koppers stock traded down $1.86 during midday trading on Friday, hitting $19.80. The stock had a trading volume of 790,847 shares, compared to its average volume of 157,228. The company has a quick ratio of 1.05, a current ratio of 2.03 and a debt-to-equity ratio of 9.65. The firm has a market cap of $599.10 million, a P/E ratio of 5.38, a P/E/G ratio of 0.38 and a beta of 0.93. Koppers has a 12 month low of $19.79 and a 12 month high of $51.65.

KOP has been the topic of several recent analyst reports. Seaport Global Securities initiated coverage on Koppers in a research note on Tuesday, October 16th. They issued a “buy” rating and a $42.00 price target on the stock. TheStreet lowered Koppers from a “b-” rating to a “c” rating in a report on Monday, August 13th. Barrington Research reissued a “buy” rating and issued a $61.00 price objective on shares of Koppers in a report on Monday, August 13th. Zacks Investment Research raised Koppers from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, August 14th. Finally, B. Riley set a $60.00 price objective on Koppers and gave the company a “buy” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $45.50.

In other news, SVP James A. Sullivan acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average cost of $35.73 per share, with a total value of $35,730.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Albert J. Neupaver acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average cost of $35.88 per share, with a total value of $179,400.00. Following the completion of the acquisition, the director now owns 45,316 shares of the company’s stock, valued at $1,625,938.08. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 33,000 shares of company stock valued at $1,169,050. 8.70% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Howe & Rusling Inc. grew its holdings in shares of Koppers by 14.0% during the second quarter. Howe & Rusling Inc. now owns 11,036 shares of the specialty chemicals company’s stock valued at $423,000 after purchasing an additional 1,353 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Koppers by 11.5% during the second quarter. Alps Advisors Inc. now owns 19,642 shares of the specialty chemicals company’s stock valued at $753,000 after purchasing an additional 2,033 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Koppers by 4.2% during the second quarter. Rhumbline Advisers now owns 50,908 shares of the specialty chemicals company’s stock valued at $1,952,000 after purchasing an additional 2,060 shares during the last quarter. James Investment Research Inc. grew its holdings in shares of Koppers by 3.6% during the second quarter. James Investment Research Inc. now owns 61,305 shares of the specialty chemicals company’s stock valued at $2,351,000 after purchasing an additional 2,151 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Koppers by 6.8% during the second quarter. Comerica Bank now owns 34,936 shares of the specialty chemicals company’s stock valued at $1,324,000 after purchasing an additional 2,216 shares during the last quarter. 88.10% of the stock is owned by hedge funds and other institutional investors.

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About Koppers

Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

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Earnings History for Koppers (NYSE:KOP)

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