Koppers Holdings Inc. (NYSE:KOP) to Post Q2 2024 Earnings of $1.18 Per Share, Barrington Research Forecasts

Koppers Holdings Inc. (NYSE:KOP) – Research analysts at Barrington Research decreased their Q2 2024 earnings per share estimates for Koppers in a report issued on Monday, May 6th. Barrington Research analyst G. Prestopino now anticipates that the specialty chemicals company will post earnings per share of $1.18 for the quarter, down from their previous forecast of $1.42. Barrington Research has a “Outperform” rating and a $64.00 price target on the stock. The consensus estimate for Koppers’ current full-year earnings is $4.51 per share. Barrington Research also issued estimates for Koppers’ Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $1.57 EPS and FY2025 earnings at $4.90 EPS.

Separately, Singular Research raised Koppers from a “hold” rating to a “buy” rating and set a $67.50 price objective for the company in a research note on Wednesday, March 13th.

Koppers Trading Up 0.5 %

Koppers stock opened at $44.62 on Thursday. The firm has a market cap of $945.94 million, a price-to-earnings ratio of 12.57 and a beta of 1.86. Koppers has a 1 year low of $28.45 and a 1 year high of $58.23. The firm’s 50 day moving average price is $53.22 and its two-hundred day moving average price is $48.92. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.00 and a current ratio of 2.29.

Koppers (NYSE:KOP) last announced its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Koppers had a net margin of 3.59% and a return on equity of 17.19%. The company had revenue of $497.60 million for the quarter, compared to analysts’ expectations of $497.00 million. During the same quarter in the previous year, the company posted $1.12 EPS. The business’s revenue was down 3.1% compared to the same quarter last year.

Koppers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 24th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Thursday, May 23rd. Koppers’s dividend payout ratio (DPR) is currently 7.89%.

Insider Transactions at Koppers

In related news, COO James A. Sullivan sold 700 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $54.01, for a total value of $37,807.00. Following the completion of the sale, the chief operating officer now owns 111,192 shares in the company, valued at approximately $6,005,479.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, COO James A. Sullivan sold 700 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $54.01, for a total transaction of $37,807.00. Following the transaction, the chief operating officer now directly owns 111,192 shares of the company’s stock, valued at $6,005,479.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph P. Dowd sold 3,488 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $53.61, for a total value of $186,991.68. Following the sale, the vice president now owns 36,969 shares of the company’s stock, valued at $1,981,908.09. The disclosure for this sale can be found here. Insiders have sold a total of 31,591 shares of company stock valued at $1,700,094 over the last ninety days. Corporate insiders own 6.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOP. Ables Iannone Moore & Associates Inc. purchased a new stake in Koppers in the 4th quarter worth approximately $26,000. AJOVista LLC acquired a new stake in Koppers during the fourth quarter valued at $62,000. Quantbot Technologies LP acquired a new stake in Koppers during the third quarter valued at $88,000. SG Americas Securities LLC purchased a new position in Koppers in the first quarter valued at about $136,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Koppers in the 3rd quarter worth about $209,000. 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.