B. Riley Weighs in on Koppers’ FY2024 Earnings (NYSE:KOP)

Koppers Holdings Inc. (NYSE:KOP) – Stock analysts at B. Riley raised their FY2024 earnings per share (EPS) estimates for Koppers in a report issued on Monday, November 11th. B. Riley analyst L. Burke now anticipates that the specialty chemicals company will post earnings of $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) last posted its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.12. The business had revenue of $554.30 million during the quarter, compared to the consensus estimate of $571.80 million. Koppers had a net margin of 3.55% and a return on equity of 16.71%. Koppers’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 EPS.

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

Koppers Trading Down 0.9 %

Shares of NYSE:KOP opened at $37.56 on Wednesday. Koppers has a 52-week low of $33.80 and a 52-week high of $58.23. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. The company has a market cap of $761.34 million, a P/E ratio of 10.67 and a beta of 1.84. The stock’s 50-day moving average is $36.40 and its 200-day moving average is $38.81.

Institutional Trading of Koppers

Institutional investors have recently made changes to their positions in the business. Martingale Asset Management L P lifted its stake in Koppers by 62.4% during the third quarter. Martingale Asset Management L P now owns 11,206 shares of the specialty chemicals company’s stock worth $409,000 after purchasing an additional 4,306 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in shares of Koppers by 30.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 37,671 shares of the specialty chemicals company’s stock worth $1,376,000 after buying an additional 8,871 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Koppers by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 424,871 shares of the specialty chemicals company’s stock worth $15,521,000 after buying an additional 20,586 shares during the period. Foundry Partners LLC acquired a new stake in Koppers in the 3rd quarter valued at $4,022,000. Finally, Pzena Investment Management LLC grew its position in Koppers by 91.8% in the third quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock valued at $28,134,000 after acquiring an additional 368,709 shares during the period. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Koppers

In related news, CEO M Leroy Ball sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $37.92, for a total value of $189,600.00. Following the completion of the transaction, the chief executive officer now directly owns 315,129 shares in the company, valued at approximately $11,949,691.68. This represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Joseph P. Dowd sold 5,516 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $37.72, for a total value of $208,063.52. Following the completion of the transaction, the vice president now directly owns 10,300 shares of the company’s stock, valued at approximately $388,516. This trade represents a 34.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.55% of the company’s stock.

Koppers Dividend Announcement

The company also recently declared 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 0.75%. Koppers’s dividend payout ratio is 7.95%.

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.