B. Riley Issues Optimistic Forecast for Koppers Earnings

Koppers Holdings Inc. (NYSE:KOP) – Equities researchers at B. Riley boosted their FY2024 EPS estimates for shares of Koppers in a report released on Monday, November 11th. B. Riley analyst L. Burke now forecasts that the specialty chemicals company will post earnings per share of $4.24 for the year, up from their previous estimate 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 announced its earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. The company had revenue of $554.30 million during the quarter, compared to analysts’ expectations of $571.80 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. Koppers’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the business posted $1.32 EPS.

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

Koppers Price Performance

Shares of KOP opened at $37.92 on Wednesday. The company has a market cap of $768.64 million, a P/E ratio of 10.77 and a beta of 1.84. Koppers has a fifty-two week low of $33.80 and a fifty-two week high of $58.23. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. The firm’s 50 day moving average price is $36.39 and its 200 day moving average price is $38.82.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KOP. GAMMA Investing LLC lifted its stake in Koppers by 170.4% in the third quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 523 shares during the last quarter. nVerses Capital LLC purchased a new stake in Koppers in the 2nd quarter valued at $37,000. Meeder Asset Management Inc. acquired a new stake in Koppers during the 3rd quarter worth $37,000. KBC Group NV grew its position in Koppers by 83.8% during the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 549 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Koppers in the second quarter valued at $45,000. Institutional investors and hedge funds own 92.75% of the company’s stock.

Insider Buying and Selling

In other news, VP Joseph P. Dowd sold 5,516 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $37.72, for a total value of $208,063.52. Following the transaction, the vice president now owns 10,300 shares in the company, valued at approximately $388,516. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.55% of the company’s stock.

Koppers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.74%. Koppers’s dividend payout ratio (DPR) is currently 7.95%.

About Koppers

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.