What is B. Riley’s Estimate for Koppers FY2024 Earnings?

Koppers Holdings Inc. (NYSE:KOP) – Investment analysts at B. Riley upped their FY2024 EPS estimates for Koppers in a research note issued 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 prior forecast of $4.00. The consensus estimate for Koppers’ current full-year earnings is $4.35 per share. B. Riley also issued estimates for Koppers’ Q4 2024 earnings at $0.89 EPS and FY2025 earnings at $4.58 EPS.

Several other analysts also recently commented on the company. StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research note on Monday. Singular Research upgraded Koppers to a “strong-buy” rating in a report on Friday, September 20th. Finally, Barrington Research reiterated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a report on Tuesday.

Koppers Trading Up 0.7 %

NYSE:KOP opened at $38.02 on Wednesday. Koppers has a 12 month low of $33.80 and a 12 month high of $58.23. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $770.67 million, a price-to-earnings ratio of 10.80 and a beta of 1.84. The firm has a fifty day simple moving average of $36.39 and a two-hundred day simple moving average of $38.83.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.12. The firm had revenue of $554.30 million for 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%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 EPS.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Koppers by 170.4% during the third quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 523 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Koppers in the 2nd quarter worth approximately $37,000. Meeder Asset Management Inc. purchased a new position in Koppers in the third quarter valued at approximately $37,000. KBC Group NV grew its holdings in Koppers by 83.8% during the third quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 549 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Koppers in the second quarter worth $45,000. 92.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Joseph P. Dowd sold 5,516 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 10,300 shares in the company, valued at $388,516. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.55% of the company’s stock.

Koppers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 dividend on an annualized basis and a 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.