Koppers Holdings (KOP) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.93 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.32. Analysts had a consensus of $0.61. The company posted revenue of $385.10 million in the period, compared to analysts expectations of $395.95 million. The company’s revenue was down -10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.
Many Wall Street Analysts have commented on Koppers Holdings. Koppers Holdings was Downgraded by Monness Crespi & Hardt to ” Neutral” on Jul 18, 2016. Company shares were Reiterated by Wunderlich on Jun 30, 2016 to “Buy”, Firm has raised the Price Target to $ 39 from a previous price target of $32 .Koppers Holdings was Initiated by Barrington Research to “Outperform” on Jun 8, 2016.
Koppers Holdings closed down -0.91 points or -2.94% at $30.07 with 1,06,174 shares getting traded on Tusday. Post opening the session at $31.27, the shares hit an intraday low of $30.05 and an intraday high of $31.27 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 1, 2016, Stephen C Reeder (SVP, Performance Chemicals) purchased 475 shares at $25.19 per share price. According to the SEC, on May 26, 2016, Markus G Spiess (VP, Global Sales and Marketing) sold 4,551 shares at $25.16 per share price. On May 24, 2016, Louis L Testoni (director) purchased 4,100 shares at $24.68 per share price, according to the Form-4 filing with the securities and exchange commission.
Koppers Holdings Inc. (Koppers) is an integrated global provider of carbon compounds chemicals and treated wood products and services. Koppers’ products and services are used in various end-markets including the aluminum railroad specialty chemical utility rubber concrete steel residential lumber and agricultural industries. Koppers operates through three segments: Carbon Materials and Chemicals (CMC) Railroad and Utility Products and Services (RUPS) and Performance Chemicals (PC). The CMC segment is primarily a manufacturer of carbon pitch naphthalene phthalic anhydride creosote and carbon black feedstock. The RUPS segment sells treated and untreated wood products manufactured products and services primarily to the railroad and public utility markets. The PC segment sells preservatives for residential and agricultural treated lumber that includes decking and fencing. Koppers has manufacturing facilities in North America South America Australasia China and Europe.