Koppers (NYSE:KOP) Announces Quarterly Earnings Results

Koppers (NYSE:KOP) issued its quarterly earnings results on Thursday. The specialty chemicals company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.27, Briefing.com reports. The company had revenue of $474.90 million during the quarter, compared to the consensus estimate of $485.13 million. Koppers had a return on equity of 77.19% and a net margin of 1.76%. Koppers’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS. Koppers updated its FY19 guidance to $3.35-3.55 EPS.

Shares of KOP stock traded up $3.10 on Friday, reaching $43.81. 346,736 shares of the stock were exchanged, compared to its average volume of 136,221. The stock has a market cap of $724.11 million, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.58 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 2.01 and a debt-to-equity ratio of 10.54. The firm has a 50 day moving average of $30.41 and a two-hundred day moving average of $28.38. Koppers has a 1-year low of $15.00 and a 1-year high of $44.75.

In other news, VP R. Michael Johnson acquired 12,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $28.92 per share, for a total transaction of $347,040.00. Following the acquisition, the vice president now directly owns 209,073 shares in the company, valued at approximately $6,046,391.16. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Leslie S. Hyde sold 2,687 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $29.72, for a total value of $79,857.64. Following the sale, the vice president now owns 34,655 shares of the company’s stock, valued at $1,029,946.60. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

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Several research analysts have weighed in on the company. ValuEngine upgraded Koppers from a “strong sell” rating to a “sell” rating in a report on Friday. Barrington Research reiterated a “buy” rating on shares of Koppers in a report on Tuesday, October 22nd. Zacks Investment Research upgraded Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Tuesday, October 15th. Finally, Monness Crespi & Hardt upped their price objective on Koppers from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.33.

About Koppers

Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

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Earnings History for Koppers (NYSE:KOP)

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