Koppers (NYSE:KOP) announced its quarterly earnings data on Thursday. The specialty chemicals company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.97 by $0.27, Briefing.com reports. The business had revenue of $474.90 million during the quarter, compared to analyst estimates of $485.13 million. Koppers had a return on equity of 77.19% and a net margin of 1.76%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 earnings per share. Koppers updated its FY19 guidance to $3.35-3.55 EPS.
Koppers stock traded up $3.10 on Friday, hitting $43.81. 346,736 shares of the stock traded hands, compared to its average volume of 136,221. The company has a current ratio of 2.01, a quick ratio of 1.00 and a debt-to-equity ratio of 10.54. The firm 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 business’s fifty day simple moving average is $30.41 and its 200 day simple moving average is $28.38. Koppers has a 1 year low of $15.00 and a 1 year high of $44.75.
KOP has been the subject of several recent research reports. Monness Crespi & Hardt raised their price objective on Koppers from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Friday. ValuEngine raised Koppers from a “strong sell” rating to a “sell” rating in a research report on Friday. Barrington Research reissued a “buy” rating on shares of Koppers in a research report on Tuesday, October 22nd. Finally, Zacks Investment Research raised Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $37.33.
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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