Koppers (NYSE:KOP) Issues Quarterly Earnings Results

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.

In other news, Director Xudong Feng sold 2,442 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $26.92, for a total transaction of $65,738.64. Following the completion of the transaction, the director now directly owns 27,510 shares in the company, valued at $740,569.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP R. Michael Johnson purchased 12,000 shares of Koppers stock in a transaction dated Tuesday, August 13th. The shares were bought at an average price of $28.92 per share, with a total value of $347,040.00. Following the completion of the acquisition, the vice president now directly owns 209,073 shares of the company’s stock, valued at $6,046,391.16. The disclosure for this purchase can be found here. Company insiders own 5.90% of the company’s stock.

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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