Koppers (NYSE:KOP) Updates FY24 Earnings Guidance

Koppers (NYSE:KOP) issued an update on its FY24 earnings guidance on Friday morning. The company provided EPS guidance of $4.25-4.45 for the period, compared to the consensus EPS estimate of $4.09. The company issued revenue guidance of $2.1 billion, compared to the consensus revenue estimate of $2.15 billion. Koppers also updated its FY 2024 guidance to 4.250-4.450 EPS.

Analyst Ratings Changes

KOP has been the subject of a number of research reports. Singular Research upgraded Koppers to a “strong-buy” rating in a report on Friday, September 20th. Barrington Research reaffirmed an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a research note on Monday, November 4th.

Koppers Trading Down 2.1 %

Shares of KOP opened at $37.22 on Friday. Koppers has a 1-year low of $33.80 and a 1-year high of $58.23. The company has a current ratio of 2.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.92. The firm’s 50-day moving average price is $36.44 and its 200-day moving average price is $39.14. The firm has a market capitalization of $763.75 million, a price-to-earnings ratio of 10.20 and a beta of 1.84.

Koppers (NYSE:KOP) last posted its quarterly earnings data 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 business had revenue of $554.30 million during the quarter, compared to the consensus estimate of $571.80 million. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share. Sell-side analysts anticipate that Koppers will post 4.05 EPS for the current year.

Koppers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, November 29th. Koppers’s dividend payout ratio is presently 7.67%.

Insider Buying and Selling at Koppers

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of Koppers stock in a transaction 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 completion of the sale, the vice president now owns 10,300 shares of the company’s stock, valued at approximately $388,516. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.55% of the stock is owned by company insiders.

Koppers Company Profile

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.