Koppers (KOP) Issues FY18 Earnings Guidance

Koppers (NYSE:KOP) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $3.30-3.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.11. The company issued revenue guidance of $1.7 billion, compared to the consensus revenue estimate of $1.81 billion.

Koppers stock traded down $7.67 during mid-day trading on Thursday, reaching $20.62. 70,234 shares of the company were exchanged, compared to its average volume of 164,958. The company has a quick ratio of 1.05, a current ratio of 2.03 and a debt-to-equity ratio of 9.65. The firm has a market cap of $592.75 million, a P/E ratio of 5.60, a P/E/G ratio of 0.38 and a beta of 0.93. Koppers has a 12-month low of $25.39 and a 12-month high of $51.80.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 9th. The specialty chemicals company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.18). Koppers had a net margin of 1.47% and a return on equity of 79.35%. The business had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $490.60 million. During the same quarter in the prior year, the company posted $1.18 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Equities analysts expect that Koppers will post 4.1 earnings per share for the current year.

KOP has been the subject of several analyst reports. Barrington Research set a $61.00 price objective on Koppers and gave the company a buy rating in a report on Wednesday, September 5th. ValuEngine lowered Koppers from a sell rating to a strong sell rating in a report on Friday, August 3rd. Seaport Global Securities initiated coverage on Koppers in a report on Tuesday, October 16th. They set a buy rating and a $42.00 price objective for the company. Zacks Investment Research upgraded Koppers from a hold rating to a buy rating and set a $39.00 price objective for the company in a report on Tuesday, August 14th. Finally, B. Riley set a $60.00 price objective on Koppers and gave the company a buy rating in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $50.50.

In other Koppers news, SVP James A. Sullivan acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was purchased at an average price of $35.73 per share, for a total transaction of $35,730.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP R. Michael Johnson acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were acquired at an average price of $35.36 per share, with a total value of $884,000.00. Following the acquisition, the vice president now owns 46,534 shares in the company, valued at approximately $1,645,442.24. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 33,000 shares of company stock valued at $1,169,050. Company insiders own 8.70% of the company’s stock.

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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).

Further Reading: Cost of Debt

Earnings History and Estimates for Koppers (NYSE:KOP)

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