Koppers (NYSE:KOP) Issues FY19 Earnings Guidance

Koppers (NYSE:KOP) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $3.27-3.61 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.40. The company issued revenue guidance of Approx $1.8 billion, compared to the consensus revenue estimate of $1.85 billion.

Several research firms have commented on KOP. ValuEngine downgraded shares of Koppers from a sell rating to a strong sell rating in a report on Friday, July 12th. Zacks Investment Research upgraded shares of Koppers from a hold rating to a buy rating and set a $30.00 price objective on the stock in a report on Thursday, June 27th. Finally, Monness Crespi & Hardt reiterated a buy rating and issued a $37.00 price objective (up from $33.00) on shares of Koppers in a report on Friday. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $36.60.

Shares of KOP stock traded down $0.11 on Friday, hitting $27.86. The company’s stock had a trading volume of 109,841 shares, compared to its average volume of 84,925. The company has a debt-to-equity ratio of 10.54, a current ratio of 2.01 and a quick ratio of 0.93. The business has a 50 day simple moving average of $27.43. Koppers has a fifty-two week low of $15.00 and a fifty-two week high of $36.70. The company has a market cap of $577.52 million, a P/E ratio of 7.96, a PEG ratio of 0.46 and a beta of 1.10.

Koppers (NYSE:KOP) last released its quarterly earnings results on Thursday, August 8th. The specialty chemicals company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.17. Koppers had a net margin of 1.76% and a return on equity of 77.19%. The business had revenue of $469.80 million for the quarter, compared to the consensus estimate of $491.43 million. During the same period in the prior year, the company posted $0.93 earnings per share. Koppers’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Koppers will post 3.39 earnings per share for the current year.

In related news, insider Bradley A. Pearce sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $27.75, for a total value of $27,750.00. Following the transaction, the insider now directly owns 16,477 shares in the company, valued at $457,236.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP R. Michael Johnson purchased 8,577 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $29.32 per share, for a total transaction of $251,477.64. Following the completion of the purchase, the vice president now directly owns 194,042 shares of the company’s stock, valued at approximately $5,689,311.44. The disclosure for this purchase can be found here. Corporate 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 and Estimates for Koppers (NYSE:KOP)

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