Koppers (NYSE:KOP) Posts Earnings Results, Beats Estimates By $0.27 EPS

Koppers (NYSE:KOP) released its quarterly earnings results on Thursday. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.27, Briefing.com reports. Koppers had a return on equity of 77.19% and a net margin of 1.76%. The firm had revenue of $474.90 million for the quarter, compared to analyst estimates of $485.13 million. During the same quarter last year, the company posted $0.73 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. Koppers updated its FY19 guidance to $3.35-3.55 EPS.

KOP traded up $3.10 during trading on Friday, reaching $43.81. The company’s stock had a trading volume of 346,736 shares, compared to its average volume of 136,221. Koppers has a 52-week low of $15.00 and a 52-week high of $44.75. The company’s fifty day moving average price is $30.41 and its 200-day moving average price is $28.38. The company has a market capitalization of $724.11 million, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.58 and a beta of 1.06. The company has a debt-to-equity ratio of 10.54, a quick ratio of 1.00 and a current ratio of 2.01.

KOP has been the topic of a number of research reports. Zacks Investment Research raised Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a report on Tuesday, October 15th. Monness Crespi & Hardt raised their price target on Koppers from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Friday. Barrington Research reissued a “buy” rating on shares of Koppers in a report on Tuesday, October 22nd. Finally, ValuEngine raised Koppers from a “strong sell” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned 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 Koppers news, VP Leslie S. Hyde sold 2,687 shares of Koppers stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $29.72, for a total value of $79,857.64. Following the sale, the vice president now owns 34,655 shares of the company’s stock, valued at approximately $1,029,946.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Xudong Feng sold 2,442 shares of Koppers stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $26.92, for a total value of $65,738.64. Following the completion of the sale, the director now directly owns 27,510 shares in the company, valued at approximately $740,569.20. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.

Koppers Company Profile

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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