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

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

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Koppers stock traded up $3.10 during midday 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. The stock’s 50-day simple moving average is $30.41 and its 200-day simple moving average is $28.38. The company has a debt-to-equity ratio of 10.54, a current ratio of 2.01 and a quick ratio of 1.00. Koppers has a 52-week low of $15.00 and a 52-week high of $44.75. The stock has a market capitalization of $724.11 million, a P/E ratio of 12.52, a PEG ratio of 0.58 and a beta of 1.06.

A number of brokerages recently weighed in on KOP. Monness Crespi & Hardt upped their price objective on Koppers from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday. ValuEngine upgraded Koppers from a “strong sell” rating to a “sell” rating in a research note on Friday. Zacks Investment Research upgraded Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, October 15th. Finally, Barrington Research restated a “buy” rating on shares of Koppers in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Koppers presently has an average rating of “Buy” and a consensus price target of $37.33.

In related news, Director Xudong Feng sold 2,442 shares of the business’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 of the company’s stock, valued at approximately $740,569.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Leslie S. Hyde sold 2,687 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 34,655 shares of the company’s stock, valued at $1,029,946.60. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

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).

Further Reading: Bond

Earnings History for Koppers (NYSE:KOP)

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