Koppers (NYSE:KOP) Issues FY 2022 Earnings Guidance

Koppers (NYSE:KOPGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $4.10-$4.10 for the period, compared to the consensus earnings per share estimate of $4.27. The company issued revenue guidance of $1.90 billion-$1.90 billion, compared to the consensus revenue estimate of $1.79 billion.

Shares of NYSE:KOP traded up $0.01 during trading on Monday, reaching $24.18. The stock had a trading volume of 17 shares, compared to its average volume of 97,618. The firm’s fifty day moving average is $26.99 and its 200 day moving average is $29.90. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.10 and a current ratio of 2.20. Koppers has a 52 week low of $23.84 and a 52 week high of $39.44. The stock has a market cap of $510.90 million, a price-to-earnings ratio of 6.77 and a beta of 1.87.

Koppers (NYSE:KOPGet Rating) last released its quarterly earnings data on Friday, May 6th. The specialty chemicals company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.06. The firm had revenue of $459.30 million for the quarter, compared to the consensus estimate of $424.00 million. Koppers had a net margin of 5.08% and a return on equity of 22.91%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 earnings per share. On average, research analysts forecast that Koppers will post 4.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 13th. Stockholders of record on Friday, May 27th will be issued a $0.05 dividend. The ex-dividend date is Thursday, May 26th. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. Koppers’s dividend payout ratio is currently 5.60%.

Several analysts have recently commented on KOP shares. Zacks Investment Research upgraded shares of Koppers from a sell rating to a hold rating in a report on Wednesday, April 27th. StockNews.com began coverage on shares of Koppers in a report on Thursday, March 31st. They set a hold rating for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Koppers currently has a consensus rating of Buy and an average target price of $41.75.

In other Koppers news, VP Joseph P. Dowd sold 3,000 shares of Koppers stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $28.51, for a total transaction of $85,530.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Bradley A. Pearce sold 1,000 shares of Koppers stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $29.46, for a total transaction of $29,460.00. The disclosure for this sale can be found here. 6.23% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in Koppers by 159.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,945 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 2,423 shares in the last quarter. Deutsche Bank AG increased its position in shares of Koppers by 2.9% during the 4th quarter. Deutsche Bank AG now owns 12,938 shares of the specialty chemicals company’s stock valued at $405,000 after purchasing an additional 364 shares during the last quarter. Credit Suisse AG increased its position in shares of Koppers by 6.0% during the 4th quarter. Credit Suisse AG now owns 16,184 shares of the specialty chemicals company’s stock valued at $507,000 after purchasing an additional 920 shares during the last quarter. Citigroup Inc. increased its position in shares of Koppers by 42.1% during the 4th quarter. Citigroup Inc. now owns 16,998 shares of the specialty chemicals company’s stock valued at $532,000 after purchasing an additional 5,036 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Koppers by 119.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 22,897 shares of the specialty chemicals company’s stock worth $716,000 after acquiring an additional 12,474 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

About Koppers (Get Rating)

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 three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

See Also

Earnings History and Estimates for Koppers (NYSE:KOP)

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