Koppers (KOP) Set to Announce Quarterly Earnings on Friday

Koppers (NYSE:KOP) is scheduled to be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect Koppers to post earnings of $0.61 per share for the quarter. Koppers has set its FY24 guidance at $4.60-4.80 EPS and its FY 2024 guidance at 4.600-4.800 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Wednesday, February 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.05). Koppers had a net margin of 4.14% and a return on equity of 20.10%. The business had revenue of $513.20 million for the quarter, compared to analyst estimates of $483.67 million. During the same period in the prior year, the business earned $1.09 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect Koppers to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Koppers Trading Up 0.6 %

Shares of Koppers stock opened at $53.55 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.14 and a quick ratio of 0.93. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 12.90 and a beta of 1.86. The business has a fifty day simple moving average of $53.85 and a two-hundred day simple moving average of $48.16. Koppers has a 1 year low of $28.45 and a 1 year high of $58.23.

Koppers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were given a dividend of $0.07 per share. This is a boost from Koppers’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 7th. This represents a $0.28 annualized dividend and a yield of 0.52%. Koppers’s dividend payout ratio (DPR) is presently 6.75%.

Wall Street Analysts Forecast Growth

KOP has been the topic of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research report on Wednesday, February 28th. Singular Research raised Koppers from a “hold” rating to a “buy” rating and set a $67.50 price target on the stock in a research note on Wednesday, March 13th. Finally, StockNews.com downgraded Koppers from a “hold” rating to a “sell” rating in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.50.

Insider Activity

In other news, SVP Leslie S. Hyde sold 22,403 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $53.91, for a total transaction of $1,207,745.73. Following the completion of the sale, the senior vice president now owns 55,658 shares in the company, valued at $3,000,522.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Koppers news, SVP Leslie S. Hyde sold 22,403 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $53.91, for a total value of $1,207,745.73. Following the transaction, the senior vice president now owns 55,658 shares of the company’s stock, valued at $3,000,522.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO James A. Sullivan sold 700 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $54.01, for a total value of $37,807.00. Following the completion of the transaction, the chief operating officer now directly owns 111,192 shares in the company, valued at approximately $6,005,479.92. The disclosure for this sale can be found here. Insiders sold a total of 31,591 shares of company stock worth $1,700,094 over the last quarter. 6.55% of the stock is currently owned by corporate insiders.

Koppers Company Profile

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