Koppers (KOP) Set to Announce Earnings on Friday

Koppers (NYSE:KOP) will release its earnings data before the market opens on Friday, November 8th. Analysts expect Koppers to post earnings of $1.25 per share for the quarter. Koppers has set its FY24 guidance at $4.10-4.60 EPS and its FY 2024 guidance at 4.100-4.600 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Koppers (NYSE:KOP) last issued its quarterly earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.09. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The company had revenue of $563.20 million for the quarter, compared to analyst estimates of $589.17 million. During the same quarter last year, the company posted $1.26 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, analysts expect Koppers to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Koppers Trading Down 0.8 %

Shares of KOP opened at $34.01 on Friday. Koppers has a 52-week low of $33.80 and a 52-week high of $58.23. The business’s fifty day moving average is $36.77 and its 200-day moving average is $39.98. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.12 and a current ratio of 2.53. The firm has a market cap of $697.85 million, a price-to-earnings ratio of 9.32 and a beta of 1.84.

Koppers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.07 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. Koppers’s payout ratio is 7.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KOP shares. Barrington Research reiterated an “outperform” rating and issued a $64.00 price target on shares of Koppers in a research note on Monday, August 12th. Singular Research upgraded Koppers to a “strong-buy” rating in a research report on Friday, September 20th.

Insider Buying and Selling at Koppers

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $37.72, for a total value of $208,063.52. Following the sale, the vice president now owns 10,300 shares in the company, valued at approximately $388,516. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.55% of the company’s stock.

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.