Koppers (NYSE:KOP) Updates FY24 Earnings Guidance

Koppers (NYSE:KOP) updated its FY24 earnings guidance on Friday. The company provided EPS guidance of $4.25-4.45 for the period, compared to the consensus EPS estimate of $4.09. The company issued revenue guidance of $2.1 billion, compared to the consensus revenue estimate of $2.15 billion.

Koppers Price Performance

NYSE:KOP opened at $38.03 on Friday. Koppers has a one year low of $33.80 and a one year high of $58.23. The stock has a market cap of $780.38 million, a PE ratio of 10.42 and a beta of 1.84. 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 stock has a 50 day moving average price of $36.49 and a 200 day moving average price of $39.35.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.27 by $0.09. The business had revenue of $563.20 million for the quarter, compared to analyst estimates of $589.17 million. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Equities research analysts expect that Koppers will post 4.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KOP shares. Singular Research upgraded Koppers to a “strong-buy” rating in a report on Friday, September 20th. Barrington Research reaffirmed an “outperform” rating and issued a $64.00 price target on shares of Koppers in a research note on Monday.

Insider Activity

In related news, VP Joseph P. Dowd sold 5,516 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $37.72, for a total transaction of $208,063.52. Following the completion of the transaction, the vice president now owns 10,300 shares of the company’s stock, valued at approximately $388,516. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.