Koppers (NYSE:KOP) Issues FY 2024 Earnings Guidance

Koppers (NYSE:KOP) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 4.250-4.450 for the period, compared to the consensus EPS estimate of 4.160. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.2 billion. Koppers also updated its FY24 guidance to $4.25-4.45 EPS.

Analyst Ratings Changes

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

Koppers Price Performance

Shares of KOP stock opened at $38.03 on Friday. Koppers has a twelve month low of $33.80 and a twelve month high of $58.23. The company has a current ratio of 2.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $780.38 million, a PE ratio of 10.42 and a beta of 1.84. The firm has a fifty day simple moving average of $36.49 and a 200-day simple moving average of $39.35.

Koppers (NYSE:KOP) last issued its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 3.72% and a return on equity of 17.16%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. Equities research analysts anticipate that Koppers will post 4.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Koppers

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the business’s stock in a transaction 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 sale, the vice president now owns 10,300 shares in the company, valued at $388,516. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.55% of the stock is currently owned by insiders.

About Koppers

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.