Koppers (KOP) Set to Announce Quarterly Earnings on Friday

Koppers (NYSE:KOP) is set to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce 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.Investors interested in registering for the company’s conference call can do so using this link.

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

Koppers Stock Up 2.1 %

Koppers stock opened at $52.37 on Thursday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 12.66 and a beta of 1.86. Koppers has a 52 week low of $28.45 and a 52 week high of $58.23. The business’s 50-day moving average price is $53.96 and its 200 day moving average price is $48.59. The company has a quick ratio of 0.93, a current ratio of 2.14 and a debt-to-equity ratio of 1.66.

Koppers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.53%. This is a positive change from Koppers’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, March 7th. Koppers’s dividend payout ratio (DPR) is 6.75%.

Insider Activity

In related news, COO James A. Sullivan sold 700 shares of Koppers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $54.01, for a total transaction of $37,807.00. Following the transaction, the chief operating officer now owns 111,192 shares in the company, valued at $6,005,479.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO James A. Sullivan sold 700 shares of Koppers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $54.01, for a total transaction of $37,807.00. Following the transaction, the chief operating officer now owns 111,192 shares in the company, valued at $6,005,479.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Joseph P. Dowd sold 3,488 shares of Koppers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $53.61, for a total value of $186,991.68. Following the transaction, the vice president now owns 36,969 shares in the company, valued at approximately $1,981,908.09. The disclosure for this sale can be found here. Insiders have 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.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barrington Research reissued an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a report on Wednesday, February 28th. Singular Research upgraded Koppers from a “hold” rating to a “buy” rating and set a $67.50 target price on the stock in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.50.

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.