Koppers (KOP) Set to Announce Quarterly Earnings on Friday

Koppers (NYSE:KOP) will 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 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 data on Wednesday, February 28th. The specialty chemicals company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). Koppers had a return on equity of 20.10% and a net margin of 4.14%. The company had revenue of $513.20 million for the quarter, compared to analyst estimates of $483.67 million. During the same quarter in the prior year, the firm 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 Stock Up 2.1 %

Shares of NYSE KOP opened at $52.37 on Thursday. Koppers has a 1 year low of $28.45 and a 1 year high of $58.23. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 12.66 and a beta of 1.86. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 2.14. The stock’s 50-day simple moving average is $53.96 and its 200-day simple moving average is $48.59.

Koppers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.53%. This is a positive change from Koppers’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 7th. Koppers’s payout ratio is presently 6.75%.

Wall Street Analysts Forecast Growth

KOP has been the topic of a number of analyst reports. Singular Research raised 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. Barrington Research restated an “outperform” rating and issued a $64.00 target price on shares of Koppers in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.50.

Insider Buying and Selling at Koppers

In other Koppers news, CEO M Leroy Ball sold 5,000 shares of Koppers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $53.51, for a total value of $267,550.00. Following the completion of the transaction, the chief executive officer now directly owns 323,080 shares in the company, valued at $17,288,010.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO M Leroy Ball sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $53.51, for a total transaction of $267,550.00. Following the completion of the transaction, the chief executive officer now directly owns 323,080 shares in the company, valued at $17,288,010.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO James A. Sullivan sold 700 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 111,192 shares of the company’s stock, valued at $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 ninety days. Company insiders own 6.55% of the company’s stock.

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.