Koppers (KOP) Set to Announce Quarterly Earnings on Friday

Koppers (NYSE:KOP) is scheduled 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Koppers (NYSE:KOP) last issued its quarterly earnings results 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). The company had revenue of $513.20 million during the quarter, compared to the consensus estimate of $483.67 million. Koppers had a return on equity of 20.10% and a net margin of 4.14%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 Price Performance

Shares of KOP opened at $53.55 on Friday. The firm has a market cap of $1.13 billion, a PE ratio of 12.90 and a beta of 1.86. The company has a current ratio of 2.14, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The firm has a fifty day simple moving average of $53.85 and a two-hundred day simple moving average of $48.16. Koppers has a 1-year low of $28.45 and a 1-year high of $58.23.

Koppers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Koppers’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.52%. Koppers’s payout ratio is currently 6.75%.

Insider Buying and Selling

In related news, CEO M Leroy Ball sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 owns 323,080 shares of the company’s stock, valued at $17,288,010.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Koppers news, CEO M Leroy Ball sold 5,000 shares of Koppers stock in a transaction on Monday, March 4th. The shares were sold at an average price of $53.51, for a total value of $267,550.00. Following the transaction, the chief executive officer now directly owns 323,080 shares of the company’s stock, valued at $17,288,010.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James A. Sullivan sold 700 shares of Koppers stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 111,192 shares in the company, valued at $6,005,479.92. The disclosure for this sale can be found here. Insiders sold 31,591 shares of company stock valued at $1,700,094 over the last 90 days. Corporate insiders own 6.55% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on KOP shares. StockNews.com downgraded shares of Koppers from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Singular Research raised shares of Koppers from a “hold” rating to a “buy” rating and set a $67.50 price target for the company in a report on Wednesday, March 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $64.00 price target on shares of Koppers in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, Koppers has a consensus rating of “Moderate Buy” and an average target price of $60.50.

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.