Koppers (NYSE:KOP) posted its quarterly earnings data on Thursday. The specialty chemicals company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.27, Briefing.com reports. The company had revenue of $474.90 million for the quarter, compared to analysts’ expectations of $485.13 million. Koppers had a net margin of 1.76% and a return on equity of 77.19%. Koppers’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 earnings per share. Koppers updated its FY19 guidance to $3.35-3.55 EPS.
NYSE KOP traded up $3.10 on Friday, reaching $43.81. 346,736 shares of the company’s stock traded hands, compared to its average volume of 136,221. Koppers has a 12 month low of $15.00 and a 12 month high of $44.75. The company has a debt-to-equity ratio of 10.54, a current ratio of 2.01 and a quick ratio of 1.00. The stock has a 50-day simple moving average of $30.41 and a 200 day simple moving average of $28.38. The stock has a market cap of $724.11 million, a PE ratio of 12.52, a P/E/G ratio of 0.58 and a beta of 1.06.
Several research analysts recently weighed in on the stock. Barrington Research restated a “buy” rating on shares of Koppers in a research report on Tuesday, October 22nd. Monness Crespi & Hardt increased their price target on shares of Koppers from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Friday. ValuEngine upgraded shares of Koppers from a “strong sell” rating to a “sell” rating in a research report on Friday. Finally, Zacks Investment Research upgraded shares of Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the stock. Koppers currently has an average rating of “Buy” and an average price target of $37.33.
In other Koppers news, VP Leslie S. Hyde sold 2,687 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $29.72, for a total transaction of $79,857.64. Following the transaction, the vice president now directly owns 34,655 shares in the company, valued at $1,029,946.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP R. Michael Johnson purchased 12,000 shares of Koppers stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of $28.92 per share, for a total transaction of $347,040.00. Following the completion of the transaction, the vice president now directly owns 209,073 shares of the company’s stock, valued at $6,046,391.16. The disclosure for this purchase can be found here. 5.90% of the stock is owned by company insiders.
Koppers Company Profile
Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).
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