Koppers (NYSE:KOP) Issues FY22 Earnings Guidance

Posted by Hayley Millar on Aug 6th, 2022

Koppers (NYSE:KOP – Get Rating) updated its FY22 earnings guidance on Thursday. The company provided EPS guidance of ~$4.10 for the period, compared to the consensus EPS estimate of $4.10. The company issued revenue guidance of ~$2.0 billion, compared to the consensus revenue estimate of $1.90 billion. Koppers also updated its FY 2022 guidance to $4.10-$4.10 EPS.

Analysts Set New Price Targets

Separately, TheStreet downgraded Koppers from a b- rating to a c+ rating in a report on Thursday, July 7th.

Koppers Stock Performance

Koppers stock traded up $0.43 during trading hours on Friday, reaching $23.76. 69,498 shares of the company were exchanged, compared to its average volume of 109,014. The firm has a market cap of $502.05 million, a price-to-earnings ratio of 8.19 and a beta of 1.80. The company has a current ratio of 2.11, a quick ratio of 1.18 and a debt-to-equity ratio of 2.20. The stock has a 50-day moving average of $23.78 and a 200 day moving average of $26.21. Koppers has a 12 month low of $20.65 and a 12 month high of $37.44.

Koppers (NYSE:KOP – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The specialty chemicals company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.18). The business had revenue of $502.50 million during the quarter, compared to the consensus estimate of $507.00 million. Koppers had a net margin of 3.51% and a return on equity of 19.61%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.41 earnings per share. As a group, research analysts anticipate that Koppers will post 4.1 earnings per share for the current year.

Koppers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 26th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $0.20 annualized dividend and a yield of 0.84%. Koppers’s dividend payout ratio is currently 6.90%.

Insiders Place Their Bets

In other news, Director Xudong Feng sold 2,430 shares of the stock in a transaction on Friday, May 20th. The stock was sold at an average price of $24.37, for a total transaction of $59,219.10. Following the sale, the director now owns 32,840 shares in the company, valued at $800,310.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.23% of the company’s stock.

Institutional Investors Weigh In On Koppers

Hedge funds have recently modified their holdings of the business. Captrust Financial Advisors boosted its stake in shares of Koppers by 122.1% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 553 shares during the period. Bank of Montreal Can raised its holdings in shares of Koppers by 6.0% during the 1st quarter. Bank of Montreal Can now owns 7,518 shares of the specialty chemicals company’s stock worth $212,000 after buying an additional 425 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Koppers by 43.9% during the 1st quarter. Guggenheim Capital LLC now owns 9,948 shares of the specialty chemicals company’s stock worth $274,000 after buying an additional 3,033 shares in the last quarter. Raymond James & Associates increased its holdings in Koppers by 23.2% in the 1st quarter. Raymond James & Associates now owns 11,169 shares of the specialty chemicals company’s stock worth $307,000 after purchasing an additional 2,101 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Koppers by 45.6% in the 1st quarter. MetLife Investment Management LLC now owns 12,105 shares of the specialty chemicals company’s stock worth $333,000 after purchasing an additional 3,789 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Koppers Company Profile

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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 three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).