Koppers (NYSE:KOP) Issues FY24 Earnings Guidance

Koppers (NYSE:KOP) updated its FY24 earnings guidance on Friday. The company provided earnings per share guidance of $4.25-4.45 for the period, compared to the consensus earnings per share estimate of $4.09. The company issued revenue guidance of $2.1 billion, compared to the consensus revenue estimate of $2.15 billion. Koppers also updated its FY 2024 guidance to 4.250-4.450 EPS.

Koppers Price Performance

Shares of KOP stock opened at $37.22 on Friday. The firm has a fifty day moving average of $36.44 and a two-hundred day moving average of $39.14. The firm has a market cap of $763.75 million, a P/E ratio of 10.20 and a beta of 1.84. Koppers has a 1-year low of $33.80 and a 1-year high of $58.23. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.53 and a quick ratio of 1.12.

Koppers (NYSE:KOP) last issued its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. The business had revenue of $554.30 million during the quarter, compared to the consensus estimate of $571.80 million. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 EPS. As a group, research analysts anticipate that Koppers will post 4.05 earnings per share for the current fiscal year.

Koppers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, November 29th. Koppers’s dividend payout ratio (DPR) is presently 7.67%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KOP. Singular Research upgraded Koppers to a “strong-buy” rating in a research report on Friday, September 20th. Barrington Research reissued an “outperform” rating and set a $64.00 price target on shares of Koppers in a report on Monday, November 4th.

Insider Activity

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $37.72, for a total transaction of $208,063.52. Following the completion of the transaction, the vice president now owns 10,300 shares in the company, valued at approximately $388,516. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.55% of the company’s stock.

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.