Koppers (NYSE:KOP) Updates FY 2024 Earnings Guidance

Koppers (NYSE:KOPGet Free Report) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 4.250-4.450 for the period, compared to the consensus EPS estimate of 4.160. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.2 billion. Koppers also updated its FY24 guidance to $4.25-4.45 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Singular Research upgraded shares of Koppers to a “strong-buy” rating in a research report on Friday, September 20th. Barrington Research reiterated an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a report on Monday, November 4th.

View Our Latest Stock Analysis on KOP

Koppers Trading Down 2.1 %

NYSE KOP opened at $37.22 on Monday. The firm has a market capitalization of $763.75 million, a PE ratio of 10.57 and a beta of 1.84. The stock’s 50 day moving average is $36.44 and its 200 day moving average is $39.04. Koppers has a twelve month low of $33.80 and a twelve month high of $58.23. The company has a quick ratio of 1.12, a current ratio of 2.53 and a debt-to-equity ratio of 1.92.

Koppers (NYSE:KOPGet Free Report) last announced its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.12. Koppers had a net margin of 3.72% and a return on equity of 17.16%. The business had revenue of $554.30 million for the quarter, compared to analysts’ expectations of $571.80 million. During the same quarter in the prior year, the company earned $1.32 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. Research analysts forecast that Koppers will post 4.35 earnings per share for the current fiscal year.

Koppers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.07 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.28 annualized dividend and a yield of 0.75%. Koppers’s dividend payout ratio (DPR) is presently 7.95%.

Insider Activity at Koppers

In other 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 value of $208,063.52. Following the completion of the transaction, the vice president now owns 10,300 shares in the company, valued at $388,516. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.55% of the stock is owned by insiders.

Koppers Company Profile

(Get Free Report)

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.

Featured Articles

Earnings History and Estimates for Koppers (NYSE:KOP)

Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.