Koppers (NYSE:KOP) Releases FY 2024 Earnings Guidance

Koppers (NYSE:KOP - Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 4.250-4.450 for the period, compared to the consensus earnings per share 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.

Koppers Price Performance

KOP traded down $0.80 on Friday, hitting $37.23. 89,170 shares of the company's stock were exchanged, compared to its average volume of 145,585. Koppers has a fifty-two week low of $33.80 and a fifty-two week high of $58.23. The stock has a market cap of $763.96 million, a price-to-earnings ratio of 10.42 and a beta of 1.84. The firm has a 50-day moving average price of $36.49 and a 200-day moving average price of $39.35. The company has a current ratio of 2.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.92.

Koppers (NYSE:KOP - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The specialty chemicals company reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.09. The company had revenue of $563.20 million during the quarter, compared to the consensus estimate of $589.17 million. Koppers had a net margin of 3.72% and a return on equity of 17.16%. Koppers's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. As a group, equities analysts anticipate that Koppers will post 4.05 earnings per share for the current year.

Analysts Set New Price Targets

KOP has been the subject of several analyst reports. Singular Research upgraded Koppers to a "strong-buy" rating in a report on Friday, September 20th. Barrington Research restated an "outperform" rating and set a $64.00 price objective on shares of Koppers in a research report on Monday.

Insider Buying and Selling

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $37.72, for a total value of $208,063.52. Following the transaction, the vice president now owns 10,300 shares of the company's stock, valued at $388,516. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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.