Koppers (NYSE:KOP) Releases FY24 Earnings Guidance

Koppers (NYSE:KOP - Get Free Report) updated its FY24 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $4.25-4.45 for the period, compared to the consensus 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 Trading Down 2.1 %

NYSE:KOP traded down $0.80 during trading hours on Friday, hitting $37.23. 89,170 shares of the company were exchanged, compared to its average volume of 145,585. The stock has a market capitalization of $763.96 million, a price-to-earnings ratio of 10.42 and a beta of 1.84. Koppers has a one year low of $33.80 and a one year high of $58.23. The company has a fifty day simple moving average of $36.49 and a 200 day simple moving average 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 earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.09. The business 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%. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Sell-side analysts expect that Koppers will post 4.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KOP shares. Barrington Research reissued an "outperform" rating and set a $64.00 target price on shares of Koppers in a research note on Monday. Singular Research raised Koppers to a "strong-buy" rating in a research report on Friday, September 20th.

Insider Buying and Selling

In related news, VP Joseph P. Dowd sold 5,516 shares of the business's stock in a transaction dated 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 sale, the vice president now directly owns 10,300 shares of the company's stock, valued at $388,516. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.55% of the stock is owned by insiders.

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.