Koppers (KOP) to Release Quarterly Earnings on Friday

Koppers (NYSE:KOP - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect Koppers to post earnings of $1.25 per share for the quarter. Koppers has set its FY24 guidance at $4.10-4.60 EPS and its FY 2024 guidance at 4.100-4.600 EPS.Parties that are interested in participating in the company's conference call can do so using this link.

Koppers (NYSE:KOP - Get Free Report) last posted its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.09. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The firm had revenue of $563.20 million during the quarter, compared to analyst estimates of $589.17 million. During the same period in the previous year, the company earned $1.26 EPS. The company's revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts expect Koppers to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Koppers Stock Performance

KOP stock traded up $0.20 during midday trading on Friday, hitting $34.21. 83,584 shares of the company traded hands, compared to its average volume of 146,270. Koppers has a twelve month low of $33.80 and a twelve month high of $58.23. The stock has a market capitalization of $701.99 million, a price-to-earnings ratio of 9.37 and a beta of 1.84. The company has a quick ratio of 1.12, a current ratio of 2.53 and a debt-to-equity ratio of 1.92. The business has a 50 day simple moving average of $36.68 and a 200-day simple moving average of $39.83.

Koppers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. Koppers's payout ratio is presently 7.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barrington Research restated an "outperform" rating and set a $64.00 price target on shares of Koppers in a report on Monday, August 12th. Singular Research raised Koppers to a "strong-buy" rating in a research report on Friday, September 20th.

Insiders Place Their Bets

In other Koppers news, VP Joseph P. Dowd sold 5,516 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $388,516. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.55% of the company's stock.

About Koppers

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.