Koppers (NYSE:KOP) Updates FY 2020 Pre-Market Earnings Guidance


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Koppers (NYSE:KOP) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.65-3.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.83. The company issued revenue guidance of $1.6-1.6 billion, compared to the consensus revenue estimate of $1.64 billion.

Koppers stock traded down $0.48 during trading hours on Thursday, reaching $25.56. 912 shares of the company’s stock were exchanged, compared to its average volume of 199,348. The company has a quick ratio of 1.07, a current ratio of 1.96 and a debt-to-equity ratio of 4.81. The firm’s 50 day simple moving average is $23.93 and its 200 day simple moving average is $21.22. Koppers has a twelve month low of $8.25 and a twelve month high of $41.00. The firm has a market capitalization of $548.53 million, a PE ratio of 4.48 and a beta of 2.15.

Koppers (NYSE:KOP) last issued its earnings results on Saturday, November 7th. The specialty chemicals company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.35. The company had revenue of $437.50 million during the quarter, compared to the consensus estimate of $425.77 million. Koppers had a return on equity of 51.45% and a net margin of 7.43%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $1.24 EPS. Analysts anticipate that Koppers will post 3.84 EPS for the current year.

A number of brokerages have recently weighed in on KOP. Zacks Investment Research upgraded Koppers from a hold rating to a buy rating and set a $29.00 price target on the stock in a research report on Thursday, August 13th. ValuEngine downgraded shares of Koppers from a sell rating to a strong sell rating in a report on Thursday, July 23rd. Finally, Barrington Research reissued a buy rating and issued a $32.00 price objective on shares of Koppers in a report on Wednesday, August 5th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Koppers presently has a consensus rating of Buy and a consensus target price of $30.25.

In other Koppers news, CEO M Leroy Ball sold 2,500 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $24.67, for a total transaction of $61,675.00. Following the transaction, the chief executive officer now owns 230,576 shares in the company, valued at $5,688,309.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.25% of the company’s stock.

Koppers Company Profile

Koppers Holdings Inc provides treated wood products, wood treatment chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

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Earnings History and Estimates for Koppers (NYSE:KOP)

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