Koppers (NYSE:KOP) released its earnings results on Thursday. The specialty chemicals company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.27, Briefing.com reports. Koppers had a return on equity of 77.19% and a net margin of 1.76%. The firm had revenue of $474.90 million during the quarter, compared to analysts’ expectations of $485.13 million. During the same period in the prior year, the company earned $0.73 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Koppers updated its FY19 guidance to $3.35-3.55 EPS.
NYSE KOP traded up $3.10 on Friday, hitting $43.81. 346,736 shares of the company’s stock were exchanged, compared to its average volume of 136,221. Koppers has a 52 week low of $15.00 and a 52 week high of $44.75. The stock has a market cap of $724.11 million, a price-to-earnings ratio of 12.52, a P/E/G ratio of 0.58 and a beta of 1.06. The company has a current ratio of 2.01, a quick ratio of 1.00 and a debt-to-equity ratio of 10.54. The stock has a 50-day moving average of $30.41 and a 200-day moving average of $28.38.
KOP has been the subject of several recent analyst reports. Barrington Research restated a “buy” rating on shares of Koppers in a research note on Tuesday, October 22nd. Zacks Investment Research upgraded Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Tuesday, October 15th. Monness Crespi & Hardt upped their target price on Koppers from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday. Finally, ValuEngine upgraded Koppers from a “strong sell” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $37.33.
In other news, VP R. Michael Johnson purchased 12,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $28.92 per share, for a total transaction of $347,040.00. Following the purchase, the vice president now owns 209,073 shares of the company’s stock, valued at $6,046,391.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Leslie S. Hyde sold 2,687 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $29.72, for a total value of $79,857.64. Following the completion of the transaction, the vice president now owns 34,655 shares of the company’s stock, valued at $1,029,946.60. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by corporate insiders.
Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States 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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