Koppers (NYSE:KOP) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Koppers (NYSE:KOP) posted its earnings results on Friday. The specialty chemicals company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.04), Zacks reports. The company had revenue of $485.30 million during the quarter, compared to analyst estimates of $516.50 million. Koppers had a net margin of 0.76% and a return on equity of 17.43%. Koppers’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 EPS. Koppers updated its FY 2025 guidance to 4.000-4.150 EPS.

Koppers Stock Down 3.9%

Shares of KOP traded down $1.08 during midday trading on Friday, hitting $26.76. The company had a trading volume of 210,346 shares, compared to its average volume of 156,939. The company’s 50 day moving average price is $28.03 and its 200 day moving average price is $29.86. The stock has a market cap of $527.68 million, a price-to-earnings ratio of 37.17 and a beta of 1.45. Koppers has a 52 week low of $22.99 and a 52 week high of $39.83. The company has a quick ratio of 1.11, a current ratio of 2.60 and a debt-to-equity ratio of 1.83.

Koppers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th. Koppers’s dividend payout ratio (DPR) is currently 44.44%.

Wall Street Analyst Weigh In

KOP has been the subject of a number of analyst reports. Barrington Research restated an “outperform” rating and issued a $55.00 price target on shares of Koppers in a report on Monday, November 3rd. Weiss Ratings cut shares of Koppers from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. B. Riley reaffirmed a “buy” rating and set a $50.00 price target (down from $55.00) on shares of Koppers in a report on Monday, August 11th. Finally, Zacks Research raised shares of Koppers from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $52.50.

Institutional Trading of Koppers

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in Koppers by 258.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock valued at $62,000 after buying an additional 1,391 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Koppers by 95.6% in the 2nd quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock worth $68,000 after acquiring an additional 1,041 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Koppers by 23.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock valued at $104,000 after acquiring an additional 615 shares during the last quarter. State of Wyoming increased its holdings in shares of Koppers by 59.0% in the 2nd quarter. State of Wyoming now owns 6,090 shares of the specialty chemicals company’s stock valued at $196,000 after acquiring an additional 2,261 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Koppers during the 2nd quarter valued at approximately $231,000. 92.75% of the stock is owned by institutional investors.

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.