Koppers (NYSE:KOP) issued its earnings results on Thursday. The specialty chemicals company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.27, Briefing.com reports. The company had revenue of $474.90 million during the quarter, compared to the consensus estimate of $485.13 million. Koppers had a return on equity of 77.19% and a net margin of 1.76%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $0.73 EPS. Koppers updated its FY19 guidance to $3.35-3.55 EPS.
Shares of Koppers stock traded up $3.10 during mid-day trading on Friday, hitting $43.81. 346,736 shares of the stock were exchanged, compared to its average volume of 136,221. Koppers has a 12 month low of $15.00 and a 12 month high of $44.75. The company has a 50-day simple moving average of $30.41 and a 200 day simple moving average of $28.38. The company has a debt-to-equity ratio of 10.54, a quick ratio of 1.00 and a current ratio of 2.01. The company has a market capitalization of $724.11 million, a P/E ratio of 12.52, a P/E/G ratio of 0.58 and a beta of 1.06.
A number of equities analysts have issued reports on the company. Monness Crespi & Hardt lifted their price target on Koppers from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. ValuEngine upgraded Koppers from a “strong sell” rating to a “sell” rating in a research note on Friday. Barrington Research reiterated a “buy” rating on shares of Koppers in a research note on Tuesday, October 22nd. Finally, Zacks Investment Research upgraded Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Koppers has a consensus rating of “Buy” and a consensus price target of $37.33.
In other news, VP R. Michael Johnson bought 12,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of $28.92 per share, with a total value of $347,040.00. Following the transaction, the vice president now directly owns 209,073 shares in the company, valued at $6,046,391.16. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Leslie S. Hyde sold 2,687 shares of Koppers stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $29.72, for a total transaction of $79,857.64. Following the transaction, the vice president now directly owns 34,655 shares in the company, valued at approximately $1,029,946.60. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.
Koppers Company Profile
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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