Koppers (NYSE:KOP) released its quarterly earnings data on Thursday. The specialty chemicals company reported $1.24 EPS 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 company had revenue of $474.90 million during the quarter, compared to the consensus estimate of $485.13 million. During the same period last year, the company earned $0.73 EPS. Koppers’s revenue for the quarter was up 7.3% on a year-over-year basis. Koppers updated its FY19 guidance to $3.35-3.55 EPS.
Shares of NYSE:KOP traded up $3.10 during mid-day trading on Friday, reaching $43.81. 346,736 shares of the company traded hands, compared to its average volume of 136,221. The company’s 50 day moving average price is $30.41 and its 200-day moving average price is $28.38. The firm has a market cap of $724.11 million, a PE ratio of 12.52, a PEG ratio of 0.58 and a beta of 1.06. The company has a debt-to-equity ratio of 10.54, a current ratio of 2.01 and a quick ratio of 1.00. Koppers has a 52 week low of $15.00 and a 52 week high of $44.75.
A number of equities research analysts have issued reports on the company. Monness Crespi & Hardt boosted 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. 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. Finally, Barrington Research restated a “buy” rating on shares of Koppers in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Koppers presently has an average rating of “Buy” and an average target price of $37.33.
In other Koppers news, VP R. Michael Johnson purchased 12,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average cost of $28.92 per share, with a total value of $347,040.00. Following the acquisition, the vice president now owns 209,073 shares in the company, valued at $6,046,391.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Xudong Feng sold 2,442 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $26.92, for a total value of $65,738.64. Following the completion of the transaction, the director now directly owns 27,510 shares in the company, valued at $740,569.20. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.
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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