Koppers (NYSE:KOP) released its earnings results on Thursday. The specialty chemicals company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.38), MarketWatch Earnings reports. The firm had revenue of $442.70 million during the quarter, compared to analyst estimates of $502.63 million. Koppers had a return on equity of 79.35% and a net margin of 1.47%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $1.43 earnings per share. Koppers updated its FY18 guidance to $3.30-3.40 EPS.
KOP traded down $1.86 during trading on Friday, reaching $19.80. The stock had a trading volume of 790,847 shares, compared to its average volume of 157,228. The company has a market capitalization of $599.10 million, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 0.38 and a beta of 0.93. The company has a debt-to-equity ratio of 9.65, a current ratio of 2.03 and a quick ratio of 1.05. Koppers has a 1-year low of $19.79 and a 1-year high of $51.65.
A number of equities research analysts have weighed in on KOP shares. Barrington Research set a $61.00 target price on Koppers and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Seaport Global Securities started coverage on Koppers in a research report on Tuesday, October 16th. They issued a “buy” rating and a $42.00 target price for the company. B. Riley set a $60.00 target price on Koppers and gave the stock a “buy” rating in a research report on Friday, August 10th. ValuEngine downgraded Koppers from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd. Finally, TheStreet downgraded Koppers from a “b-” rating to a “c” rating in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.50.
In related news, VP R. Michael Johnson acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was bought at an average price of $35.36 per share, for a total transaction of $884,000.00. Following the transaction, the vice president now owns 46,534 shares of the company’s stock, valued at $1,645,442.24. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider M Leroy Ball acquired 2,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were bought at an average price of $34.96 per share, with a total value of $69,920.00. The disclosure for this purchase can be found here. Insiders acquired 33,000 shares of company stock valued at $1,169,050 over the last 90 days. 8.70% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in KOP. Piedmont Investment Advisors LLC acquired a new stake in shares of Koppers during the 2nd quarter valued at $188,000. WINTON GROUP Ltd acquired a new stake in shares of Koppers during the 1st quarter valued at $206,000. SG Americas Securities LLC acquired a new stake in shares of Koppers during the 2nd quarter valued at $215,000. Zeke Capital Advisors LLC acquired a new stake in shares of Koppers during the 3rd quarter valued at $239,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Koppers during the 3rd quarter valued at $251,000. Institutional investors own 88.10% of the company’s stock.
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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