Koppers (KOP) Releases FY18 Earnings Guidance

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Koppers (NYSE:KOP) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.30-3.40 for the period, compared to the Thomson Reuters consensus estimate of $4.11. The company issued revenue guidance of $1.7 billion, compared to the consensus revenue estimate of $1.81 billion.

KOP opened at $19.80 on Friday. The company has a market capitalization of $599.10 million, a price-to-earnings ratio of 7.18, a PEG 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.

Koppers (NYSE:KOP) last released its earnings results on Thursday, November 8th. The specialty chemicals company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.38). 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. On average, analysts predict that Koppers will post 4.1 EPS for the current fiscal year.

Several research analysts have issued reports on KOP shares. Seaport Global Securities started coverage on Koppers in a report on Tuesday, October 16th. They issued a buy rating and a $42.00 price target on the stock. TheStreet cut Koppers from a b- rating to a c rating in a report on Monday, August 13th. Barrington Research reaffirmed a buy rating and issued a $61.00 price target on shares of Koppers in a report on Monday, August 13th. Zacks Investment Research raised Koppers from a hold rating to a buy rating and set a $39.00 price target on the stock in a report on Tuesday, August 14th. Finally, B. Riley set a $60.00 price target on Koppers and gave the company a buy rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $45.50.

In related news, insider M Leroy Ball purchased 2,000 shares of the company’s stock in a transaction on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert J. Neupaver purchased 5,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was bought at an average cost of $35.88 per share, for a total transaction of $179,400.00. Following the acquisition, the director now directly owns 45,316 shares of the company’s stock, valued at approximately $1,625,938.08. The disclosure for this purchase can be found here. Insiders acquired 33,000 shares of company stock worth $1,169,050 in the last ninety days. 8.70% of the stock is owned by corporate insiders.

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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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Earnings History and Estimates for Koppers (NYSE:KOP)

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