Koppers (NYSE:KOP) Releases FY22 Earnings Guidance

Koppers (NYSE:KOP – Get Rating) updated its FY22 earnings guidance on Thursday. The company provided earnings per share guidance of ~$4.10 for the period, compared to the consensus earnings per share estimate of $4.10. The company issued revenue guidance of ~$2.0 billion, compared to the consensus revenue estimate of $1.90 billion. Koppers also updated its FY 2022 guidance to $4.10-$4.10 EPS.

Analysts Set New Price Targets

Separately, TheStreet downgraded Koppers from a b- rating to a c+ rating in a research report on Thursday, July 7th.

Koppers Stock Up 1.8 %

Shares of NYSE KOP traded up $0.43 on Friday, reaching $23.76. 69,498 shares of the company’s stock traded hands, compared to its average volume of 109,014. Koppers has a 12 month low of $20.65 and a 12 month high of $37.44. The business’s 50 day simple moving average is $23.78 and its two-hundred day simple moving average is $26.21. The company has a market cap of $502.05 million, a price-to-earnings ratio of 8.19 and a beta of 1.80. The company has a quick ratio of 1.18, a current ratio of 2.11 and a debt-to-equity ratio of 2.20.

Koppers (NYSE:KOP – Get Rating) last announced its earnings results on Thursday, August 4th. The specialty chemicals company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.18). The business had revenue of $502.50 million for the quarter, compared to the consensus estimate of $507.00 million. Koppers had a net margin of 3.51% and a return on equity of 19.61%. Koppers’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 EPS. As a group, equities research analysts forecast that Koppers will post 4.1 EPS for the current fiscal year.

Koppers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 26th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, August 25th. Koppers’s dividend payout ratio is presently 6.90%.

Insider Activity at Koppers

In other Koppers news, Director Xudong Feng sold 2,430 shares of the business’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $24.37, for a total value of $59,219.10. Following the sale, the director now owns 32,840 shares in the company, valued at approximately $800,310.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Koppers

Hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its holdings in Koppers by 122.1% during the 1st quarter. Captrust Financial Advisors now owns 1,006 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 553 shares during the last quarter. Bank of Montreal Can increased its stake in Koppers by 6.0% during the 1st quarter. Bank of Montreal Can now owns 7,518 shares of the specialty chemicals company’s stock valued at $212,000 after purchasing an additional 425 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Koppers by 43.9% in the first quarter. Guggenheim Capital LLC now owns 9,948 shares of the specialty chemicals company’s stock worth $274,000 after acquiring an additional 3,033 shares during the period. Raymond James & Associates increased its stake in shares of Koppers by 23.2% in the first quarter. Raymond James & Associates now owns 11,169 shares of the specialty chemicals company’s stock worth $307,000 after acquiring an additional 2,101 shares during the period. Finally, MetLife Investment Management LLC grew its position in Koppers by 45.6% during the first quarter. MetLife Investment Management LLC now owns 12,105 shares of the specialty chemicals company’s stock valued at $333,000 after buying an additional 3,789 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Koppers Company Profile

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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 three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).