Koppers (NYSE:KOP) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Koppers reported earnings of $1.48 per share for the quarter, missing analysts' expectations by $0.01 and marking a 10.4% decline in revenue year-over-year.
• The company's stock fell by 13.3% during trading, reaching a price of $28.85, with a market capitalization of approximately $577.29 million.
• Koppers announced a quarterly dividend of $0.08, with an annualized yield of 1.1%, alongside a revised EPS guidance for FY 2025 set between 4.000-4.600.

Koppers (NYSE:KOP - Get Free Report) announced its quarterly earnings data on Friday. The specialty chemicals company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01), RTT News reports. The business had revenue of $504.80 million during the quarter, compared to analysts' expectations of $540.30 million. Koppers had a net margin of 0.76% and a return on equity of 17.43%. Koppers's revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. Koppers updated its FY 2025 guidance to 4.000-4.600 EPS.

Koppers Trading Down 1.1%

KOP stock traded down $0.35 during trading on Thursday, reaching $30.71. 168,414 shares of the stock traded hands, compared to its average volume of 144,455. The business's 50 day moving average price is $32.51 and its 200-day moving average price is $29.87. Koppers has a 52-week low of $22.99 and a 52-week high of $40.07. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.11. The firm has a market capitalization of $605.64 million, a PE ratio of 42.66 and a beta of 1.40.

Koppers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 29th. Koppers's payout ratio is 44.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KOP shares. Barrington Research set a $55.00 price objective on Koppers and gave the company an "outperform" rating in a research report on Friday, August 8th. B. Riley reaffirmed a "buy" rating and issued a $50.00 price objective (down previously from $55.00) on shares of Koppers in a research report on Monday.

Institutional Investors Weigh In On Koppers

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in Koppers by 3.0% during the first quarter. Empowered Funds LLC now owns 111,031 shares of the specialty chemicals company's stock valued at $3,109,000 after acquiring an additional 3,212 shares during the period. Goldman Sachs Group Inc. grew its position in Koppers by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 107,054 shares of the specialty chemicals company's stock valued at $2,998,000 after acquiring an additional 1,845 shares during the period. Squarepoint Ops LLC grew its position in Koppers by 44.9% during the second quarter. Squarepoint Ops LLC now owns 64,226 shares of the specialty chemicals company's stock valued at $2,065,000 after acquiring an additional 19,916 shares during the period. AQR Capital Management LLC grew its position in Koppers by 3.2% during the first quarter. AQR Capital Management LLC now owns 71,897 shares of the specialty chemicals company's stock valued at $2,013,000 after acquiring an additional 2,212 shares during the period. Finally, Jane Street Group LLC grew its position in Koppers by 374.3% during the first quarter. Jane Street Group LLC now owns 52,076 shares of the specialty chemicals company's stock valued at $1,458,000 after acquiring an additional 41,097 shares during the period. Hedge funds and other institutional investors own 92.75% of the company's stock.

About Koppers

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