Brokerages Expect SunCoke Energy Inc (NYSE:SXC) to Post $0.03 Earnings Per Share

Brokerages expect that SunCoke Energy Inc (NYSE:SXC) will report earnings per share of $0.03 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for SunCoke Energy’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.02. SunCoke Energy also reported earnings per share of $0.03 during the same quarter last year. The company is expected to announce its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that SunCoke Energy will report full-year earnings of $0.34 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $0.49 per share, with EPS estimates ranging from $0.41 to $0.56. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover SunCoke Energy.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. SunCoke Energy had a negative net margin of 9.48% and a positive return on equity of 3.89%. The company had revenue of $404.30 million for the quarter, compared to analyst estimates of $359.05 million. During the same period in the prior year, the firm posted $0.18 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis.

Several research analysts recently issued reports on SXC shares. B. Riley lowered shares of SunCoke Energy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $12.00 to $8.00 in a research note on Monday, September 30th. Zacks Investment Research raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. TheStreet lowered shares of SunCoke Energy from a “c-” rating to a “d” rating in a research note on Tuesday, November 5th. Finally, ValuEngine raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

In other news, Director James E. Sweetnam bought 5,300 shares of the stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $4.98 per share, for a total transaction of $26,394.00. Corporate insiders own 1.46% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SunCoke Energy by 63.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,938 shares of the energy company’s stock worth $33,000 after buying an additional 2,295 shares during the last quarter. Bank of Montreal Can increased its holdings in SunCoke Energy by 41.8% during the second quarter. Bank of Montreal Can now owns 9,249 shares of the energy company’s stock worth $81,000 after buying an additional 2,728 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in SunCoke Energy by 4.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 134,320 shares of the energy company’s stock worth $1,193,000 after buying an additional 5,170 shares during the last quarter. Royal Bank of Canada increased its holdings in SunCoke Energy by 103.2% during the second quarter. Royal Bank of Canada now owns 11,786 shares of the energy company’s stock worth $103,000 after buying an additional 5,987 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in SunCoke Energy by 19.4% during the second quarter. Van ECK Associates Corp now owns 50,281 shares of the energy company’s stock worth $446,000 after buying an additional 8,159 shares during the last quarter. Institutional investors and hedge funds own 86.37% of the company’s stock.

NYSE SXC traded down $0.03 on Monday, hitting $5.09. 709,224 shares of the company were exchanged, compared to its average volume of 920,807. The company has a market cap of $444.16 million, a PE ratio of 12.73 and a beta of 1.28. SunCoke Energy has a 12 month low of $4.55 and a 12 month high of $11.36. The stock has a fifty day moving average of $5.46 and a 200-day moving average of $6.82. The company has a current ratio of 1.73, a quick ratio of 0.88 and a debt-to-equity ratio of 1.43.

The company also recently announced an annual dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th will be issued a $0.06 dividend. The ex-dividend date is Monday, November 18th. SunCoke Energy’s dividend payout ratio is currently 15.00%.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.

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