SunCoke Energy Partners LP (SXCP) Expected to Post Earnings of $0.32 Per Share

Wall Street brokerages predict that SunCoke Energy Partners LP (NYSE:SXCP) will announce $0.32 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for SunCoke Energy Partners’ earnings, with estimates ranging from $0.25 to $0.41. SunCoke Energy Partners posted earnings of $0.13 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 146.2%. The business is expected to announce its next quarterly earnings results on Thursday, July 26th.

According to Zacks, analysts expect that SunCoke Energy Partners will report full year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.61 to $1.67. For the next year, analysts expect that the firm will report earnings of $1.85 per share, with EPS estimates ranging from $1.70 to $2.02. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for SunCoke Energy Partners.

SunCoke Energy Partners (NYSE:SXCP) last issued its quarterly earnings data on Thursday, April 26th. The energy company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.05). The company had revenue of $214.80 million for the quarter, compared to the consensus estimate of $205.57 million. SunCoke Energy Partners had a return on equity of 12.90% and a net margin of 14.13%.

A number of research analysts recently commented on SXCP shares. B. Riley lowered their price objective on SunCoke Energy Partners from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, April 30th. Seaport Global Securities started coverage on SunCoke Energy Partners in a research note on Tuesday, April 3rd. They set a “buy” rating and a $21.00 price objective for the company. ValuEngine upgraded SunCoke Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 17th. Finally, Zacks Investment Research downgraded SunCoke Energy Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.67.

In other SunCoke Energy Partners news, major shareholder Sun Coal & Coke Llc purchased 12,577 shares of the firm’s stock in a transaction dated Friday, March 23rd. The stock was bought at an average price of $17.93 per share, with a total value of $225,505.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip Michael Hardesty purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The stock was acquired at an average cost of $15.65 per share, with a total value of $39,125.00. Following the purchase, the insider now owns 4,931 shares of the company’s stock, valued at approximately $77,170.15. The disclosure for this purchase can be found here. In the last three months, insiders bought 92,754 shares of company stock valued at $1,655,902.

Large investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc bought a new position in shares of SunCoke Energy Partners in the first quarter worth $182,000. OMERS ADMINISTRATION Corp grew its stake in shares of SunCoke Energy Partners by 25.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 49,500 shares of the energy company’s stock worth $881,000 after purchasing an additional 9,900 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of SunCoke Energy Partners in the fourth quarter worth $994,000. First Republic Investment Management Inc. bought a new position in shares of SunCoke Energy Partners in the first quarter worth $1,465,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of SunCoke Energy Partners by 10.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 120,530 shares of the energy company’s stock worth $2,103,000 after purchasing an additional 11,300 shares in the last quarter. 8.56% of the stock is owned by institutional investors.

SunCoke Energy Partners remained flat at $$15.70 during trading on Thursday, according to MarketBeat.com. The company had a trading volume of 112,458 shares, compared to its average volume of 204,621. The company has a market cap of $723.45 million, a P/E ratio of 9.52 and a beta of 1.41. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.83 and a current ratio of 1.54. SunCoke Energy Partners has a 52-week low of $14.75 and a 52-week high of $21.95.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $1.60 annualized dividend and a dividend yield of 10.19%. SunCoke Energy Partners’s payout ratio is 96.97%.

SunCoke Energy Partners Company Profile

SunCoke Energy Partners, L.P., a master limited partnership, produces and sells coke used in the blast furnace production of steel in the United States. It operates through two segments, Domestic Coke and Logistics. The company also provides metallurgical and thermal coal mixing and handling terminal services, as well as operates Convent Marine Terminal, an export terminal in the United States Gulf Coast located in Convent, Louisiana.

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Earnings History and Estimates for SunCoke Energy Partners (NYSE:SXCP)

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