Zacks: Brokerages Anticipate SunCoke Energy Inc (NYSE:SXC) Will Announce Earnings of $0.03 Per Share

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Equities analysts expect SunCoke Energy Inc (NYSE:SXC) to post earnings of $0.03 per share for the current quarter, according to Zacks. 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 posted earnings per share of $0.03 in the same quarter last year. The company is expected to report its next earnings report on Tuesday, February 4th.

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

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

Several brokerages recently issued reports on SXC. ValuEngine raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet lowered shares of SunCoke Energy from a “c-” rating to a “d” rating in a research note on Tuesday, November 5th. Zacks Investment Research raised shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, 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.

In other SunCoke Energy news, Director James E. Sweetnam acquired 5,300 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average cost of $4.98 per share, with a total value of $26,394.00. 1.46% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of SunCoke Energy by 63.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,938 shares of the energy company’s stock valued at $33,000 after buying an additional 2,295 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of SunCoke Energy by 41.8% in the second quarter. Bank of Montreal Can now owns 9,249 shares of the energy company’s stock valued at $81,000 after buying an additional 2,728 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of SunCoke Energy by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 134,320 shares of the energy company’s stock valued at $1,193,000 after buying an additional 5,170 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of SunCoke Energy by 103.2% in the second quarter. Royal Bank of Canada now owns 11,786 shares of the energy company’s stock valued at $103,000 after buying an additional 5,987 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of SunCoke Energy by 19.4% in the second quarter. Van ECK Associates Corp now owns 50,281 shares of the energy company’s stock valued at $446,000 after buying an additional 8,159 shares in the last quarter. 86.37% of the stock is currently owned by hedge funds and other institutional investors.

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 firm also recently disclosed an annual dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 18th. SunCoke Energy’s dividend payout ratio (DPR) is 15.00%.

SunCoke Energy Company Profile

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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Earnings History and Estimates for SunCoke Energy (NYSE:SXC)

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