SunCoke Energy (NYSE:SXC) Releases Earnings Results, Beats Expectations By $0.07 EPS

SunCoke Energy (NYSE:SXC) posted its earnings results on Tuesday. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07, Zacks reports. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.

SunCoke Energy Stock Performance

NYSE:SXC opened at $9.80 on Tuesday. The stock has a market cap of $832.03 million, a P/E ratio of -15.32 and a beta of 1.01. The firm’s fifty day simple moving average is $9.86 and its 200 day simple moving average is $8.23. SunCoke Energy has a twelve month low of $5.51 and a twelve month high of $10.68. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 17th were issued a $0.12 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.48 annualized dividend and a yield of 4.9%. SunCoke Energy’s payout ratio is -75.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SXC shares. Wall Street Zen upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Weiss Ratings raised SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.00.

SunCoke Energy Company Profile

SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.

SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.

The company was separated from Sunoco and became a publicly traded company in 2011.