Wall Street analysts forecast that SunCoke Energy Inc (NYSE:SXC) will announce earnings of $0.11 per share for the current quarter, according to Zacks. Two analysts have made estimates for SunCoke Energy’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.09. SunCoke Energy posted earnings of $0.18 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 38.9%. The firm is expected to announce its next earnings report on Thursday, October 24th.
On average, analysts expect that SunCoke Energy will report full-year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $0.69. For the next financial year, analysts expect that the company will report earnings of $0.90 per share, with EPS estimates ranging from $0.86 to $0.94. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for SunCoke Energy.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.17). The company had revenue of $407.50 million during the quarter, compared to the consensus estimate of $369.30 million. SunCoke Energy had a net margin of 1.66% and a return on equity of 3.66%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 earnings per share.
Several research analysts have weighed in on the stock. ValuEngine raised shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th.
In other SunCoke Energy news, Director John W. Rowe bought 15,974 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $5.91 per share, for a total transaction of $94,406.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.46% of the company’s stock.
Several large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of SunCoke Energy by 103.2% during the 2nd quarter. Royal Bank of Canada now owns 11,786 shares of the energy company’s stock worth $103,000 after purchasing an additional 5,987 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of SunCoke Energy by 29.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,559,666 shares of the energy company’s stock valued at $40,489,000 after purchasing an additional 1,037,223 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of SunCoke Energy by 12.6% in the 2nd quarter. Victory Capital Management Inc. now owns 222,925 shares of the energy company’s stock valued at $1,980,000 after purchasing an additional 24,873 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of SunCoke Energy by 27.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 52,187 shares of the energy company’s stock valued at $463,000 after purchasing an additional 11,296 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of SunCoke Energy by 29.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 53,927 shares of the energy company’s stock valued at $479,000 after purchasing an additional 12,200 shares in the last quarter. Hedge funds and other institutional investors own 81.47% of the company’s stock.
SunCoke Energy stock traded down $0.05 during trading hours on Tuesday, hitting $7.15. The company had a trading volume of 38,005 shares, compared to its average volume of 782,851. The firm has a market cap of $654.87 million, a PE ratio of 17.83 and a beta of 1.30. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.84 and a quick ratio of 1.00. SunCoke Energy has a one year low of $5.81 and a one year high of $12.04. The firm has a 50-day moving average of $6.62 and a 200 day moving average of $8.02.
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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