SunCoke Energy Inc (NYSE:SXC) Expected to Announce Earnings of $0.11 Per Share

Share on StockTwits

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.

Further Reading: What is the Quick Ratio?

Get a free copy of the Zacks research report on SunCoke Energy (SXC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for SunCoke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Capricoin  Price Hits $0.0738 on Top Exchanges
Capricoin Price Hits $0.0738 on Top Exchanges
BitCoin One Price Hits $0.0002 on Major Exchanges
BitCoin One Price Hits $0.0002 on Major Exchanges
Grid+  Price Reaches $0.0378 on Top Exchanges
Grid+ Price Reaches $0.0378 on Top Exchanges
IONChain Trading Down 10.8% Over Last Week
IONChain Trading Down 10.8% Over Last Week
Marten Transport, Ltd  Expected to Announce Earnings of $0.28 Per Share
Marten Transport, Ltd Expected to Announce Earnings of $0.28 Per Share
Sierra Wireless, Inc.  Expected to Post Quarterly Sales of $191.70 Million
Sierra Wireless, Inc. Expected to Post Quarterly Sales of $191.70 Million


 
© 2006-2019 Zolmax.