SunCoke Energy (NYSE:SXC) Issues Quarterly Earnings Results

SunCoke Energy (NYSE:SXC) posted its quarterly earnings data on Tuesday. The energy company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.12, Zacks reports. The firm had revenue of $487.00 million during the quarter, compared to analysts’ expectations of $349.30 million. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%.

SunCoke Energy Stock Down 17.2%

Shares of NYSE SXC opened at $6.83 on Wednesday. The firm has a market capitalization of $577.85 million, a PE ratio of 7.94 and a beta of 1.07. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. SunCoke Energy has a 1 year low of $6.76 and a 1 year high of $12.82. The firm’s 50-day moving average is $8.00 and its 200-day moving average is $8.24.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Monday, November 17th. SunCoke Energy’s dividend payout ratio (DPR) is 55.81%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SXC. EverSource Wealth Advisors LLC boosted its stake in shares of SunCoke Energy by 544.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after purchasing an additional 2,528 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of SunCoke Energy by 176.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock valued at $48,000 after purchasing an additional 3,582 shares during the last quarter. Baird Financial Group Inc. bought a new position in shares of SunCoke Energy in the 2nd quarter valued at about $141,000. Cerity Partners LLC bought a new position in shares of SunCoke Energy in the 2nd quarter valued at about $205,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of SunCoke Energy by 70.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock valued at $257,000 after purchasing an additional 11,580 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of SunCoke Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. 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.