Equities analysts predict that SunCoke Energy Inc (NYSE:SXC) will announce $339.45 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for SunCoke Energy’s earnings. The highest sales estimate is $356.60 million and the lowest is $322.30 million. SunCoke Energy reported sales of $359.60 million during the same quarter last year, which would indicate a negative year over year growth rate of 5.6%. The company is expected to issue its next earnings results on Wednesday, January 30th.
According to Zacks, analysts expect that SunCoke Energy will report full-year sales of $1.42 billion for the current financial year, with estimates ranging from $1.40 billion to $1.44 billion. For the next financial year, analysts expect that the firm will report sales of $1.43 billion, with estimates ranging from $1.33 billion to $1.52 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover SunCoke Energy.
SunCoke Energy (NYSE:SXC) last released its earnings results on Thursday, October 25th. The energy company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.17. The business had revenue of $364.50 million during the quarter, compared to analysts’ expectations of $330.25 million. SunCoke Energy had a net margin of 10.99% and a return on equity of 5.00%.
A number of research firms have recently commented on SXC. Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Saturday, October 27th. B. Riley reissued a “buy” rating and set a $14.00 target price on shares of SunCoke Energy in a research note on Friday, November 9th. Finally, ValuEngine cut shares of SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. SunCoke Energy currently has an average rating of “Buy” and a consensus price target of $13.00.
Shares of SXC stock traded up $0.13 on Friday, reaching $9.92. 6,972 shares of the company were exchanged, compared to its average volume of 373,300. The stock has a market capitalization of $617.05 million, a P/E ratio of 35.43 and a beta of 0.80. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 1.22. SunCoke Energy has a 1 year low of $7.63 and a 1 year high of $14.32.
A number of hedge funds and other institutional investors have recently made changes to their positions in SXC. Wells Fargo & Company MN grew its stake in SunCoke Energy by 7.4% during the 2nd quarter. Wells Fargo & Company MN now owns 540,611 shares of the energy company’s stock valued at $7,244,000 after acquiring an additional 37,194 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in SunCoke Energy by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 794,747 shares of the energy company’s stock valued at $10,650,000 after purchasing an additional 28,746 shares during the last quarter. SG Americas Securities LLC boosted its holdings in SunCoke Energy by 168.7% in the 2nd quarter. SG Americas Securities LLC now owns 28,535 shares of the energy company’s stock valued at $382,000 after purchasing an additional 17,916 shares during the last quarter. BlackRock Inc. boosted its holdings in SunCoke Energy by 8.3% in the 2nd quarter. BlackRock Inc. now owns 9,215,417 shares of the energy company’s stock valued at $123,487,000 after purchasing an additional 706,312 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in SunCoke Energy by 7.6% in the 2nd quarter. Legal & General Group Plc now owns 128,262 shares of the energy company’s stock valued at $1,712,000 after purchasing an additional 9,073 shares during the last quarter. 88.36% of the stock is owned by institutional investors.
About SunCoke Energy
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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