SunCoke Energy Inc (SXC) Expected to Post Earnings of $0.12 Per Share

Brokerages expect that SunCoke Energy Inc (NYSE:SXC) will announce earnings of $0.12 per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for SunCoke Energy’s earnings. SunCoke Energy reported earnings per share of $0.13 in the same quarter last year, which suggests a negative year-over-year growth rate of 7.7%. The firm is expected to announce its next quarterly earnings results on Thursday, April 25th.

According to Zacks, analysts expect that SunCoke Energy will report full-year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.38 to $0.49. For the next year, analysts anticipate that the firm will report earnings of $0.61 per share, with EPS estimates ranging from $0.55 to $0.66. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow SunCoke Energy.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Tuesday, February 5th. The energy company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). SunCoke Energy had a net margin of 10.99% and a return on equity of 5.00%. The business had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $339.45 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. SunCoke Energy’s revenue was down 4.6% on a year-over-year basis.

SXC has been the topic of several research analyst reports. B. Riley restated a “buy” rating and issued a $14.00 price objective on shares of SunCoke Energy in a research report on Friday, November 9th. Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Saturday, October 27th. Finally, ValuEngine upgraded SunCoke Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $13.00.

Shares of SunCoke Energy stock traded up $0.05 during trading hours on Friday, hitting $10.16. The company’s stock had a trading volume of 28,124 shares, compared to its average volume of 336,131. SunCoke Energy has a 12-month low of $7.63 and a 12-month high of $14.32. The company has a market capitalization of $656.35 million, a price-to-earnings ratio of 36.29 and a beta of 1.10. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 1.22.

Several large investors have recently bought and sold shares of SXC. Oregon Public Employees Retirement Fund bought a new position in SunCoke Energy in the fourth quarter worth approximately $25,000. Victory Capital Management Inc. grew its stake in SunCoke Energy by 1.5% in the fourth quarter. Victory Capital Management Inc. now owns 172,534 shares of the energy company’s stock worth $1,475,000 after purchasing an additional 2,625 shares in the last quarter. Cutler Group LP bought a new position in SunCoke Energy in the fourth quarter worth approximately $30,000. Alps Advisors Inc. bought a new position in SunCoke Energy in the fourth quarter worth approximately $172,000. Finally, LS Investment Advisors LLC lifted its holdings in SunCoke Energy by 780.4% during the fourth quarter. LS Investment Advisors LLC now owns 16,737 shares of the energy company’s stock worth $143,000 after buying an additional 14,836 shares during the period. Institutional investors own 87.70% of the company’s stock.

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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