Brokerages expect SunCoke Energy Inc (NYSE:SXC) to announce $0.11 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for SunCoke Energy’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.13. SunCoke Energy reported earnings per share of $0.18 in the same quarter last year, which suggests a negative year-over-year growth rate of 38.9%. The business is scheduled to announce its next quarterly earnings results 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 year, analysts anticipate that the company will report earnings of $0.90 per share, with EPS estimates ranging from $0.86 to $0.94. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for SunCoke Energy.
SunCoke Energy (NYSE:SXC) last posted its earnings results on Tuesday, July 30th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.17). The business had revenue of $407.50 million during the quarter, compared to analyst estimates of $369.30 million. SunCoke Energy had a net margin of 1.66% and a return on equity of 3.66%. SunCoke Energy’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share.
SXC has been the subject of a number of analyst reports. ValuEngine upgraded shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd.
In other SunCoke Energy news, Director John W. Rowe bought 15,974 shares of SunCoke Energy stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $5.91 per share, for a total transaction of $94,406.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.46% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in SunCoke Energy by 18.8% in the 4th quarter. Bank of America Corp DE now owns 397,395 shares of the energy company’s stock worth $3,397,000 after buying an additional 62,789 shares during the last quarter. Millennium Management LLC lifted its stake in SunCoke Energy by 108.4% in the 4th quarter. Millennium Management LLC now owns 58,132 shares of the energy company’s stock worth $497,000 after purchasing an additional 30,242 shares in the last quarter. Virtu Financial LLC purchased a new position in SunCoke Energy in the 1st quarter worth approximately $173,000. Strs Ohio lifted its stake in SunCoke Energy by 4.4% in the 1st quarter. Strs Ohio now owns 77,700 shares of the energy company’s stock worth $659,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Bailard Inc. purchased a new position in SunCoke Energy in the 1st quarter worth approximately $188,000. Institutional investors and hedge funds own 71.91% of the company’s stock.
NYSE SXC traded down $0.25 during trading on Friday, reaching $6.12. The company’s stock had a trading volume of 637,616 shares, compared to its average volume of 1,383,219. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $580.99 million, a PE ratio of 15.30 and a beta of 1.26. The business has a 50-day moving average price of $7.64 and a 200-day moving average price of $8.43. SunCoke Energy has a 1-year low of $5.81 and a 1-year high of $12.04.
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.
Recommended Story: What strategies should day traders use to execute a trade?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.