SunCoke Energy Inc. (NYSE:SXC) – Investment analysts at FBR & Co raised their Q4 2016 earnings per share (EPS) estimates for shares of SunCoke Energy in a report issued on Thursday. FBR & Co analyst L. Pipes now expects that the brokerage will post earnings of $0.32 per share for the quarter, up from their prior forecast of $0.27. FBR & Co also issued estimates for SunCoke Energy’s FY2018 earnings at $0.22 EPS.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $292.70 million for the quarter, compared to analysts’ expectations of $286.20 million. SunCoke Energy had a positive return on equity of 0.95% and a negative net margin of 1.02%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS.
Separately, Zacks Investment Research upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. SunCoke Energy has a consensus rating of “Hold” and a consensus price target of $8.50.
SunCoke Energy (NYSE:SXC) opened at 7.28 on Friday. The stock’s market cap is $467.22 million. SunCoke Energy has a 12 month low of $2.05 and a 12 month high of $8.21. The firm’s 50-day moving average is $7.16 and its 200-day moving average is $6.73.
Large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in shares of SunCoke Energy by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 28,400 shares of the company’s stock valued at $165,000 after buying an additional 100 shares during the period. Eqis Capital Management Inc. boosted its stake in shares of SunCoke Energy by 1.5% in the third quarter. Eqis Capital Management Inc. now owns 15,063 shares of the company’s stock valued at $121,000 after buying an additional 224 shares during the period. Arizona State Retirement System boosted its stake in shares of SunCoke Energy by 1.5% in the second quarter. Arizona State Retirement System now owns 33,330 shares of the company’s stock valued at $194,000 after buying an additional 500 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of SunCoke Energy by 2.2% in the second quarter. Thrivent Financial for Lutherans now owns 30,757 shares of the company’s stock valued at $179,000 after buying an additional 660 shares during the period. Finally, Profund Advisors LLC boosted its stake in shares of SunCoke Energy by 6.8% in the second quarter. Profund Advisors LLC now owns 21,134 shares of the company’s stock valued at $123,000 after buying an additional 1,352 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.
In related news, major shareholder Mangrove Partners Fund (Cayman acquired 215,517 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were acquired at an average cost of $7.20 per share, for a total transaction of $1,551,722.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.27% of the company’s stock.
SunCoke Energy Company Profile
SunCoke Energy, Inc is an independent producer of coke in the Americas. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois, and Middletown, Ohio, respectively.
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