SunCoke Energy Inc. (NYSE:SXC) is scheduled to issue its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $285.90 million for the quarter.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. The company 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 business’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS. On average, analysts expect SunCoke Energy to post $0.06 EPS for the current fiscal year and $0.22 EPS for the next fiscal year.
Shares of SunCoke Energy Inc. (NYSE:SXC) opened at 7.75 on Wednesday. SunCoke Energy Inc. has a one year low of $2.05 and a one year high of $8.21. The stock’s market cap is $497.39 million. The company’s 50-day moving average price is $7.22 and its 200-day moving average price is $6.76.
In related news, major shareholder Mangrove Partners Fund (Cayman acquired 215,517 shares of the firm’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.27% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Arizona State Retirement System increased 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 worth $194,000 after buying an additional 500 shares during the period. Thrivent Financial for Lutherans increased 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 last quarter. Profund Advisors LLC increased 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 last quarter. Paloma Partners Management Co increased its stake in shares of SunCoke Energy by 16.9% in the second quarter. Paloma Partners Management Co now owns 21,832 shares of the company’s stock valued at $127,000 after buying an additional 3,157 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of SunCoke Energy by 3.4% in the second quarter. Guggenheim Capital LLC now owns 252,821 shares of the company’s stock valued at $1,471,000 after buying an additional 8,239 shares during the last quarter. Institutional investors and hedge funds own 84.21% of the company’s stock.
Separately, Zacks Investment Research cut SunCoke Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday.
About SunCoke Energy
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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