$0.03 EPS Expected for SunCoke Energy (SXC) This Quarter

Analysts predict that SunCoke Energy (NYSE:SXC) will post $0.03 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for SunCoke Energy’s earnings. SunCoke Energy posted earnings per share of $0.02 during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is expected to announce its next earnings results before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that SunCoke Energy will report full year earnings of $0.29 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.35. For the next fiscal year, analysts expect that the firm will report earnings of $0.34 per share, with EPS estimates ranging from $0.22 to $0.43. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover SunCoke Energy.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Wednesday, January 31st. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). SunCoke Energy had a return on equity of 3.13% and a net margin of 9.19%. The business had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $353.60 million. During the same period last year, the business earned $0.26 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis.

SXC has been the subject of several recent research reports. Zacks Investment Research cut shares of SunCoke Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. Clarkson Capital raised shares of SunCoke Energy from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. B. Riley raised their target price on shares of SunCoke Energy from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, March 6th. Seaport Global Securities started coverage on shares of SunCoke Energy in a report on Tuesday, April 3rd. They set a “buy” rating and a $13.00 target price for the company. Finally, ValuEngine lowered shares of SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 7th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $13.00.

Shares of SunCoke Energy stock traded down $0.14 during trading on Wednesday, hitting $10.76. 346,410 shares of the company’s stock were exchanged, compared to its average volume of 445,649. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.74 and a quick ratio of 1.12. SunCoke Energy has a 52-week low of $7.66 and a 52-week high of $13.43. The stock has a market cap of $703.52, a PE ratio of 38.43 and a beta of 1.13.

A number of hedge funds have recently added to or reduced their stakes in SXC. Ameriprise Financial Inc. grew its position in SunCoke Energy by 0.9% during the third quarter. Ameriprise Financial Inc. now owns 627,448 shares of the energy company’s stock valued at $5,734,000 after buying an additional 5,334 shares during the period. JPMorgan Chase & Co. grew its position in SunCoke Energy by 81.3% during the third quarter. JPMorgan Chase & Co. now owns 1,711,619 shares of the energy company’s stock valued at $15,353,000 after buying an additional 767,312 shares during the period. Wells Fargo & Company MN grew its position in SunCoke Energy by 2.3% during the third quarter. Wells Fargo & Company MN now owns 552,012 shares of the energy company’s stock valued at $5,047,000 after buying an additional 12,212 shares during the period. GSA Capital Partners LLP grew its position in SunCoke Energy by 112.1% during the third quarter. GSA Capital Partners LLP now owns 77,968 shares of the energy company’s stock valued at $713,000 after buying an additional 41,204 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in SunCoke Energy by 1,463.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 19,230 shares of the energy company’s stock valued at $231,000 after buying an additional 18,000 shares during the period. Institutional investors own 88.75% of the company’s stock.

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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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Earnings History and Estimates for SunCoke Energy (NYSE:SXC)

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