Analysts expect that SunCoke Energy Inc (NYSE:SXC) will post earnings per share of $0.02 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SunCoke Energy’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.00. SunCoke Energy reported earnings of $0.18 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 88.9%. The firm is scheduled to issue its next earnings results on Thursday, October 25th.
According to Zacks, analysts expect that SunCoke Energy will report full year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.24 to $0.33. For the next fiscal year, analysts forecast that the firm will report earnings of $0.36 per share, with EPS estimates ranging from $0.29 to $0.43. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for SunCoke Energy.
SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, July 26th. The energy company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. SunCoke Energy had a net margin of 11.19% and a return on equity of 5.36%. The company had revenue of $367.00 million during the quarter, compared to analysts’ expectations of $313.95 million. During the same period last year, the company posted ($0.38) earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis.
Separately, Zacks Investment Research upgraded shares of SunCoke Energy from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. SunCoke Energy has an average rating of “Buy” and a consensus target price of $14.00.
Shares of SXC traded down $0.10 during midday trading on Friday, hitting $11.62. The stock had a trading volume of 165,868 shares, compared to its average volume of 477,717. SunCoke Energy has a fifty-two week low of $9.01 and a fifty-two week high of $14.32. The stock has a market cap of $752.14 million, a price-to-earnings ratio of 41.50 and a beta of 0.95. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.86 and a quick ratio of 1.25.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of SunCoke Energy by 8.3% during the second quarter. BlackRock Inc. now owns 9,215,417 shares of the energy company’s stock worth $123,487,000 after purchasing an additional 706,312 shares during the period. Boston Partners boosted its holdings in shares of SunCoke Energy by 3.6% during the second quarter. Boston Partners now owns 4,557,920 shares of the energy company’s stock worth $61,076,000 after purchasing an additional 160,085 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of SunCoke Energy by 18.3% during the second quarter. Renaissance Technologies LLC now owns 4,098,600 shares of the energy company’s stock worth $54,921,000 after purchasing an additional 635,200 shares during the period. Nokomis Capital L.L.C. acquired a new stake in shares of SunCoke Energy during the first quarter worth approximately $8,728,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of SunCoke Energy by 1.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 803,176 shares of the energy company’s stock worth $8,643,000 after purchasing an additional 14,166 shares during the period. Institutional investors and hedge funds own 89.18% of the company’s stock.
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.
Featured Article: Asset Allocation
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.