SunCoke Energy Inc (SXC) Expected to Announce Earnings of $0.08 Per Share

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Equities research analysts expect SunCoke Energy Inc (NYSE:SXC) to announce earnings of $0.08 per share for the current quarter, according to Zacks. Two analysts have made estimates for SunCoke Energy’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.11. SunCoke Energy posted earnings per share of $0.14 during the same quarter last year, which would suggest a negative year-over-year growth rate of 42.9%. The company is scheduled to announce its next earnings report on Wednesday, January 30th.

On average, analysts expect that SunCoke Energy will report full-year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.43. For the next financial year, analysts anticipate that the firm will report earnings of $0.39 per share, with EPS estimates ranging from $0.29 to $0.49. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for SunCoke Energy.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, October 25th. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.17. SunCoke Energy had a net margin of 10.99% and a return on equity of 5.00%. The company had revenue of $364.50 million for the quarter, compared to analysts’ expectations of $330.25 million.

Separately, Zacks Investment Research raised shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Saturday, October 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.00.

SXC traded up $0.12 on Wednesday, hitting $11.66. 296,657 shares of the company’s stock were exchanged, compared to its average volume of 466,850. SunCoke Energy has a fifty-two week low of $9.38 and a fifty-two week high of $14.32. The company has a quick ratio of 1.13, a current ratio of 1.65 and a debt-to-equity ratio of 1.22. The stock has a market cap of $734.90 million, a PE ratio of 41.64 and a beta of 0.80.

Hedge funds have recently made changes to their positions in the company. Capital Fund Management S.A. acquired a new position in shares of SunCoke Energy during the 2nd quarter valued at about $143,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of SunCoke Energy during the 2nd quarter valued at about $183,000. Globeflex Capital L P boosted its position in shares of SunCoke Energy by 549.1% during the 2nd quarter. Globeflex Capital L P now owns 15,688 shares of the energy company’s stock valued at $210,000 after acquiring an additional 13,271 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of SunCoke Energy during the 1st quarter valued at about $175,000. Finally, Stone Ridge Asset Management LLC boosted its position in shares of SunCoke Energy by 39.0% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 19,727 shares of the energy company’s stock valued at $229,000 after acquiring an additional 5,536 shares during the last quarter. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

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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