Brokerages Expect SunCoke Energy (SXC) Will Announce Earnings of $0.03 Per Share

Equities research analysts expect that SunCoke Energy (NYSE:SXC) will announce earnings of $0.03 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued 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 issue its next quarterly earnings report 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 fiscal year, with EPS estimates ranging from $0.25 to $0.35. For the next fiscal year, analysts expect that the business will post earnings of $0.34 per share, with EPS estimates ranging from $0.22 to $0.43. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for SunCoke Energy.

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



SXC has been the subject of a number of recent research reports. Clarkson Capital upgraded shares of SunCoke Energy from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. ValuEngine downgraded shares of SunCoke Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 7th. Zacks Investment Research downgraded shares of SunCoke Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. B. Riley lifted their price target 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. Finally, Seaport Global Securities initiated coverage on shares of SunCoke Energy in a report on Tuesday, April 3rd. They set a “buy” rating and a $13.00 price target for the company. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company. SunCoke Energy presently has a consensus rating of “Hold” and an average price target of $13.00.

A number of institutional investors have recently added to or reduced their stakes in SXC. Boston Partners grew its holdings in SunCoke Energy by 28.5% in the fourth quarter. Boston Partners now owns 4,594,984 shares of the energy company’s stock valued at $55,094,000 after purchasing an additional 1,019,796 shares during the period. JPMorgan Chase & Co. grew its holdings in SunCoke Energy by 81.3% in the third quarter. JPMorgan Chase & Co. now owns 1,711,619 shares of the energy company’s stock valued at $15,353,000 after purchasing an additional 767,312 shares during the period. Renaissance Technologies LLC grew its holdings in SunCoke Energy by 18.8% in the fourth quarter. Renaissance Technologies LLC now owns 2,640,521 shares of the energy company’s stock valued at $31,660,000 after purchasing an additional 418,561 shares during the period. Goldman Sachs Group Inc. grew its holdings in SunCoke Energy by 108.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 406,439 shares of the energy company’s stock valued at $4,874,000 after purchasing an additional 211,875 shares during the period. Finally, BlackRock Inc. grew its holdings in SunCoke Energy by 2.4% in the fourth quarter. BlackRock Inc. now owns 8,444,996 shares of the energy company’s stock valued at $101,256,000 after purchasing an additional 193,985 shares during the period. Hedge funds and other institutional investors own 88.86% of the company’s stock.

Shares of NYSE SXC traded down $0.03 during midday trading on Wednesday, reaching $10.73. 162,237 shares of the stock were exchanged, compared to its average volume of 656,766. The company has a market cap of $694.48, a PE ratio of 38.43 and a beta of 1.13. SunCoke Energy has a 52-week low of $7.66 and a 52-week high of $13.43. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.74 and a quick ratio of 1.12.

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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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