SunCoke Energy Inc. (SXC) Expected to Post FY2017 Earnings of $0.19 Per Share
SunCoke Energy Inc. (NYSE:SXC) – Stock analysts at FBR & Co lowered their FY2017 earnings per share estimates for SunCoke Energy in a research note issued to investors on Thursday. FBR & Co analyst L. Pipes now expects that the firm will post earnings per share of $0.19 for the year, down from their previous forecast of $0.20.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. SunCoke Energy had a negative net margin of 1.02% and a positive return on equity of 0.95%. The company had revenue of $292.70 million for the quarter, compared to the consensus estimate of $286.20 million. During the same period in the previous year, the business earned ($0.04) EPS. SunCoke Energy’s revenue for the quarter was down 15.9% compared to the same quarter last year.
Separately, Zacks Investment Research upgraded SunCoke Energy from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Tuesday, July 19th.
Shares of SunCoke Energy (NYSE:SXC) traded up 2.28% during midday trading on Monday, reaching $7.62. The company’s stock had a trading volume of 87,799 shares. SunCoke Energy has a 12-month low of $2.05 and a 12-month high of $8.21. The stock’s 50-day moving average price is $7.19 and its 200-day moving average price is $6.75. The company’s market cap is $489.04 million.
In other news, major shareholder Mangrove Partners Fund (Cayman acquired 291,478 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were purchased at an average price of $6.98 per share, for a total transaction of $2,034,516.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.27% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of SunCoke Energy during the first quarter valued at $103,000. Prudential Financial Inc. increased its stake in shares of SunCoke Energy by 2.5% in the first quarter. Prudential Financial Inc. now owns 152,910 shares of the company’s stock valued at $994,000 after buying an additional 3,800 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SunCoke Energy by 8.5% in the first quarter. JPMorgan Chase & Co. now owns 141,461 shares of the company’s stock valued at $919,000 after buying an additional 11,140 shares during the period. Advisor Partners LLC increased its stake in shares of SunCoke Energy by 44.5% in the first quarter. Advisor Partners LLC now owns 19,277 shares of the company’s stock valued at $125,000 after buying an additional 5,937 shares during the period. Finally, Menta Capital LLC increased its stake in shares of SunCoke Energy by 40.0% in the first quarter. Menta Capital LLC now owns 95,334 shares of the company’s stock valued at $620,000 after buying an additional 27,254 shares during the period. Institutional investors own 84.21% of the company’s stock.
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.
Receive News & Stock Ratings for SunCoke Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy Inc. and related stocks with our FREE daily email newsletter.