SunCoke Energy (NYSE:SXC) Releases Earnings Results, Beats Expectations By $0.14 EPS

SunCoke Energy (NYSE:SXC) released its earnings results on Tuesday. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.14, Briefing.com reports. The company had revenue of $485.90 million during the quarter, compared to analyst estimates of $456.55 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share.

SunCoke Energy Stock Up 11.1%

Shares of SunCoke Energy stock traded up $1.09 on Tuesday, hitting $10.90. 213,670 shares of the company traded hands, compared to its average volume of 1,486,595. The company has a 50-day moving average price of $9.86 and a 200 day moving average price of $8.23. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. SunCoke Energy has a 12-month low of $5.51 and a 12-month high of $11.12. The company has a market cap of $925.14 million, a PE ratio of -17.03 and a beta of 1.01.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, August 17th. SunCoke Energy’s payout ratio is currently -75.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SXC. Wall Street Zen upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Weiss Ratings raised SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.00.

SunCoke Energy Company Profile

SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.

SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.

The company was separated from Sunoco and became a publicly traded company in 2011.