SunCoke Energy (SXC) Posts Quarterly Results
SunCoke Energy (NYSE:SXC) released its earnings data on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, AnalystRatings.NET reports. The company had revenue of $359.60 million for the quarter, compared to the consensus estimate of $364.97 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 20.8% on a year-over-year basis.
A number of research firms have recently commented on SXC. Analysts at Goldman Sachs reiterated a “buy” rating on shares of SunCoke Energy in a research note on Monday, March 17th. On the ratings front, analysts at TheStreet upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, analysts at Credit Suisse upgraded shares of SunCoke Energy from a “neutral” rating to an “outperform” rating in a research note on Friday, January 31st. They now have a $24.00 price target on the stock, up previously from $19.00. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $24.00.
Shares of SunCoke Energy (NYSE:SXC) opened at 21.94 on Thursday. SunCoke Energy has a one year low of $13.58 and a one year high of $23.90. The stock has a 50-day moving average of $22.5 and a 200-day moving average of $21.56. The company has a market cap of $1.530 billion and a P/E ratio of 61.42.
SunCoke Energy, Inc (NYSE:SXC) is an independent producer of metallurgical coke in the Americas.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.