SunCoke Energy Partners (SXCP) Posts Quarterly Earnings, Misses Expectations By $0.43 EPS
SunCoke Energy Partners (NASDAQ:SXCP) issued its quarterly earnings data on Monday. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.43, Analyst RN reports.
A number of analysts have recently weighed in on SXCP shares. Analysts at Zacks downgraded shares of SunCoke Energy Partners from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 17th. They now have a $28.90 price target on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SunCoke Energy Partners in a research note on Monday, July 14th. They now have a $30.00 price target on the stock, up previously from $28.00. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.98.
Shares of SunCoke Energy Partners (NASDAQ:SXCP) opened at 30.50 on Monday. SunCoke Energy Partners has a 52 week low of $22.75 and a 52 week high of $32.02. The stock has a 50-day moving average of $30.96 and a 200-day moving average of $30.02. The company has a market cap of $1.139 billion and a P/E ratio of 22.72.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 6.75%. The ex-dividend date is Wednesday, August 13th. This is a boost from SunCoke Energy Partners’s previous quarterly dividend of $0.50.
SunCoke Energy Partners, L.P. manufactures coke, which is used in the blast furnace production of steel.
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