SunCoke Energy Partners LP (SXCP) Set to Announce Earnings on Thursday
SunCoke Energy Partners LP (NYSE:SXCP) will be issuing its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $173.80 million for the quarter.
SunCoke Energy Partners (NYSE:SXCP) last posted its earnings results on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.19. The firm had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $185.40 million. SunCoke Energy Partners’s revenue for the quarter was down 12.6% on a year-over-year basis. On average, analysts expect SunCoke Energy Partners to post $1.76 EPS for the current fiscal year and $1.52 EPS for the next fiscal year.
Shares of SunCoke Energy Partners LP (NYSE:SXCP) opened at 15.65 on Wednesday. The company has a market cap of $723.19 million, a price-to-earnings ratio of 7.86 and a beta of 1.19. SunCoke Energy Partners LP has a 1-year low of $5.16 and a 1-year high of $15.75. The stock has a 50 day moving average of $14.76 and a 200 day moving average of $12.69.
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Separately, Zacks Investment Research raised SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Thursday, August 4th.
A number of institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new position in shares of SunCoke Energy Partners during the second quarter valued at approximately $208,000. KCG Holdings Inc. purchased a new position in shares of SunCoke Energy Partners during the second quarter valued at approximately $142,000. Allianz Asset Management AG purchased a new position in shares of SunCoke Energy Partners during the second quarter valued at approximately $305,000. Finally, JPMorgan Chase & Co. raised its position in shares of SunCoke Energy Partners by 279.5% in the second quarter. JPMorgan Chase & Co. now owns 22,767 shares of the company’s stock valued at $246,000 after buying an additional 16,767 shares in the last quarter.
SunCoke Energy Partners Company Profile
SunCoke Energy Partners, L.P. is engaged primarily in producing coke used in the blast furnace production of steel. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Coal Logistics, and Corporate and Other. Its Domestic Coke segment consists of the Haverhill Coke Company LLC, Middletown Coke Company, LLC and Gateway Energy and Coke Company, LLC cokemaking and heat recovery operations in Franklin Furnace, Ohio; Middletown, Ohio, and Granite City, Illinois, respectively.
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