Wall Street analysts predict that SunCoke Energy Partners, L.P. (NYSE:SXCP) will report $0.23 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for SunCoke Energy Partners, L.P.’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.20. SunCoke Energy Partners, L.P. reported earnings per share of $0.42 in the same quarter last year, which would suggest a negative year over year growth rate of 45.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 19th.

On average, analysts expect that SunCoke Energy Partners, L.P. will report full year earnings of ($1.99) per share for the current year, with EPS estimates ranging from ($2.07) to ($1.91). For the next financial year, analysts forecast that the business will report earnings of $1.61 per share, with EPS estimates ranging from $1.52 to $1.77. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for SunCoke Energy Partners, L.P..

SunCoke Energy Partners, L.P. (NYSE:SXCP) last issued its earnings results on Thursday, July 27th. The energy company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.08. SunCoke Energy Partners, L.P. had a negative net margin of 9.52% and a positive return on equity of 14.02%. The firm had revenue of $200.60 million during the quarter, compared to analysts’ expectations of $212.25 million. During the same quarter last year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year.

Several brokerages have issued reports on SXCP. Zacks Investment Research downgraded shares of SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of SunCoke Energy Partners, L.P. from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.

In related news, major shareholder Sun Coal & Coke Llc acquired 4,100 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was purchased at an average cost of $17.95 per share, for a total transaction of $73,595.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 808,938 shares of company stock valued at $13,989,933 over the last 90 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SXCP. Rafferty Asset Management LLC raised its position in shares of SunCoke Energy Partners, L.P. by 34.7% in the first quarter. Rafferty Asset Management LLC now owns 200,268 shares of the energy company’s stock valued at $3,074,000 after buying an additional 51,559 shares in the last quarter. Van ECK Associates Corp raised its position in shares of SunCoke Energy Partners, L.P. by 49.3% in the first quarter. Van ECK Associates Corp now owns 274,038 shares of the energy company’s stock valued at $4,206,000 after buying an additional 90,485 shares in the last quarter. California Public Employees Retirement System raised its position in shares of SunCoke Energy Partners, L.P. by 16.5% in the first quarter. California Public Employees Retirement System now owns 67,700 shares of the energy company’s stock valued at $1,039,000 after buying an additional 9,600 shares in the last quarter. Global X Management Co. LLC raised its position in shares of SunCoke Energy Partners, L.P. by 6.7% in the first quarter. Global X Management Co. LLC now owns 6,486 shares of the energy company’s stock valued at $100,000 after buying an additional 409 shares in the last quarter. Finally, UBS Group AG raised its position in shares of SunCoke Energy Partners, L.P. by 93.4% in the first quarter. UBS Group AG now owns 8,329 shares of the energy company’s stock valued at $128,000 after buying an additional 4,023 shares in the last quarter. Institutional investors own 15.71% of the company’s stock.

Shares of SunCoke Energy Partners, L.P. (NYSE SXCP) traded down 1.47% on Friday, reaching $16.75. The company’s stock had a trading volume of 92,042 shares. The company has a 50 day moving average price of $17.56 and a 200 day moving average price of $16.86. The company’s market cap is $774.24 million. SunCoke Energy Partners, L.P. has a 52-week low of $13.50 and a 52-week high of $21.95.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.594 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $2.38 annualized dividend and a yield of 14.19%. SunCoke Energy Partners, L.P.’s dividend payout ratio (DPR) is presently -127.27%.

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SunCoke Energy Partners, L.P. Company Profile

SunCoke Energy Partners, L.P. is engaged in the production of coke used in the blast furnace production of steel. As of December 31, 2016, the Company owned a 98% interest in Haverhill Coke Company LLC (Haverhill), Middletown Coke Company, LLC (Middletown), and Gateway Energy and Coke Company, LLC (Granite City).

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