Equities analysts predict that SunCoke Energy Partners, L.P. (NYSE:SXCP) will announce sales of $212.06 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for SunCoke Energy Partners, L.P.’s earnings, with estimates ranging from $193.82 million to $230.30 million. SunCoke Energy Partners, L.P. posted sales of $185.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The company is expected to issue its next earnings report on Thursday, October 19th.

On average, analysts expect that SunCoke Energy Partners, L.P. will report full-year sales of $212.06 million for the current financial year, with estimates ranging from $843.61 million to $921.60 million. For the next financial year, analysts expect that the business will report sales of $865.90 million per share, with estimates ranging from $848.80 million to $883.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for SunCoke Energy Partners, L.P..

SunCoke Energy Partners, L.P. (NYSE:SXCP) last posted its earnings results on Thursday, July 27th. The energy company reported $0.13 earnings per share 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 business had revenue of $200.60 million during the quarter, compared to analysts’ expectations of $212.25 million. During the same period last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year.

Several brokerages recently commented on SXCP. Zacks Investment Research cut SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine cut SunCoke Energy Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 17th.

SunCoke Energy Partners, L.P. (NYSE:SXCP) opened at 16.75 on Monday. SunCoke Energy Partners, L.P. has a 12-month low of $13.50 and a 12-month high of $21.95. The stock’s market capitalization is $774.24 million. The company has a 50 day moving average of $17.56 and a 200-day moving average of $16.86.

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

ILLEGAL ACTIVITY WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/09/11/212-06-million-in-sales-expected-for-suncoke-energy-partners-l-p-sxcp-this-quarter-2.html.

In other news, major shareholder Sun Coal & Coke Llc purchased 32,096 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was purchased at an average cost of $17.55 per share, for a total transaction of $563,284.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 751,950 shares of company stock valued at $12,993,213 over the last quarter.

Large investors have recently modified their holdings of the business. Morgan Stanley lifted its stake in shares of SunCoke Energy Partners, L.P. by 12.7% in the 1st quarter. Morgan Stanley now owns 4,169,812 shares of the energy company’s stock valued at $64,008,000 after purchasing an additional 468,527 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in shares of SunCoke Energy Partners, L.P. by 34.7% in the 1st quarter. Rafferty Asset Management LLC now owns 200,268 shares of the energy company’s stock valued at $3,074,000 after purchasing an additional 51,559 shares during the last quarter. Alpha Cubed Investments LLC acquired a new position in shares of SunCoke Energy Partners, L.P. in the 2nd quarter valued at $292,000. Gendell Jeffrey L lifted its stake in shares of SunCoke Energy Partners, L.P. by 259.6% in the 1st quarter. Gendell Jeffrey L now owns 863,511 shares of the energy company’s stock valued at $13,255,000 after purchasing an additional 623,399 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of SunCoke Energy Partners, L.P. by 16.5% in the 1st quarter. California Public Employees Retirement System now owns 67,700 shares of the energy company’s stock valued at $1,039,000 after purchasing an additional 9,600 shares during the last quarter. Institutional investors own 15.71% of the company’s stock.

About SunCoke Energy Partners, L.P.

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).

Get a free copy of the Zacks research report on SunCoke Energy Partners, L.P. (SXCP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SunCoke Energy Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.