SunCoke Energy, Inc. to Post FY2018 Earnings of $0.06 Per Share, FBR & Co Forecasts (SXC)
SunCoke Energy, Inc. (NYSE:SXC) – Equities researchers at FBR & Co lifted their FY2018 EPS estimates for SunCoke Energy in a note issued to investors on Monday. FBR & Co analyst L. Pipes now forecasts that the energy company will post earnings per share of $0.06 for the year, up from their previous estimate of $0.05.
SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.26. The company had revenue of $339.00 million for the quarter, compared to analysts’ expectations of $344.40 million. SunCoke Energy had a net margin of 0.42% and a return on equity of 4.60%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/31/suncoke-energy-inc-to-post-fy2018-earnings-of-0-06-per-share-fbr-co-forecasts-sxc.html.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, July 19th. BidaskClub upgraded shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, TheStreet downgraded shares of SunCoke Energy from a “c-” rating to a “d+” rating in a research note on Friday, August 4th.
Shares of SunCoke Energy (NYSE SXC) traded down 0.27% during mid-day trading on Tuesday, hitting $11.15. 320,626 shares of the company’s stock were exchanged. SunCoke Energy has a 52 week low of $7.66 and a 52 week high of $13.14. The firm has a 50 day moving average price of $9.46 and a 200-day moving average price of $9.39. The company’s market capitalization is $717.27 million.
In related news, Director James E. Sweetnam sold 11,715 shares of SunCoke Energy stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $9.09, for a total value of $106,489.35. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $181,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Sweetnam sold 20,000 shares of SunCoke Energy stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $8.76, for a total value of $175,200.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $87,600. The disclosure for this sale can be found here. 3.85% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of SunCoke Energy by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,449,617 shares of the energy company’s stock valued at $48,829,000 after buying an additional 437,458 shares during the last quarter. Vanguard Group Inc. raised its holdings in SunCoke Energy by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,936,265 shares of the energy company’s stock worth $53,804,000 after purchasing an additional 82,674 shares during the last quarter. Boston Partners raised its holdings in SunCoke Energy by 30.0% during the 2nd quarter. Boston Partners now owns 3,901,699 shares of the energy company’s stock worth $42,528,000 after purchasing an additional 900,669 shares during the last quarter. State Street Corp raised its holdings in SunCoke Energy by 16.9% during the 1st quarter. State Street Corp now owns 3,062,681 shares of the energy company’s stock worth $27,445,000 after purchasing an additional 443,774 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in SunCoke Energy by 32.0% during the 1st quarter. AQR Capital Management LLC now owns 1,007,207 shares of the energy company’s stock worth $9,025,000 after purchasing an additional 244,090 shares during the last quarter. 90.26% of the stock is owned by institutional investors and hedge funds.
About SunCoke Energy
SunCoke Energy, Inc is a producer of coke in the Americas. The Company’s segments include Domestic Coke, Brazil Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell Coke Company, L.P. (Jewell), Indiana Harbor Coke Company (Indiana Harbor), Haverhill Coke Company LLC (Haverhill), Gateway Energy and Coke Company, LLC (Granite City) and Middletown Coke Company, LLC (Middletown) cokemaking and heat recovery operations.
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