FY2017 EPS Estimates for SunCoke Energy, Inc. Increased by FBR & Co (SXC)
SunCoke Energy, Inc. (NYSE:SXC) – Investment analysts at FBR & Co lifted their FY2017 EPS estimates for shares of SunCoke Energy in a note issued to investors on Monday. FBR & Co analyst L. Pipes now anticipates that the energy company will earn ($0.16) per share for the year, up from their prior estimate of ($0.34). FBR & Co also issued estimates for SunCoke Energy’s Q4 2017 earnings at $0.02 EPS.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, October 26th. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.26. The firm had revenue of $339.00 million during the quarter, compared to analyst estimates of $344.40 million. SunCoke Energy had a return on equity of 4.60% and a net margin of 0.42%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS.
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Several other research firms have also recently weighed in on SXC. Zacks Investment Research upgraded shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. BidaskClub raised shares of SunCoke Energy from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, TheStreet lowered shares of SunCoke Energy from a “c-” rating to a “d+” rating in a report on Friday, August 4th.
SunCoke Energy (NYSE SXC) opened at 11.09 on Wednesday. The company’s market capitalization is $713.41 million. SunCoke Energy has a 52 week low of $7.66 and a 52 week high of $13.14. The firm’s 50-day moving average price is $9.53 and its 200-day moving average price is $9.40.
In other news, Director James E. Sweetnam sold 11,715 shares of the business’s stock in a transaction on Friday, September 8th. The shares were 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 owns 20,000 shares of the company’s stock, valued at approximately $181,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Sweetnam sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $8.76, for a total transaction 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 approximately $87,600. The disclosure for this sale can be found here. 3.85% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC acquired a new position in SunCoke Energy in the 2nd quarter worth $831,000. Advisor Partners LLC boosted its stake in SunCoke Energy by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 11,765 shares of the energy company’s stock worth $128,000 after purchasing an additional 41 shares during the period. State of Alaska Department of Revenue boosted its stake in SunCoke Energy by 78.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,693 shares of the energy company’s stock worth $138,000 after purchasing an additional 5,583 shares during the period. Fox Run Management L.L.C. acquired a new position in SunCoke Energy in the 3rd quarter worth $124,000. Finally, Piedmont Investment Advisors LLC acquired a new position in SunCoke Energy in the 2nd quarter worth $152,000. 90.26% of the stock is owned by institutional investors.
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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