Wall Street brokerages expect SunCoke Energy Partners, L.P. (NYSE:SXCP) to post sales of $251.15 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SunCoke Energy Partners’ earnings. The lowest sales estimate is $236.90 million and the highest is $265.40 million. SunCoke Energy Partners posted sales of $218.30 million in the same quarter last year, which would indicate a positive year over year growth rate of 15%. The firm is expected to announce its next quarterly earnings results on Thursday, January 25th.
On average, analysts expect that SunCoke Energy Partners will report full year sales of $251.15 million for the current financial year, with estimates ranging from $847.10 million to $875.60 million. For the next fiscal year, analysts forecast that the company will post sales of $889.98 million per share, with estimates ranging from $883.16 million to $896.80 million. Zacks’ sales averages are an average based on a survey of analysts that follow SunCoke Energy Partners.
SunCoke Energy Partners (NYSE:SXCP) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.22. The company had revenue of $214.00 million during the quarter, compared to the consensus estimate of $212.95 million. SunCoke Energy Partners had a positive return on equity of 15.35% and a negative net margin of 9.04%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS.
In other SunCoke Energy Partners news, major shareholder Sun Coal & Coke Llc purchased 39,869 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was acquired at an average cost of $17.10 per share, for a total transaction of $681,759.90. Following the purchase, the insider now directly owns 28,117,373 shares of the company’s stock, valued at approximately $480,807,078.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 873,086 shares of company stock valued at $15,126,192 over the last 90 days.
Several hedge funds and other institutional investors have recently bought and sold shares of SXCP. Eaton Vance Management bought a new position in shares of SunCoke Energy Partners during the 2nd quarter valued at approximately $2,982,000. Marshall Wace North America L.P. purchased a new stake in SunCoke Energy Partners during the 2nd quarter valued at $910,000. Quinn Opportunity Partners LLC purchased a new stake in SunCoke Energy Partners during the 2nd quarter valued at $381,000. Jane Street Group LLC purchased a new stake in SunCoke Energy Partners during the 3rd quarter valued at $280,000. Finally, Russell Investments Group Ltd. purchased a new stake in SunCoke Energy Partners during the 3rd quarter valued at $263,000. Hedge funds and other institutional investors own 13.30% of the company’s stock.
SunCoke Energy Partners (NYSE SXCP) opened at $17.05 on Thursday. The stock has a market capitalization of $788.14, a P/E ratio of 9.42 and a beta of 1.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.67 and a current ratio of 1.38. SunCoke Energy Partners has a 52 week low of $13.50 and a 52 week high of $20.70.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a $0.594 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.38 annualized dividend and a yield of 13.94%. SunCoke Energy Partners’s payout ratio is -129.35%.
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SunCoke Energy Partners 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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