SunCoke Energy (SXC) Posts Earnings Results, Misses Estimates By $0.02 EPS

SunCoke Energy (NYSE:SXC) released its quarterly earnings data on Wednesday. The energy company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02), Morningstar.com reports. The business had revenue of $359.60 million for the quarter. SunCoke Energy had a return on equity of 4.60% and a net margin of 0.42%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share.

SunCoke Energy (NYSE SXC) opened at $11.92 on Wednesday. The company has a market cap of $786.43, a PE ratio of 149.02 and a beta of 1.30. SunCoke Energy has a 1-year low of $7.66 and a 1-year high of $13.43. The company has a current ratio of 1.58, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69.

A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of SunCoke Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. B. Riley reaffirmed a “buy” rating on shares of SunCoke Energy in a report on Wednesday, November 1st.

In other news, insider Phillip Michael Hardesty sold 4,444 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $11.37, for a total transaction of $50,528.28. Following the completion of the transaction, the insider now directly owns 70,161 shares of the company’s stock, valued at approximately $797,730.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.85% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new position in SunCoke Energy during the 3rd quarter valued at about $124,000. Quantbot Technologies LP bought a new position in SunCoke Energy during the 3rd quarter valued at about $142,000. Piedmont Investment Advisors LLC bought a new position in SunCoke Energy during the 2nd quarter valued at about $152,000. Crossmark Global Holdings Inc. bought a new position in SunCoke Energy during the 3rd quarter valued at about $155,000. Finally, Virtu KCG Holdings LLC bought a new position in SunCoke Energy during the 2nd quarter valued at about $198,000. 91.07% of the stock is owned by hedge funds and other institutional investors.

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SunCoke Energy Company Profile

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.

Earnings History for SunCoke Energy (NYSE:SXC)

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