SunCoke Energy Inc (NYSE:SXC) – Equities research analysts at B. Riley issued their Q1 2019 earnings per share estimates for shares of SunCoke Energy in a report released on Wednesday, February 6th. B. Riley analyst L. Pipes anticipates that the energy company will post earnings per share of $0.11 for the quarter. B. Riley has a “Buy” rating and a $14.00 price target on the stock. B. Riley also issued estimates for SunCoke Energy’s Q2 2019 earnings at $0.12 EPS and Q3 2019 earnings at $0.12 EPS.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Tuesday, February 5th. The energy company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). The company had revenue of $224.60 million for the quarter, compared to analyst estimates of $339.45 million. SunCoke Energy had a return on equity of 3.89% and a net margin of 1.81%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS.
Several other research analysts have also weighed in on SXC. Zacks Investment Research raised SunCoke Energy from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Saturday, October 27th. ValuEngine lowered SunCoke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. SunCoke Energy has a consensus rating of “Buy” and a consensus target price of $13.00.
NYSE:SXC opened at $9.93 on Thursday. The company has a market cap of $661.08 million, a price-to-earnings ratio of 24.83 and a beta of 1.10. SunCoke Energy has a twelve month low of $7.63 and a twelve month high of $14.32. The company has a current ratio of 1.96, a quick ratio of 1.13 and a debt-to-equity ratio of 1.22.
Several large investors have recently bought and sold shares of the business. Raymond James & Associates increased its holdings in shares of SunCoke Energy by 19.7% during the 2nd quarter. Raymond James & Associates now owns 62,309 shares of the energy company’s stock worth $835,000 after acquiring an additional 10,276 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of SunCoke Energy by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 794,747 shares of the energy company’s stock worth $10,650,000 after acquiring an additional 28,746 shares during the last quarter. Northern Trust Corp increased its holdings in shares of SunCoke Energy by 3.2% during the 2nd quarter. Northern Trust Corp now owns 767,012 shares of the energy company’s stock worth $10,277,000 after acquiring an additional 23,443 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of SunCoke Energy during the 3rd quarter worth approximately $392,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of SunCoke Energy during the 3rd quarter worth approximately $4,569,000. 87.70% of the stock is currently owned by hedge funds and other institutional investors.
SunCoke Energy Company Profile
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.