$212.86 Million in Sales Expected for SunCoke Energy Partners, L.P. (SXCP) This Quarter

Wall Street analysts expect that SunCoke Energy Partners, L.P. (NYSE:SXCP) will report sales of $212.86 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for SunCoke Energy Partners, L.P.’s earnings, with the highest sales estimate coming in at $231.90 million and the lowest estimate coming in at $193.82 million. SunCoke Energy Partners, L.P. reported sales of $185.50 million in the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 26th.

According to Zacks, analysts expect that SunCoke Energy Partners, L.P. will report full year sales of $212.86 million for the current year, with estimates ranging from $843.61 million to $888.80 million. For the next financial year, analysts expect that the business will post sales of $865.90 million per share, with estimates ranging from $848.80 million to $883.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow SunCoke Energy Partners, L.P..

SunCoke Energy Partners, L.P. (NYSE:SXCP) last issued its quarterly earnings results on Thursday, July 27th. The energy company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.08). The firm had revenue of $200.60 million during the quarter, compared to analysts’ expectations of $212.25 million. SunCoke Energy Partners, L.P. had a negative net margin of 9.52% and a positive return on equity of 14.02%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS.

Several research analysts recently weighed in on SXCP shares. ValuEngine raised shares of SunCoke Energy Partners, L.P. from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, BidaskClub raised shares of SunCoke Energy Partners, L.P. from a “hold” rating to a “buy” rating in a research note on Thursday, October 12th.

In related news, major shareholder Sun Coal & Coke Llc purchased 35,838 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $16.70 per share, with a total value of $598,494.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 578,215 shares of company stock worth $9,919,223 in the last three months.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu KCG Holdings LLC bought a new position in SunCoke Energy Partners, L.P. in the second quarter valued at approximately $180,000. Advisor Group Inc. lifted its stake in SunCoke Energy Partners, L.P. by 8.0% in the second quarter. Advisor Group Inc. now owns 34,946 shares of the energy company’s stock valued at $613,000 after buying an additional 2,595 shares in the last quarter. Citigroup Inc. lifted its stake in SunCoke Energy Partners, L.P. by 29.6% in the second quarter. Citigroup Inc. now owns 30,398 shares of the energy company’s stock valued at $534,000 after buying an additional 6,938 shares in the last quarter. GSA Capital Partners LLP lifted its stake in SunCoke Energy Partners, L.P. by 11.6% in the second quarter. GSA Capital Partners LLP now owns 116,938 shares of the energy company’s stock valued at $2,052,000 after buying an additional 12,138 shares in the last quarter. Finally, Arrow Investment Advisors LLC lifted its stake in SunCoke Energy Partners, L.P. by 0.3% in the second quarter. Arrow Investment Advisors LLC now owns 46,751 shares of the energy company’s stock valued at $820,000 after buying an additional 161 shares in the last quarter. 15.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SunCoke Energy Partners, L.P. (SXCP) remained flat at $17.80 during midday trading on Thursday. 30,908 shares of the company traded hands. SunCoke Energy Partners, L.P. has a 12 month low of $13.50 and a 12 month high of $21.95. The company’s 50-day moving average is $17.16 and its 200-day moving average is $17.12. The company’s market capitalization is $822.77 million.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.594 per share. This represents a $2.38 annualized dividend and a yield of 13.35%. The ex-dividend date is Tuesday, November 14th. SunCoke Energy Partners, L.P.’s payout ratio is -127.27%.

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SunCoke Energy Partners, L.P. 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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