Wall Street analysts forecast that SunCoke Energy Partners LP (NYSE:SXCP) will report $0.32 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for SunCoke Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.41. SunCoke Energy Partners reported earnings per share of $0.13 in the same quarter last year, which indicates a positive year over year growth rate of 146.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, July 26th.
According to Zacks, analysts expect that SunCoke Energy Partners will report full year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.67. For the next fiscal year, analysts expect that the company will report earnings of $1.85 per share, with EPS estimates ranging from $1.70 to $2.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for SunCoke Energy Partners.
SunCoke Energy Partners (NYSE:SXCP) last released its earnings results on Thursday, April 26th. The energy company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.05). SunCoke Energy Partners had a return on equity of 12.90% and a net margin of 14.13%. The firm had revenue of $214.80 million during the quarter, compared to analysts’ expectations of $205.57 million.
A number of analysts have issued reports on the company. B. Riley decreased their target price on SunCoke Energy Partners from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, April 30th. ValuEngine cut SunCoke Energy Partners from a “sell” rating to a “strong sell” rating in a research report on Monday, May 7th. Finally, Seaport Global Securities initiated coverage on SunCoke Energy Partners in a research report on Tuesday, April 3rd. They issued a “buy” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. SunCoke Energy Partners currently has a consensus rating of “Hold” and an average price target of $21.67.
In other SunCoke Energy Partners news, major shareholder Sun Coal & Coke Llc bought 12,577 shares of SunCoke Energy Partners stock in a transaction that occurred on Friday, March 23rd. The stock was acquired at an average cost of $17.93 per share, for a total transaction of $225,505.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Phillip Michael Hardesty bought 2,500 shares of SunCoke Energy Partners stock in a transaction that occurred on Wednesday, May 9th. The shares were acquired at an average price of $15.65 per share, with a total value of $39,125.00. Following the completion of the transaction, the insider now owns 4,931 shares of the company’s stock, valued at $77,170.15. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 92,754 shares of company stock valued at $1,655,902.
Institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc purchased a new position in SunCoke Energy Partners during the first quarter worth about $182,000. OMERS ADMINISTRATION Corp lifted its stake in SunCoke Energy Partners by 25.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 49,500 shares of the energy company’s stock worth $881,000 after purchasing an additional 9,900 shares during the last quarter. Geode Capital Management LLC bought a new stake in SunCoke Energy Partners during the fourth quarter worth about $994,000. First Republic Investment Management Inc. bought a new stake in SunCoke Energy Partners during the first quarter worth about $1,465,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in SunCoke Energy Partners by 10.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 120,530 shares of the energy company’s stock worth $2,103,000 after purchasing an additional 11,300 shares during the last quarter. Institutional investors and hedge funds own 8.53% of the company’s stock.
NYSE:SXCP opened at $15.55 on Monday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 0.83. SunCoke Energy Partners has a 1 year low of $14.75 and a 1 year high of $21.95. The firm has a market capitalization of $716.52 million, a price-to-earnings ratio of 9.42 and a beta of 1.41.
The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.29%. The ex-dividend date was Monday, May 14th. SunCoke Energy Partners’s dividend payout ratio (DPR) is presently 96.97%.
SunCoke Energy Partners Company Profile
SunCoke Energy Partners, L.P., a master limited partnership, produces and sells coke used in the blast furnace production of steel in the United States. It operates through two segments, Domestic Coke and Logistics. The company also provides metallurgical and thermal coal mixing and handling terminal services, as well as operates Convent Marine Terminal, an export terminal in the United States Gulf Coast located in Convent, Louisiana.
Get a free copy of the Zacks research report on SunCoke Energy Partners (SXCP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SunCoke Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.