Wall Street brokerages expect SunCoke Energy Partners LP (NYSE:SXCP) to announce earnings per share (EPS) of $0.41 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for SunCoke Energy Partners’ earnings, with estimates ranging from $0.31 to $0.48. SunCoke Energy Partners reported earnings of $0.45 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.9%. The business is expected to report its next earnings results before the market opens on Thursday, October 25th.
According to Zacks, analysts expect that SunCoke Energy Partners will report full year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.61. For the next financial year, analysts forecast that the firm will post earnings of $1.87 per share, with EPS estimates ranging from $1.64 to $2.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover SunCoke Energy Partners.
SunCoke Energy Partners (NYSE:SXCP) last posted its quarterly earnings results on Thursday, July 26th. The energy company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The company had revenue of $228.60 million for the quarter, compared to the consensus estimate of $208.03 million. SunCoke Energy Partners had a net margin of 17.37% and a return on equity of 14.77%.
SXCP has been the topic of several recent analyst reports. TheStreet raised shares of SunCoke Energy Partners from a “c” rating to a “b-” rating in a research note on Friday, July 13th. JPMorgan Chase & Co. reduced their price target on shares of SunCoke Energy Partners from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, July 27th. ValuEngine raised shares of SunCoke Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Finally, Zacks Investment Research raised shares of SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.75.
SXCP stock opened at $15.13 on Tuesday. The stock has a market capitalization of $704.96 million, a P/E ratio of 9.17 and a beta of 1.37. SunCoke Energy Partners has a 12 month low of $14.70 and a 12 month high of $21.95. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 1.35.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 10.58%. The ex-dividend date is Wednesday, November 14th. SunCoke Energy Partners’s dividend payout ratio is presently 96.97%.
A number of hedge funds have recently bought and sold shares of the stock. NEXT Financial Group Inc purchased a new position in SunCoke Energy Partners in the 3rd quarter worth about $137,000. Van ECK Associates Corp increased its position in SunCoke Energy Partners by 10.9% during the 2nd quarter. Van ECK Associates Corp now owns 155,134 shares of the energy company’s stock valued at $2,327,000 after purchasing an additional 15,217 shares during the period. GSA Capital Partners LLP purchased a new position in SunCoke Energy Partners during the 2nd quarter valued at about $961,000. Acadian Asset Management LLC increased its position in SunCoke Energy Partners by 416.3% during the 2nd quarter. Acadian Asset Management LLC now owns 111,569 shares of the energy company’s stock valued at $1,674,000 after purchasing an additional 89,959 shares during the period. Finally, Guggenheim Capital LLC increased its position in SunCoke Energy Partners by 538.3% during the 1st quarter. Guggenheim Capital LLC now owns 226,117 shares of the energy company’s stock valued at $4,025,000 after purchasing an additional 190,692 shares during the period. 9.61% of the stock is currently owned by institutional investors.
About SunCoke Energy Partners
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.
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