Analysts forecast that SunCoke Energy Inc (NYSE:SXC) will announce sales of $345.35 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for SunCoke Energy’s earnings, with the lowest sales estimate coming in at $322.30 million and the highest estimate coming in at $368.40 million. SunCoke Energy reported sales of $359.60 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4%. The business is expected to announce its next quarterly earnings report on Wednesday, January 30th.
According to Zacks, analysts expect that SunCoke Energy will report full year sales of $1.42 billion for the current fiscal year, with estimates ranging from $1.40 billion to $1.44 billion. For the next year, analysts anticipate that the firm will post sales of $1.42 billion, with estimates ranging from $1.33 billion to $1.51 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow SunCoke Energy.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, October 25th. The energy company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.17. SunCoke Energy had a return on equity of 5.00% and a net margin of 10.99%. The company had revenue of $364.50 million during the quarter, compared to analysts’ expectations of $330.25 million.
Separately, Zacks Investment Research upgraded SunCoke Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $13.00.
Several institutional investors have recently added to or reduced their stakes in SXC. BlackRock Inc. raised its stake in shares of SunCoke Energy by 8.3% during the second quarter. BlackRock Inc. now owns 9,215,417 shares of the energy company’s stock worth $123,487,000 after purchasing an additional 706,312 shares during the last quarter. Renaissance Technologies LLC grew its holdings in SunCoke Energy by 18.3% during the second quarter. Renaissance Technologies LLC now owns 4,098,600 shares of the energy company’s stock worth $54,921,000 after acquiring an additional 635,200 shares during the period. Assenagon Asset Management S.A. acquired a new position in SunCoke Energy during the third quarter worth $4,569,000. Acadian Asset Management LLC grew its holdings in SunCoke Energy by 76.9% during the third quarter. Acadian Asset Management LLC now owns 715,081 shares of the energy company’s stock worth $8,312,000 after acquiring an additional 310,900 shares during the period. Finally, Boston Partners grew its holdings in SunCoke Energy by 3.6% during the second quarter. Boston Partners now owns 4,557,920 shares of the energy company’s stock worth $61,076,000 after acquiring an additional 160,085 shares during the period. Institutional investors and hedge funds own 89.64% of the company’s stock.
NYSE SXC traded up $0.12 on Friday, reaching $11.66. The stock had a trading volume of 296,657 shares, compared to its average volume of 466,850. The company has a current ratio of 1.65, a quick ratio of 1.13 and a debt-to-equity ratio of 1.22. SunCoke Energy has a 12-month low of $9.38 and a 12-month high of $14.32. The stock has a market cap of $734.90 million, a P/E ratio of 41.64 and a beta of 0.80.
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.
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