Equities analysts expect SunCoke Energy Partners LP (NYSE:SXCP) to report $0.33 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for SunCoke Energy Partners’ earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.22. SunCoke Energy Partners posted earnings per share of ($0.81) during the same quarter last year, which would indicate a positive year-over-year growth rate of 140.7%. The business is expected to announce its next earnings results on Wednesday, January 30th.
According to Zacks, analysts expect that SunCoke Energy Partners will report full year earnings of $1.31 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.39. For the next financial year, analysts forecast that the business will post earnings of $1.68 per share, with EPS estimates ranging from $0.98 to $2.07. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover SunCoke Energy Partners.
SunCoke Energy Partners (NYSE:SXCP) last posted its quarterly earnings data on Thursday, October 25th. The energy company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). SunCoke Energy Partners had a return on equity of 13.19% and a net margin of 16.37%. The company had revenue of $224.10 million for the quarter, compared to analyst estimates of $221.28 million.
A number of equities analysts have recently issued reports on SXCP shares. ValuEngine raised SunCoke Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Zacks Investment Research raised SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, October 18th. Finally, B. Riley reissued a “buy” rating and set a $20.00 target price on shares of SunCoke Energy Partners in a research note on Friday, November 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. SunCoke Energy Partners currently has an average rating of “Hold” and an average target price of $19.50.
SunCoke Energy Partners stock traded down $0.08 during mid-day trading on Monday, reaching $12.01. 71,694 shares of the company were exchanged, compared to its average volume of 127,713. SunCoke Energy Partners has a twelve month low of $11.84 and a twelve month high of $21.95. The company has a current ratio of 1.31, a quick ratio of 0.65 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $558.88 million, a price-to-earnings ratio of 7.28 and a beta of 1.30.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.32%. The ex-dividend date was Wednesday, November 14th. SunCoke Energy Partners’s dividend payout ratio (DPR) is 96.97%.
Several hedge funds have recently modified their holdings of the company. Blair William & Co. IL purchased a new position in shares of SunCoke Energy Partners during the 3rd quarter worth approximately $198,000. Arrow Investment Advisors LLC raised its stake in shares of SunCoke Energy Partners by 22.6% during the 3rd quarter. Arrow Investment Advisors LLC now owns 32,364 shares of the energy company’s stock worth $494,000 after buying an additional 5,976 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of SunCoke Energy Partners by 45.4% during the 3rd quarter. Acadian Asset Management LLC now owns 162,167 shares of the energy company’s stock worth $2,473,000 after buying an additional 50,598 shares in the last quarter. NEXT Financial Group Inc purchased a new position in shares of SunCoke Energy Partners during the 3rd quarter worth approximately $137,000. Finally, Van ECK Associates Corp raised its stake in shares of 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 worth $2,327,000 after buying an additional 15,217 shares in the last quarter. 8.10% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: What is a capital gain?
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.