Analysts forecast that SunCoke Energy Inc (NYSE:SXC) will report sales of $357.85 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for SunCoke Energy’s earnings. The lowest sales estimate is $344.70 million and the highest is $371.00 million. SunCoke Energy reported sales of $350.50 million in the same quarter last year, which indicates a positive year over year growth rate of 2.1%. The company is scheduled to announce its next quarterly earnings report on Thursday, April 25th.
On average, analysts expect that SunCoke Energy will report full-year sales of $1.42 billion for the current financial year, with estimates ranging from $1.33 billion to $1.51 billion. For the next fiscal year, analysts expect that the company will report sales of $1.39 billion, with estimates ranging from $1.26 billion to $1.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for SunCoke Energy.
SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Tuesday, February 5th. The energy company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). The firm had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $339.45 million. SunCoke Energy had a net margin of 1.81% and a return on equity of 3.89%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS.
A number of brokerages have recently commented on SXC. Zacks Investment Research downgraded SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine downgraded SunCoke Energy from a “hold” rating to a “sell” rating in a research note on Friday, March 1st.
SunCoke Energy stock traded down $0.08 during trading hours on Friday, hitting $8.64. 6,262 shares of the stock traded hands, compared to its average volume of 556,874. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.31 and a current ratio of 1.96. The company has a market cap of $567.02 million, a PE ratio of 21.60 and a beta of 1.05. SunCoke Energy has a 1 year low of $7.63 and a 1 year high of $14.32.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in SunCoke Energy by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 821,673 shares of the energy company’s stock valued at $9,548,000 after buying an additional 26,926 shares during the last quarter. BlackRock Inc. raised its stake in SunCoke Energy by 2.9% during the third quarter. BlackRock Inc. now owns 9,481,393 shares of the energy company’s stock worth $110,173,000 after acquiring an additional 265,976 shares during the period. Dimensional Fund Advisors LP raised its stake in SunCoke Energy by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 5,448,180 shares of the energy company’s stock worth $63,308,000 after acquiring an additional 42,701 shares during the period. GSA Capital Partners LLP acquired a new stake in SunCoke Energy during the third quarter worth about $630,000. Finally, Tower Research Capital LLC TRC raised its stake in SunCoke Energy by 933.2% during the third quarter. Tower Research Capital LLC TRC now owns 8,586 shares of the energy company’s stock worth $100,000 after acquiring an additional 7,755 shares during the period. 89.33% of the stock is owned by institutional investors.
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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