SunCoke Energy (NYSE:SXC) Releases Earnings Results, Beats Estimates By $0.03 EPS

SunCoke Energy (NYSE:SXC) issued its quarterly earnings results on Wednesday. The energy company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03, Briefing.com reports. The company had revenue of $470.90 million for the quarter, compared to analyst estimates of $410.35 million. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share.

SunCoke Energy Trading Down 5.3 %

Shares of NYSE:SXC traded down $0.55 during midday trading on Friday, reaching $9.82. The company had a trading volume of 1,522,931 shares, compared to its average volume of 581,476. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.16 and a current ratio of 2.22. SunCoke Energy has a 1-year low of $8.07 and a 1-year high of $11.85. The firm has a market cap of $825.76 million, a price-to-earnings ratio of 13.83 and a beta of 1.09. The company has a fifty day simple moving average of $10.19 and a two-hundred day simple moving average of $10.55.

SunCoke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a $0.12 dividend. This is a positive change from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.89%. SunCoke Energy’s dividend payout ratio (DPR) is 56.34%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SXC. Benchmark reaffirmed a “buy” rating and set a $12.00 target price on shares of SunCoke Energy in a report on Thursday, May 2nd. StockNews.com lowered SunCoke Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 4th.

Insider Activity at SunCoke Energy

In related news, CTO John F. Quanci sold 4,532 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $10.67, for a total value of $48,356.44. Following the completion of the transaction, the chief technology officer now owns 19,922 shares in the company, valued at approximately $212,567.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is currently owned by corporate insiders.

About SunCoke Energy

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. 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.