SunCoke Energy (NYSE:SXC) Issues Earnings Results

SunCoke Energy (NYSE:SXC) released its earnings results on Thursday. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13, Briefing.com reports. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The firm had revenue of $490.10 million during the quarter, compared to analyst estimates of $412.70 million. During the same period last year, the business posted $0.08 earnings per share. SunCoke Energy’s revenue was down 5.8% compared to the same quarter last year.

SunCoke Energy Stock Down 4.7 %

Shares of NYSE SXC traded down $0.48 during midday trading on Friday, hitting $9.83. 1,900,029 shares of the company’s stock were exchanged, compared to its average volume of 838,329. The firm’s fifty day simple moving average is $8.51 and its 200-day simple moving average is $9.52. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.22 and a quick ratio of 1.19. The company has a market cap of $826.62 million, a PE ratio of 9.83 and a beta of 1.04. SunCoke Energy has a twelve month low of $7.47 and a twelve month high of $11.85.

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 4.88%. SunCoke Energy’s dividend payout ratio is currently 48.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

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.