SunCoke Energy (NYSE:SXC) Issues Earnings Results, Beats Estimates By $0.07 EPS

by · The Markets Daily

SunCoke Energy (NYSE:SXC – Get Free Report) posted its quarterly earnings results on Tuesday. The energy company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07, Zacks reports. SunCoke Energy had a negative net margin of 2.88% and a positive return on equity of 6.37%.

SunCoke Energy Stock Down 2.1%

Shares of SunCoke Energy stock opened at $9.80 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 2.25. SunCoke Energy has a 52-week low of $5.51 and a 52-week high of $10.68. The company’s 50 day moving average price is $9.86 and its 200-day moving average price is $8.23. The stock has a market capitalization of $832.03 million, a price-to-earnings ratio of -15.32 and a beta of 1.01.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th were issued a $0.12 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.48 annualized dividend and a dividend yield of 4.9%. SunCoke Energy’s dividend payout ratio (DPR) is currently -75.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen raised SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded SunCoke Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, SunCoke Energy has an average rating of “Hold” and a consensus price target of $9.00.

Read Our Latest Research Report on SunCoke Energy

About SunCoke Energy

(Get Free Report)

SunCoke Energy, Inc (NYSE:SXC) is a producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company converts coal into coke through high-temperature processing and captures the resulting heat to generate energy, which can support its facilities and be sold to customers.

SunCoke operates coke-making facilities and related coal-handling, storage and logistics assets, primarily serving integrated steel producers in the United States. Its operations are designed to provide customers with a consistent supply of coke while also generating electricity and recovering other byproducts from the coke-production process.

The company was separated from Sunoco and became a publicly traded company in 2011.

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