Wall Street brokerages forecast that SunCoke Energy Inc (NYSE:SXC) will post earnings per share of $0.02 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for SunCoke Energy’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.00. SunCoke Energy reported earnings per share of $0.18 in the same quarter last year, which would indicate a negative year over year growth rate of 88.9%. The company is expected to announce its next quarterly earnings report on Thursday, October 25th.

According to Zacks, analysts expect that SunCoke Energy will report full-year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.24 to $0.33. For the next year, analysts expect that the business will post earnings of $0.36 per share, with EPS estimates ranging from $0.29 to $0.43. Zacks’ earnings per share averages are an average based on a survey of research firms that follow SunCoke Energy.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, July 26th. The energy company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. SunCoke Energy had a net margin of 11.19% and a return on equity of 5.36%. The business had revenue of $367.00 million during the quarter, compared to analyst estimates of $313.95 million. During the same quarter in the previous year, the business posted ($0.38) EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year.

Separately, Zacks Investment Research downgraded shares of SunCoke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. SunCoke Energy has a consensus rating of “Buy” and an average target price of $14.00.

Shares of NYSE SXC traded up $0.10 during trading hours on Thursday, hitting $11.74. 5,413 shares of the stock were exchanged, compared to its average volume of 297,260. The company has a quick ratio of 1.25, a current ratio of 1.86 and a debt-to-equity ratio of 1.28. The firm has a market cap of $750.85 million, a PE ratio of 41.86 and a beta of 0.98. SunCoke Energy has a 12 month low of $8.42 and a 12 month high of $14.32.

A number of large investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC boosted its holdings in shares of SunCoke Energy by 45.8% in the 1st quarter. Nuveen Asset Management LLC now owns 3,975,174 shares of the energy company’s stock valued at $42,773,000 after acquiring an additional 1,249,427 shares during the last quarter. Nokomis Capital L.L.C. purchased a new stake in shares of SunCoke Energy in the 1st quarter valued at $8,728,000. BlackRock Inc. boosted its holdings in shares of SunCoke Energy by 8.3% in the 2nd quarter. BlackRock Inc. now owns 9,215,417 shares of the energy company’s stock valued at $123,487,000 after acquiring an additional 706,312 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of SunCoke Energy by 18.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,098,600 shares of the energy company’s stock valued at $54,921,000 after acquiring an additional 635,200 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of SunCoke Energy by 203.0% in the 2nd quarter. Acadian Asset Management LLC now owns 404,181 shares of the energy company’s stock valued at $5,417,000 after acquiring an additional 270,776 shares during the last quarter. 89.18% of the stock is currently 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.

Featured Article: Should I invest in “strong buy” stocks?

Get a free copy of the Zacks research report on SunCoke Energy (SXC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for SunCoke Energy (NYSE:SXC)

Receive News & Ratings for SunCoke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy and related companies with MarketBeat.com's FREE daily email newsletter.