SunCoke Energy (NYSE:SXC) Posts Earnings Results, Beats Expectations By $0.01 EPS

SunCoke Energy (NYSE:SXC) released its quarterly earnings results on Wednesday. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01, Briefing.com reports. The business had revenue of $488.40 million for the quarter, compared to analyst estimates of $549.40 million. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share.

SunCoke Energy Trading Up 2.8 %

Shares of NYSE:SXC traded up $0.28 during trading on Thursday, hitting $10.13. 692,622 shares of the company’s stock were exchanged, compared to its average volume of 824,377. SunCoke Energy has a 1-year low of $6.71 and a 1-year high of $11.48. The firm has a 50-day moving average price of $10.84 and a two-hundred day moving average price of $10.30. The company has a current ratio of 1.86, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The firm has a market cap of $851.63 million, a P/E ratio of 15.16 and a beta of 1.19.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Tuesday, May 14th. SunCoke Energy’s dividend payout ratio (DPR) is presently 59.70%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SXC shares. Benchmark reaffirmed a “buy” rating and set a $12.00 price objective on shares of SunCoke Energy in a report on Thursday. StockNews.com raised shares of SunCoke Energy from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th.

Insider Buying and Selling at SunCoke Energy

In other SunCoke Energy news, CEO Michael G. Rippey sold 48,618 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $10.93, for a total transaction of $531,394.74. Following the sale, the chief executive officer now directly owns 763,409 shares of the company’s stock, valued at $8,344,060.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Michael G. Rippey sold 48,618 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.93, for a total value of $531,394.74. Following the transaction, the chief executive officer now directly owns 763,409 shares in the company, valued at $8,344,060.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael G. Rippey sold 78,714 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total transaction of $870,576.84. Following the completion of the transaction, the chief executive officer now directly owns 342,359 shares of the company’s stock, valued at approximately $3,786,490.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,572 shares of company stock valued at $2,781,834. 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.