SunCoke Energy (NYSE:SXC) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

SunCoke Energy (NYSE:SXC) issued its earnings results on Thursday. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04, Zacks reports. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%.

SunCoke Energy Trading Down 0.5 %

SXC traded down $0.05 on Friday, reaching $9.59. 130,209 shares of the company traded hands, compared to its average volume of 830,876. SunCoke Energy has a one year low of $7.47 and a one year high of $12.82. The company has a market cap of $806.76 million, a P/E ratio of 9.58 and a beta of 1.08. The firm has a fifty day simple moving average of $11.08 and a two-hundred day simple moving average of $10.03. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.00%. SunCoke Energy’s payout ratio is presently 48.00%.

Analyst Upgrades and Downgrades

Several research firms have commented on SXC. Benchmark reaffirmed a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

SunCoke Energy Company Profile

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.