Q4 2016 Earnings Forecast for SunCoke Energy Inc. (SXC) Issued By FBR & Co
SunCoke Energy Inc. (NYSE:SXC) – Research analysts at FBR & Co raised their Q4 2016 earnings per share estimates for SunCoke Energy in a research report issued to clients and investors on Thursday. FBR & Co analyst L. Pipes now expects that the firm will earn $0.32 per share for the quarter, up from their prior forecast of $0.27. FBR & Co also issued estimates for SunCoke Energy’s FY2018 earnings at $0.22 EPS.
SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. SunCoke Energy had a positive return on equity of 0.95% and a negative net margin of 1.02%. The firm had revenue of $292.70 million for the quarter, compared to analyst estimates of $286.20 million. During the same period in the prior year, the firm posted ($0.04) EPS. The business’s revenue was down 15.9% compared to the same quarter last year.
Separately, Zacks Investment Research lowered SunCoke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.50.
Shares of SunCoke Energy (NYSE:SXC) traded down 0.14% during mid-day trading on Friday, reaching $7.32. The company’s stock had a trading volume of 193,039 shares. SunCoke Energy has a 52 week low of $2.05 and a 52 week high of $8.21. The stock’s market capitalization is $469.79 million. The company’s 50-day moving average is $7.14 and its 200-day moving average is $6.72.
Several large investors have recently made changes to their positions in SXC. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of SunCoke Energy during the first quarter valued at $103,000. Prudential Financial Inc. increased its stake in shares of SunCoke Energy by 2.5% in the first quarter. Prudential Financial Inc. now owns 152,910 shares of the company’s stock valued at $994,000 after buying an additional 3,800 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SunCoke Energy by 8.5% in the first quarter. JPMorgan Chase & Co. now owns 141,461 shares of the company’s stock valued at $919,000 after buying an additional 11,140 shares during the period. Advisor Partners LLC increased its stake in shares of SunCoke Energy by 44.5% in the first quarter. Advisor Partners LLC now owns 19,277 shares of the company’s stock valued at $125,000 after buying an additional 5,937 shares during the period. Finally, Menta Capital LLC increased its stake in shares of SunCoke Energy by 40.0% in the first quarter. Menta Capital LLC now owns 95,334 shares of the company’s stock valued at $620,000 after buying an additional 27,254 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.
In other SunCoke Energy news, major shareholder Mangrove Partners Fund (Cayman bought 291,478 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was acquired at an average price of $6.98 per share, for a total transaction of $2,034,516.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.27% of the company’s stock.
SunCoke Energy Company Profile
SunCoke Energy, Inc is an independent producer of coke in the Americas. The Company also provides coal handling and/or mixing services at its Coal Logistics terminals. The Company’s segments include Domestic Coke, Brazil Coke, India Coke, Coal Logistics, and Corporate and Other. The Domestic Coke segment consists of its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois, and Middletown, Ohio, respectively.
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