FBR & Co Weighs in on SunCoke Energy Inc.’s FY2017 Earnings (SXC)
SunCoke Energy Inc. (NYSE:SXC) – Stock analysts at FBR & Co cut their FY2017 earnings estimates for shares of SunCoke Energy in a report released on Thursday. FBR & Co analyst L. Pipes now forecasts that the firm will post earnings of $0.19 per share for the year, down from their previous forecast of $0.20.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. SunCoke Energy had a negative net margin of 1.02% and a positive return on equity of 0.95%. The company had revenue of $292.70 million for the quarter, compared to analysts’ expectations of $286.20 million. During the same period last year, the business earned ($0.04) earnings per share. The company’s quarterly revenue was down 15.9% compared to the same quarter last year.
Separately, Zacks Investment Research downgraded SunCoke Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday.
Shares of SunCoke Energy (NYSE:SXC) traded up 3.935% during midday trading on Monday, reaching $8.055. 110,470 shares of the company’s stock were exchanged. The stock’s market cap is $516.96 million. The company’s 50-day moving average is $7.22 and its 200-day moving average is $6.76. SunCoke Energy has a one year low of $2.05 and a one year high of $8.21.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of SunCoke Energy during the first quarter valued at $103,000. Prudential Financial Inc. increased its position 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 last quarter. JPMorgan Chase & Co. increased its position 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 last quarter. Advisor Partners LLC increased its position 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 last quarter. Finally, Menta Capital LLC increased its position 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 last quarter. 84.21% of the stock is owned by institutional investors and hedge funds.
In other SunCoke Energy news, major shareholder Mangrove Partners Fund (Cayman bought 291,478 shares of SunCoke Energy stock in a transaction dated Thursday, July 28th. The stock was acquired at an average cost of $6.98 per share, with a total value of $2,034,516.44. The acquisition was disclosed in a filing with the SEC, which is available 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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