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

SunCoke Energy (NYSE:SXC) posted its earnings results on Wednesday. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01, Briefing.com reports. The company had revenue of $488.40 million for the quarter, compared to analyst estimates of $549.40 million. SunCoke Energy had a return on equity of 9.48% and a net margin of 2.97%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share.

SunCoke Energy Price Performance

NYSE SXC opened at $10.31 on Friday. The company has a market cap of $866.81 million, a price-to-earnings ratio of 14.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.06 and a quick ratio of 1.05. The stock’s fifty day moving average price is $10.81 and its 200 day moving average price is $10.30. SunCoke Energy has a 1 year low of $6.71 and a 1 year high of $11.48.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Tuesday, May 14th. SunCoke Energy’s dividend payout ratio (DPR) is presently 56.34%.

Insiders Place Their Bets

In related news, CEO Michael G. Rippey sold 122,533 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $11.11, for a total value of $1,361,341.63. Following the sale, the chief executive officer now owns 521,073 shares in the company, valued at $5,789,121.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other SunCoke Energy news, CEO Michael G. Rippey sold 78,714 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $11.06, for a total value of $870,576.84. Following the sale, the chief executive officer now directly owns 342,359 shares of the company’s stock, valued at $3,786,490.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael G. Rippey sold 122,533 shares of SunCoke Energy stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $11.11, for a total value of $1,361,341.63. Following the transaction, the chief executive officer now owns 521,073 shares of the company’s stock, valued at approximately $5,789,121.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 251,572 shares of company stock valued at $2,781,834. 1.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on SXC shares. Benchmark reiterated a “buy” rating and set a $12.00 price objective on shares of SunCoke Energy in a report on Thursday. StockNews.com downgraded SunCoke Energy from a “strong-buy” rating to a “buy” rating in a report on Friday.

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.