SunCoke Energy Inc. (NYSE:SXC) will post its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect SunCoke Energy to post earnings of ($0.09) per share and revenue of $285.90 million for the quarter.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. The business earned $292.70 million during the quarter, compared to analyst estimates of $286.20 million. SunCoke Energy had a positive return on equity of 0.95% and a negative net margin of 1.02%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) EPS. On average, analysts expect SunCoke Energy to post $0.06 EPS for the current fiscal year and $0.22 EPS for the next fiscal year.
SunCoke Energy Inc. (NYSE:SXC) opened at 7.45 on Tuesday. The firm’s market cap is $478.13 million. SunCoke Energy Inc. has a 12-month low of $2.05 and a 12-month high of $8.21. The company has a 50-day moving average price of $7.19 and a 200-day moving average price of $6.75.
Separately, Zacks Investment Research lowered SunCoke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd.
In related news, major shareholder Mangrove Partners Fund (Cayman purchased 215,517 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were purchased at an average price of $7.20 per share, with a total value of $1,551,722.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.27% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of SunCoke Energy by 1.5% in the second quarter. Arizona State Retirement System now owns 33,330 shares of the company’s stock worth $194,000 after buying an additional 500 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of SunCoke Energy during the second quarter worth approximately $193,000. AQR Capital Management LLC increased its stake in shares of SunCoke Energy by 49.8% in the second quarter. AQR Capital Management LLC now owns 437,091 shares of the company’s stock worth $2,544,000 after buying an additional 145,308 shares during the last quarter. Paloma Partners Management Co increased its stake in shares of SunCoke Energy by 16.9% in the second quarter. Paloma Partners Management Co now owns 21,832 shares of the company’s stock worth $127,000 after buying an additional 3,157 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of SunCoke Energy by 1,675.2% in the second quarter. Panagora Asset Management Inc. now owns 705,661 shares of the company’s stock worth $4,107,000 after buying an additional 665,910 shares during the last quarter. 84.21% of the stock is currently owned by hedge funds and other institutional investors.
About SunCoke Energy
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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