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

SunCoke Energy (NYSE:SXC) issued its quarterly earnings data on Wednesday. The energy company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01, Briefing.com reports. The business had revenue of $488.40 million for the quarter, compared to the consensus estimate of $549.40 million. SunCoke Energy had a return on equity of 8.99% and a net margin of 2.79%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS.

SunCoke Energy Trading Up 2.8 %

Shares of SunCoke Energy stock traded up $0.28 during trading on Thursday, hitting $10.13. The company’s stock had a trading volume of 692,622 shares, compared to its average volume of 824,377. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.86 and a quick ratio of 1.05. SunCoke Energy has a 52 week low of $6.71 and a 52 week high of $11.48. The stock has a market cap of $851.63 million, a price-to-earnings ratio of 15.16 and a beta of 1.19. The stock has a 50-day moving average price of $10.84 and a two-hundred day moving average price of $10.30.

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.40 annualized dividend and a dividend yield of 3.95%. SunCoke Energy’s dividend payout ratio is 59.70%.

Insider Buying and Selling at SunCoke Energy

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SXC shares. StockNews.com upgraded SunCoke Energy from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th. Benchmark reiterated a “buy” rating and issued a $12.00 price target on shares of SunCoke Energy in a research report on Thursday.

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.