SunCoke Energy (NYSE:SXC) Releases Earnings Results, Beats Expectations By $0.04 EPS

SunCoke Energy (NYSE:SXCGet Free Report) announced its earnings results on Thursday. The energy company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04, Zacks reports. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%.

SunCoke Energy Stock Performance

Shares of SXC traded down $0.50 on Thursday, reaching $9.47. 388,696 shares of the stock traded hands, compared to its average volume of 822,289. The stock’s 50-day moving average price is $11.14 and its 200-day moving average price is $10.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. The firm has a market cap of $795.91 million, a price-to-earnings ratio of 9.42 and a beta of 1.08. SunCoke Energy has a 12 month low of $7.47 and a 12 month high of $12.82.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.07%. SunCoke Energy’s dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SXC shares. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of SunCoke Energy in a research report on Tuesday, November 5th.

Check Out Our Latest Analysis on SXC

SunCoke Energy Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for SunCoke Energy (NYSE:SXC)

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