SunCoke Energy (NYSE:SXC) Announces Earnings Results

SunCoke Energy (NYSE:SXC) released its earnings results on Thursday. The energy company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14, Briefing.com reports. The business had revenue of $490.10 million for the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The business’s revenue was down 5.8% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS.

SunCoke Energy Trading Down 4.8 %

SXC opened at $9.82 on Monday. SunCoke Energy has a one year low of $7.47 and a one year high of $11.85. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.19 and a current ratio of 2.22. The stock has a market capitalization of $825.76 million, a PE ratio of 9.82 and a beta of 1.02. The business’s 50 day moving average price is $8.51 and its 200 day moving average price is $9.51.

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.89%. SunCoke Energy’s dividend payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.