SunCoke Energy (NYSE:SXC) Issues Earnings Results

SunCoke Energy (NYSE:SXC - Get Free Report) released its earnings results on Wednesday. The energy company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01, Briefing.com reports. The business had revenue of $488.40 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 earnings per share.

SunCoke Energy Stock Up 2.8 %

Shares of SXC stock traded up $0.28 during trading hours on Thursday, hitting $10.13. 692,622 shares of the company's stock traded hands, compared to its average volume of 824,377. The stock's fifty day simple moving average is $10.84 and its two-hundred day simple moving average is $10.30. SunCoke Energy has a 12-month low of $6.71 and a 12-month high of $11.48. The stock has a market cap of $851.21 million, a price-to-earnings ratio of 15.11 and a beta of 1.19. The company has a quick ratio of 1.05, a current ratio of 1.86 and a debt-to-equity ratio of 0.76.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.40 annualized dividend and a yield of 3.95%. SunCoke Energy's dividend payout ratio (DPR) is presently 59.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SXC shares. StockNews.com raised SunCoke Energy from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 5th. Benchmark reiterated a "buy" rating and set a $12.00 target price on shares of SunCoke Energy in a report on Thursday.

Insider Activity at SunCoke Energy

In other SunCoke Energy news, CEO Michael G. Rippey sold 122,533 shares of SunCoke Energy stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 521,073 shares of the company's stock, valued at approximately $5,789,121.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other SunCoke Energy news, CEO Michael G. Rippey sold 122,533 shares of SunCoke Energy stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 521,073 shares of the company's stock, valued at approximately $5,789,121.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael G. Rippey sold 48,618 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $10.93, for a total transaction of $531,394.74. Following the sale, the chief executive officer now directly owns 763,409 shares of the company's stock, valued at approximately $8,344,060.37. The disclosure for this sale can be found here. Insiders sold 251,572 shares of company stock valued at $2,781,834 over the last 90 days. Corporate insiders own 1.73% of the company's stock.

SunCoke Energy Company Profile

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.