SunCoke Energy, Inc. (NYSE:SXC – Get Rating) – Stock analysts at B. Riley raised their FY2022 earnings per share estimates for SunCoke Energy in a research note issued on Tuesday, May 3rd. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $1.09 for the year, up from their previous estimate of $0.86. B. Riley also issued estimates for SunCoke Energy’s FY2023 earnings at $0.81 EPS.
SunCoke Energy (NYSE:SXC – Get Rating) last released its quarterly earnings data on Monday, May 2nd. The energy company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.16. SunCoke Energy had a return on equity of 14.89% and a net margin of 3.67%. During the same period in the prior year, the company earned $0.20 earnings per share.
Shares of SXC opened at $8.53 on Thursday. The stock has a market capitalization of $708.93 million, a PE ratio of 12.92 and a beta of 1.10. SunCoke Energy has a fifty-two week low of $5.85 and a fifty-two week high of $9.82. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 1.67. The company has a 50 day moving average price of $8.77 and a 200-day moving average price of $7.57.
A number of hedge funds and other institutional investors have recently bought and sold shares of SXC. Dorsey Wright & Associates purchased a new position in shares of SunCoke Energy during the 1st quarter valued at about $48,000. Point72 Hong Kong Ltd purchased a new position in SunCoke Energy in the third quarter valued at $39,000. CWM LLC raised its position in shares of SunCoke Energy by 668.4% in the first quarter. CWM LLC now owns 6,946 shares of the energy company’s stock worth $62,000 after acquiring an additional 6,042 shares during the period. Ingalls & Snyder LLC purchased a new stake in shares of SunCoke Energy during the 4th quarter worth about $66,000. Finally, Royal Bank of Canada grew its position in shares of SunCoke Energy by 40.6% during the 2nd quarter. Royal Bank of Canada now owns 11,199 shares of the energy company’s stock valued at $80,000 after acquiring an additional 3,235 shares during the period. Institutional investors own 83.34% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 18th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.81%. SunCoke Energy’s payout ratio is currently 36.36%.
SunCoke Energy Company Profile (Get Rating)
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.
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