SunCoke Energy (NYSE:SXC) Issues Quarterly Earnings Results, Beats Estimates By $0.13 EPS

SunCoke Energy (NYSE:SXC) announced its quarterly earnings data on Thursday. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13, Briefing.com reports. The firm had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share.

SunCoke Energy Price Performance

SXC stock traded down $0.48 during trading on Friday, reaching $9.83. 1,900,029 shares of the company were exchanged, compared to its average volume of 838,329. SunCoke Energy has a 52-week low of $7.47 and a 52-week high of $11.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22. The company has a market cap of $826.62 million, a P/E ratio of 9.83 and a beta of 1.04. The stock’s 50 day moving average price is $8.51 and its 200 day moving average price is $9.52.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Thursday, November 14th. SunCoke Energy’s dividend payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research note 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.