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

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

SunCoke Energy Stock Down 4.8 %

SXC traded down $0.49 during trading on Friday, reaching $9.82. 1,900,029 shares of the stock traded hands, compared to its average volume of 838,329. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.22 and a quick ratio of 1.19. SunCoke Energy has a fifty-two week low of $7.47 and a fifty-two week high of $11.85. The stock’s 50-day simple moving average is $8.45 and its two-hundred day simple moving average is $9.52. The stock has a market cap of $825.78 million, a price-to-earnings ratio of 9.69 and a beta of 1.04.

SunCoke Energy Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 4.89%. SunCoke Energy’s dividend payout ratio is 48.00%.

Analyst Ratings Changes

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

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.