FY2024 EPS Estimates for SunCoke Energy Lifted by B. Riley

SunCoke Energy, Inc. (NYSE:SXC - Free Report) - B. Riley raised their FY2024 EPS estimates for shares of SunCoke Energy in a note issued to investors on Thursday, November 7th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings per share of $1.14 for the year, up from their previous forecast of $0.94. The consensus estimate for SunCoke Energy's current full-year earnings is $1.14 per share. B. Riley also issued estimates for SunCoke Energy's FY2025 earnings at $0.71 EPS and FY2026 earnings at $0.70 EPS.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.14. The company 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%. SunCoke Energy's revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share.

A number of other analysts also recently weighed in on SXC. Benchmark reissued a "buy" rating and set a $13.00 target price on shares of SunCoke Energy in a research report on Tuesday, November 5th. StockNews.com upgraded SunCoke Energy from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th.

SunCoke Energy Trading Up 1.2 %

Shares of NYSE SXC traded up $0.15 during trading on Monday, reaching $12.69. The company had a trading volume of 534,049 shares, compared to its average volume of 847,428. The stock has a market cap of $1.07 billion, a P/E ratio of 12.54 and a beta of 1.02. The company's fifty day moving average price is $8.80 and its 200-day moving average price is $9.54. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. SunCoke Energy has a 12 month low of $7.47 and a 12 month high of $12.81.

Hedge Funds Weigh In On SunCoke Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC raised its holdings in SunCoke Energy by 488.9% during the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock worth $46,000 after buying an additional 4,400 shares during the last quarter. Innealta Capital LLC bought a new position in SunCoke Energy in the 2nd quarter valued at about $70,000. Optas LLC acquired a new position in SunCoke Energy during the 3rd quarter valued at about $88,000. Algert Global LLC bought a new stake in SunCoke Energy during the 2nd quarter worth approximately $107,000. Finally, Retirement Investment Advisors Inc. purchased a new stake in shares of SunCoke Energy in the second quarter worth approximately $110,000. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be given 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 3.78%. SunCoke Energy's payout ratio is presently 48.00%.

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.