Q1 2023 EPS Estimates for SunCoke Energy, Inc. Cut by B. Riley (NYSE:SXC)

SunCoke Energy, Inc. (NYSE:SXCGet Rating) – Investment analysts at B. Riley decreased their Q1 2023 earnings per share estimates for shares of SunCoke Energy in a report issued on Wednesday, August 3rd. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.20. The consensus estimate for SunCoke Energy’s current full-year earnings is $1.09 per share. B. Riley also issued estimates for SunCoke Energy’s Q2 2023 earnings at $0.19 EPS, Q3 2023 earnings at $0.19 EPS, Q4 2023 earnings at $0.19 EPS and FY2023 earnings at $0.75 EPS.

SunCoke Energy (NYSE:SXCGet Rating) last released its quarterly earnings results on Monday, May 2nd. The energy company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.14. SunCoke Energy had a net margin of 4.97% and a return on equity of 15.16%. The company had revenue of $439.80 million for the quarter, compared to analyst estimates of $367.30 million. During the same period last year, the firm earned $0.20 earnings per share.

Several other equities analysts have also issued reports on the company. TheStreet lowered SunCoke Energy from a “b-” rating to a “c” rating in a report on Tuesday. StockNews.com cut SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

SunCoke Energy Trading Down 2.9 %

NYSE:SXC opened at $6.64 on Thursday. SunCoke Energy has a 52 week low of $5.85 and a 52 week high of $9.82. The firm has a 50-day moving average price of $7.18 and a two-hundred day moving average price of $7.85. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.82 and a current ratio of 1.72. The firm has a market cap of $553.65 million, a price-to-earnings ratio of 6.78 and a beta of 1.16.

SunCoke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be paid a $0.08 dividend. This is an increase from SunCoke Energy’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, August 17th. This represents a $0.32 annualized dividend and a yield of 4.82%. SunCoke Energy’s dividend payout ratio is presently 24.49%.

Hedge Funds Weigh In On SunCoke Energy

Several institutional investors and hedge funds have recently bought and sold shares of SXC. New York State Teachers Retirement System grew its holdings in SunCoke Energy by 3.4% during the fourth quarter. New York State Teachers Retirement System now owns 46,527 shares of the energy company’s stock valued at $307,000 after purchasing an additional 1,520 shares during the period. Janney Montgomery Scott LLC grew its holdings in SunCoke Energy by 15.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,684 shares of the energy company’s stock valued at $103,000 after purchasing an additional 2,111 shares during the period. Allspring Global Investments Holdings LLC bought a new position in SunCoke Energy during the fourth quarter valued at $1,012,000. Yousif Capital Management LLC bought a new position in SunCoke Energy during the fourth quarter valued at $494,000. Finally, Qube Research & Technologies Ltd grew its holdings in SunCoke Energy by 569.4% during the fourth quarter. Qube Research & Technologies Ltd now owns 99,332 shares of the energy company’s stock valued at $655,000 after purchasing an additional 84,494 shares during the period. 83.34% of the stock is owned by institutional investors.

About SunCoke Energy

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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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Earnings History and Estimates for SunCoke Energy (NYSE:SXC)

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