SunCoke Energy, Inc. Forecasted to Post FY2024 Earnings of $0.90 Per Share (NYSE:SXC)

SunCoke Energy, Inc. (NYSE:SXC) – Equities researchers at B. Riley upped their FY2024 earnings estimates for shares of SunCoke Energy in a report issued on Tuesday, May 7th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $0.90 for the year, up from their previous estimate of $0.86. The consensus estimate for SunCoke Energy’s current full-year earnings is $0.86 per share. B. Riley also issued estimates for SunCoke Energy’s FY2026 earnings at $0.61 EPS.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. SunCoke Energy had a net margin of 2.97% and a return on equity of 9.48%. The firm had revenue of $488.40 million during the quarter, compared to analysts’ expectations of $549.40 million. During the same period last year, the company earned $0.19 earnings per share. The business’s revenue was up .1% on a year-over-year basis.

A number of other research analysts have also weighed in on SXC. StockNews.com lowered SunCoke Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Benchmark restated a “buy” rating and set a $12.00 price objective on shares of SunCoke Energy in a research note on Thursday, May 2nd.

SunCoke Energy Price Performance

Shares of NYSE SXC opened at $10.31 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.16 and a current ratio of 2.06. The firm’s 50-day simple moving average is $10.78 and its 200 day simple moving average is $10.32. The stock has a market cap of $866.81 million, a price-to-earnings ratio of 14.52 and a beta of 1.19. SunCoke Energy has a fifty-two week low of $6.71 and a fifty-two week high of $11.48.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.88%. SunCoke Energy’s payout ratio is presently 56.34%.

Insider Activity at SunCoke Energy

In other SunCoke Energy news, CEO Michael G. Rippey sold 122,533 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $11.11, for a total value of $1,361,341.63. Following the completion of the transaction, the chief executive officer now owns 521,073 shares in the company, valued at approximately $5,789,121.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael G. Rippey sold 122,533 shares of SunCoke Energy stock in a transaction on Monday, March 11th. The stock was sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the sale, the chief executive officer now directly owns 521,073 shares in the company, valued at approximately $5,789,121.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael G. Rippey sold 78,714 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total transaction of $870,576.84. Following the completion of the transaction, the chief executive officer now directly owns 342,359 shares in the company, valued at $3,786,490.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 251,572 shares of company stock valued at $2,781,834. 1.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SXC. Catalyst Capital Advisors LLC purchased a new stake in SunCoke Energy in the 3rd quarter worth about $30,000. Millburn Ridgefield Corp bought a new position in shares of SunCoke Energy in the third quarter worth $30,000. GAMMA Investing LLC bought a new position in shares of SunCoke Energy in the fourth quarter worth $31,000. AJOVista LLC bought a new position in shares of SunCoke Energy in the fourth quarter worth $77,000. Finally, Optas LLC bought a new position in shares of SunCoke Energy in the fourth quarter worth $108,000. 90.45% of the stock is owned by institutional investors.

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.