SunCoke Energy (NYSE:SXC) Announces Earnings Results

SunCoke Energy (NYSE:SXC) issued its earnings results on Wednesday. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01, Briefing.com reports. The firm had revenue of $488.40 million for the quarter, compared to analysts’ expectations of $549.40 million. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. SunCoke Energy’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the company posted $0.19 earnings per share.

SunCoke Energy Price Performance

NYSE:SXC traded up $0.24 during midday trading on Thursday, hitting $10.09. 329,723 shares of the stock were exchanged, compared to its average volume of 819,966. SunCoke Energy has a one year low of $6.71 and a one year high of $11.48. The company has a market capitalization of $848.27 million, a price-to-earnings ratio of 15.16 and a beta of 1.19. The business has a 50-day moving average price of $10.84 and a two-hundred day moving average price of $10.30. The company has a current ratio of 1.86, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76.

Insider Buying and Selling

In related news, CEO Michael G. Rippey sold 48,618 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $10.93, for a total transaction of $531,394.74. Following the sale, the chief executive officer now owns 763,409 shares of the company’s stock, valued at $8,344,060.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Michael G. Rippey sold 48,618 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $10.93, for a total transaction of $531,394.74. Following the sale, the chief executive officer now owns 763,409 shares of the company’s stock, valued at $8,344,060.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael G. Rippey sold 78,714 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total value of $870,576.84. Following the sale, the chief executive officer now directly owns 342,359 shares in the company, valued at approximately $3,786,490.54. The disclosure for this sale can be found here. Insiders have sold a total of 251,572 shares of company stock valued at $2,781,834 over the last quarter. Corporate insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SXC shares. StockNews.com raised SunCoke Energy from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th. Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of SunCoke Energy in a report on Thursday.

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.