FY2024 EPS Estimates for SunCoke Energy Increased by Analyst

SunCoke Energy, Inc. (NYSE:SXC) – B. Riley upped their FY2024 earnings per share (EPS) estimates for SunCoke Energy in a note issued to investors on Thursday, November 7th. B. Riley analyst L. Pipes now expects that the energy company will post earnings of $1.14 per share for the year, up from their prior 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.

A number of other equities research analysts also recently commented on SXC. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a report on Tuesday, November 5th.

SunCoke Energy Stock Performance

Shares of SunCoke Energy stock opened at $12.64 on Monday. The business has a 50-day simple moving average of $8.87 and a 200-day simple moving average of $9.55. The company has a market cap of $1.06 billion, a PE ratio of 12.64 and a beta of 1.02. SunCoke Energy has a one year low of $7.47 and a one year high of $12.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The business had revenue of $490.10 million for the quarter, compared to analysts’ expectations of $412.70 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The business’s quarterly revenue was down 5.8% on a year-over-year basis.

SunCoke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.80%. SunCoke Energy’s dividend payout ratio is presently 48.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its position in SunCoke Energy by 84.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 724,886 shares of the energy company’s stock valued at $8,169,000 after buying an additional 332,197 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of SunCoke Energy by 13.2% in the second quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock valued at $24,620,000 after buying an additional 292,050 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in SunCoke Energy by 50.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 453,087 shares of the energy company’s stock worth $5,106,000 after acquiring an additional 152,002 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of SunCoke Energy by 3.1% during the 2nd quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock worth $46,141,000 after purchasing an additional 139,971 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of SunCoke Energy by 112.5% in the 3rd quarter. GSA Capital Partners LLP now owns 176,855 shares of the energy company’s stock valued at $1,535,000 after purchasing an additional 93,644 shares in the last quarter. 90.45% of the stock is owned by hedge funds and other 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.