SunCoke Energy (NYSE:SXC) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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

SunCoke Energy Price Performance

Shares of NYSE SXC traded up $0.24 during trading hours on Thursday, hitting $10.09. 329,723 shares of the stock were exchanged, compared to its average volume of 819,966. The company’s fifty day simple moving average is $10.84 and its two-hundred day simple moving average is $10.30. The company has a market cap of $848.27 million, a PE ratio of 15.16 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 1.86. SunCoke Energy has a 1-year low of $6.71 and a 1-year high of $11.48.

Insider Buying and Selling at SunCoke Energy

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 value of $1,361,341.63. Following 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 SEC, which is available at the SEC website. In other SunCoke Energy news, CEO Michael G. Rippey sold 122,533 shares of SunCoke Energy stock in a transaction dated 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 transaction, the chief executive officer now owns 521,073 shares in the company, valued at $5,789,121.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael G. Rippey sold 48,618 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $10.93, for a total value of $531,394.74. Following the transaction, the chief executive officer now directly owns 763,409 shares of the company’s stock, valued at approximately $8,344,060.37. The disclosure for this sale can be found here. Insiders sold a total of 251,572 shares of company stock worth $2,781,834 over the last three months. Corporate insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

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

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.