SunCoke Energy (NYSE:SXC) Announces Quarterly Earnings Results

SunCoke Energy (NYSE:SXC) issued its earnings results on Thursday. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04, Zacks reports. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%.

SunCoke Energy Trading Down 2.6 %

Shares of SXC stock opened at $9.39 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. SunCoke Energy has a 12-month low of $7.47 and a 12-month high of $12.82. The stock has a market capitalization of $789.18 million, a P/E ratio of 9.39 and a beta of 1.08. The firm’s 50 day moving average is $11.01 and its 200 day moving average is $10.03.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 5.11%. SunCoke Energy’s payout ratio is 48.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SXC shares. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a research note on Tuesday, November 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.