SunCoke Energy Inc. (NYSE:SXC) – Equities research analysts at FBR & Co reduced their FY2017 earnings per share estimates for shares of SunCoke Energy in a research report issued on Thursday. FBR & Co analyst L. Pipes now anticipates that the firm will earn $0.19 per share for the year, down from their previous estimate of $0.20.
Separately, Zacks Investment Research cut shares of SunCoke Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday.
Shares of SunCoke Energy (NYSE:SXC) traded up 2.28% during trading on Monday, reaching $7.62. 87,799 shares of the company’s stock were exchanged. The stock’s market cap is $489.04 million. The stock’s 50 day moving average price is $7.19 and its 200-day moving average price is $6.75. SunCoke Energy has a 52-week low of $2.05 and a 52-week high of $8.21.
SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.05. SunCoke Energy had a negative net margin of 1.02% and a positive return on equity of 0.95%. The business earned $292.70 million during the quarter, compared to the consensus estimate of $286.20 million. During the same period in the previous year, the business posted ($0.04) earnings per share. SunCoke Energy’s revenue was down 15.9% compared to the same quarter last year.
In other news, major shareholder Mangrove Partners Fund (Cayman bought 291,478 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was bought at an average cost of $6.98 per share, for a total transaction of $2,034,516.44. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 3.27% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. bought a new position in SunCoke Energy during the first quarter worth about $103,000. Public Employees Retirement System of Ohio boosted its position in SunCoke Energy by 23.5% in the second quarter. Public Employees Retirement System of Ohio now owns 17,992 shares of the company’s stock worth $105,000 after buying an additional 3,427 shares in the last quarter. Martingale Asset Management L P bought a new position in SunCoke Energy during the second quarter worth about $114,000. BNP Paribas Arbitrage SA boosted its position in SunCoke Energy by 110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 19,770 shares of the company’s stock worth $115,000 after buying an additional 10,386 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in SunCoke Energy by 1.5% in the third quarter. Eqis Capital Management Inc. now owns 15,063 shares of the company’s stock worth $121,000 after buying an additional 224 shares in the last quarter. Institutional investors and hedge funds own 84.21% of the company’s stock.
SunCoke Energy Company Profile