Key Points
- Insider purchase: Director Ratta Ralph Della, Jr. bought 7,288 shares on Nov. 6 at an average price of $6.86 for about $49,996, raising his stake to 86,293 shares (a 9.22% increase).
- Quarterly results beat: SunCoke reported Q EPS of $0.26 versus $0.14 expected and revenue of $487.0M versus $349.3M expected, while analysts forecast about $0.71 EPS for the current fiscal year.
- Dividend announced: The company declared a $0.12 quarterly dividend (annualized $0.48) representing a ~7.1% yield, payable Dec. 1 to holders of record on Nov. 17 (ex-dividend date Nov. 17).
SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) Director Ratta Ralph Della, Jr. acquired 7,288 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $6.86 per share, for a total transaction of $49,995.68. Following the completion of the acquisition, the director owned 86,293 shares in the company, valued at $591,969.98. The trade was a 9.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
SunCoke Energy Price Performance
NYSE:SXC opened at $6.76 on Friday. The stock has a 50 day moving average of $7.95 and a two-hundred day moving average of $8.20. SunCoke Energy, Inc. has a 12 month low of $6.57 and a 12 month high of $12.82. The firm has a market cap of $571.92 million, a P/E ratio of 7.85 and a beta of 1.08. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70.
SunCoke Energy (NYSE:SXC - Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The energy company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.12. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The firm had revenue of $487.00 million for the quarter, compared to analyst estimates of $349.30 million. During the same period in the previous year, the company posted $0.36 earnings per share. The business's revenue was down .6% on a year-over-year basis. On average, analysts expect that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.
SunCoke Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Monday, November 17th. SunCoke Energy's payout ratio is 63.16%.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of SunCoke Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, SunCoke Energy has an average rating of "Hold".
Check Out Our Latest Report on SunCoke Energy
Institutional Trading of SunCoke Energy
Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of SunCoke Energy by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 7,169,240 shares of the energy company's stock valued at $65,957,000 after buying an additional 176,220 shares during the period. American Century Companies Inc. lifted its stake in shares of SunCoke Energy by 6.4% in the 2nd quarter. American Century Companies Inc. now owns 3,609,069 shares of the energy company's stock valued at $31,002,000 after purchasing an additional 218,263 shares during the last quarter. LSV Asset Management grew its holdings in shares of SunCoke Energy by 14.5% during the 2nd quarter. LSV Asset Management now owns 3,427,707 shares of the energy company's stock worth $29,444,000 after purchasing an additional 433,395 shares during the period. Geode Capital Management LLC increased its position in shares of SunCoke Energy by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,136,374 shares of the energy company's stock worth $18,353,000 after purchasing an additional 67,296 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of SunCoke Energy by 0.7% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,523,806 shares of the energy company's stock worth $14,019,000 after purchasing an additional 10,038 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company's stock.
About SunCoke Energy
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
