Key Points
- SVP Phillip Michael Hardesty bought 12,500 shares at $5.83 on Feb. 25 for $72,875, raising his stake to 298,677 shares (a 4.37% increase) per an SEC filing.
- The company declared a $0.12 quarterly dividend (ex-dividend Feb. 17, payable Mar. 2), implying a 8.4% yield at current prices.
- SunCoke reported a quarterly EPS loss of -$1.00 versus a $0.10 consensus while revenue beat at $480.2M, and analysts maintain a consensus "Hold" with a $9 target.
SunCoke Energy, Inc. (NYSE:SXC - Get Free Report) CFO Mark Marinko bought 10,000 shares of the business's stock in a transaction on Wednesday, February 25th. The shares were acquired at an average cost of $5.84 per share, for a total transaction of $58,400.00. Following the transaction, the chief financial officer directly owned 71,798 shares in the company, valued at approximately $419,300.32. This trade represents a 16.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
SunCoke Energy Stock Up 0.1%
Shares of NYSE SXC traded up $0.01 during mid-day trading on Friday, reaching $5.68. 314,936 shares of the company were exchanged, compared to its average volume of 1,249,739. The company has a quick ratio of 1.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.10. The stock has a market cap of $480.48 million, a price-to-earnings ratio of -10.98 and a beta of 0.98. The firm has a 50-day moving average of $7.55 and a 200 day moving average of $7.54. SunCoke Energy, Inc. has a 1 year low of $5.51 and a 1 year high of $9.82.
SunCoke Energy (NYSE:SXC - Get Free Report) last announced its earnings results on Tuesday, February 17th. The energy company reported ($1.00) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($1.10). SunCoke Energy had a negative net margin of 2.41% and a positive return on equity of 7.43%. The firm had revenue of $480.20 million during the quarter, compared to analyst estimates of $437.45 million. During the same quarter last year, the business earned $0.28 earnings per share. SunCoke Energy's revenue was down 1.2% on a year-over-year basis. On average, research analysts expect that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.
SunCoke Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Tuesday, February 17th. SunCoke Energy's dividend payout ratio (DPR) is presently -92.31%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on SXC shares. B. Riley Financial cut their price objective on shares of SunCoke Energy from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, February 18th. Weiss Ratings reiterated a "hold (c-)" rating on shares of SunCoke Energy in a research report on Monday, December 22nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $9.00.
Check Out Our Latest Stock Analysis on SXC
Hedge Funds Weigh In On SunCoke Energy
A number of hedge funds have recently made changes to their positions in the stock. Gendell Jeffrey L boosted its stake in shares of SunCoke Energy by 82.3% in the fourth quarter. Gendell Jeffrey L now owns 1,472,040 shares of the energy company's stock valued at $10,599,000 after purchasing an additional 664,528 shares during the period. Invesco Ltd. lifted its position in shares of SunCoke Energy by 72.0% during the 2nd quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company's stock worth $12,419,000 after purchasing an additional 605,366 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of SunCoke Energy by 65.5% during the 4th quarter. Federated Hermes Inc. now owns 1,422,356 shares of the energy company's stock worth $10,241,000 after acquiring an additional 562,739 shares in the last quarter. Norges Bank purchased a new position in SunCoke Energy in the second quarter valued at approximately $4,579,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of SunCoke Energy by 30.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,153,408 shares of the energy company's stock worth $15,505,000 after purchasing an additional 503,500 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company's stock.
SunCoke Energy Company Profile
(
Get Free Report)
SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.
The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.
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