Q3 2022 EPS Estimates for SunCoke Energy, Inc. Cut by Analyst (NYSE:SXC)

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SunCoke Energy, Inc. (NYSE:SXCGet Rating) – Equities researchers at B. Riley decreased their Q3 2022 earnings estimates for shares of SunCoke Energy in a research report issued to clients and investors on Wednesday, August 3rd. B. Riley analyst L. Pipes now anticipates that the energy company will earn $0.16 per share for the quarter, down from their previous forecast of $0.24. The consensus estimate for SunCoke Energy’s current full-year earnings is $1.09 per share. B. Riley also issued estimates for SunCoke Energy’s Q4 2022 earnings at $0.15 EPS and FY2022 earnings at $0.87 EPS.

A number of other equities research analysts also recently weighed in on the company. TheStreet downgraded SunCoke Energy from a “b-” rating to a “c” rating in a research report on Tuesday. StockNews.com cut shares of SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

SunCoke Energy Stock Performance

NYSE SXC opened at $6.81 on Friday. The company’s fifty day moving average is $7.15 and its two-hundred day moving average is $7.85. SunCoke Energy has a 52-week low of $5.85 and a 52-week high of $9.82. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.72 and a quick ratio of 0.82. The firm has a market capitalization of $567.82 million, a price-to-earnings ratio of 6.95 and a beta of 1.16.

SunCoke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.70%. This is an increase from SunCoke Energy’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, August 17th. SunCoke Energy’s payout ratio is presently 24.49%.

Institutional Investors Weigh In On SunCoke Energy

A number of institutional investors have recently added to or reduced their stakes in SXC. New York State Teachers Retirement System boosted its holdings in SunCoke Energy by 3.4% during the fourth quarter. New York State Teachers Retirement System now owns 46,527 shares of the energy company’s stock valued at $307,000 after purchasing an additional 1,520 shares in the last quarter. Janney Montgomery Scott LLC raised its position in SunCoke Energy by 15.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,684 shares of the energy company’s stock worth $103,000 after purchasing an additional 2,111 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in SunCoke Energy in the 4th quarter worth approximately $1,012,000. Yousif Capital Management LLC bought a new position in SunCoke Energy in the 4th quarter worth approximately $494,000. Finally, Qube Research & Technologies Ltd raised its position in SunCoke Energy by 569.4% in the 4th quarter. Qube Research & Technologies Ltd now owns 99,332 shares of the energy company’s stock worth $655,000 after purchasing an additional 84,494 shares during the last quarter. 83.34% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Company Profile

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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.

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Earnings History and Estimates for SunCoke Energy (NYSE:SXC)

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