Analysts forecast that SunCoke Energy Partners LP (NYSE:SXCP) will announce earnings of $0.41 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for SunCoke Energy Partners’ earnings, with estimates ranging from $0.22 to $0.59. SunCoke Energy Partners reported earnings per share of ($0.81) in the same quarter last year, which suggests a positive year-over-year growth rate of 150.6%. The business is scheduled to announce its next quarterly earnings results on Wednesday, January 30th.
On average, analysts expect that SunCoke Energy Partners will report full year earnings of $1.31 per share for the current year, with EPS estimates ranging from $1.22 to $1.39. For the next fiscal year, analysts forecast that the company will report earnings of $1.65 per share, with EPS estimates ranging from $0.98 to $2.00. Zacks’ EPS averages are a mean average based on a survey of research firms that cover SunCoke Energy Partners.
SunCoke Energy Partners (NYSE:SXCP) last issued its earnings results on Thursday, October 25th. The energy company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.09). The firm had revenue of $224.10 million during the quarter, compared to analysts’ expectations of $221.28 million. SunCoke Energy Partners had a return on equity of 13.19% and a net margin of 16.37%.
SXCP has been the subject of a number of research analyst reports. TheStreet upgraded SunCoke Energy Partners from a “c” rating to a “b-” rating in a research note on Friday, July 13th. Zacks Investment Research raised SunCoke Energy Partners from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, October 18th. B. Riley reaffirmed a “buy” rating on shares of SunCoke Energy Partners in a research report on Friday. ValuEngine raised SunCoke Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, JPMorgan Chase & Co. cut their price target on SunCoke Energy Partners from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, July 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $19.75.
Several large investors have recently bought and sold shares of SXCP. NEXT Financial Group Inc acquired a new stake in shares of SunCoke Energy Partners during the 3rd quarter valued at about $137,000. Arrow Investment Advisors LLC grew its position in shares of SunCoke Energy Partners by 22.6% during the 3rd quarter. Arrow Investment Advisors LLC now owns 32,364 shares of the energy company’s stock valued at $494,000 after acquiring an additional 5,976 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of SunCoke Energy Partners during the 2nd quarter valued at about $961,000. Acadian Asset Management LLC boosted its holdings in SunCoke Energy Partners by 416.3% in the 2nd quarter. Acadian Asset Management LLC now owns 111,569 shares of the energy company’s stock worth $1,674,000 after buying an additional 89,959 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in SunCoke Energy Partners by 10.9% in the 2nd quarter. Van ECK Associates Corp now owns 155,134 shares of the energy company’s stock worth $2,327,000 after buying an additional 15,217 shares during the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.
SXCP stock traded down $0.08 during midday trading on Friday, reaching $14.28. The stock had a trading volume of 118,847 shares, compared to its average volume of 152,607. The firm has a market capitalization of $678.61 million, a price-to-earnings ratio of 8.65 and a beta of 1.33. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.31 and a quick ratio of 0.65. SunCoke Energy Partners has a 52-week low of $13.36 and a 52-week high of $21.95.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.20%. The ex-dividend date of this dividend is Wednesday, November 14th. SunCoke Energy Partners’s dividend payout ratio is currently 96.97%.
SunCoke Energy Partners Company Profile
SunCoke Energy Partners, L.P., a master limited partnership, produces and sells coke used in the blast furnace production of steel in the United States. It operates through two segments, Domestic Coke and Logistics. The company also provides metallurgical and thermal coal mixing and handling terminal services, as well as operates Convent Marine Terminal, an export terminal in the United States Gulf Coast located in Convent, Louisiana.
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