Equities analysts forecast that SunCoke Energy Partners (NYSE:SXCP) will post sales of $208.03 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for SunCoke Energy Partners’ earnings. The lowest sales estimate is $202.60 million and the highest is $214.70 million. SunCoke Energy Partners posted sales of $200.60 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The company is expected to announce its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that SunCoke Energy Partners will report full year sales of $845.58 million for the current fiscal year, with estimates ranging from $793.80 million to $900.64 million. For the next fiscal year, analysts expect that the firm will post sales of $830.02 million per share, with estimates ranging from $751.60 million to $890.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for SunCoke Energy Partners.
Get SunCoke Energy Partners alerts:
SunCoke Energy Partners (NYSE:SXCP) last posted its earnings results on Thursday, April 26th. The energy company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.05). The business had revenue of $214.80 million during the quarter, compared to the consensus estimate of $205.57 million. SunCoke Energy Partners had a return on equity of 12.90% and a net margin of 14.13%.
A number of analysts have commented on SXCP shares. ValuEngine raised SunCoke Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised SunCoke Energy Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a report on Saturday, February 3rd. Seaport Global Securities initiated coverage on SunCoke Energy Partners in a report on Tuesday, April 3rd. They issued a “buy” rating and a $21.00 price objective for the company. Finally, B. Riley cut their price objective on SunCoke Energy Partners from $24.00 to $21.00 and set a “buy” rating for the company in a report on Monday, April 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $21.67.
In other news, insider Phillip Michael Hardesty acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 9th. The stock was bought at an average price of $15.65 per share, with a total value of $39,125.00. Following the completion of the acquisition, the insider now directly owns 4,931 shares of the company’s stock, valued at approximately $77,170.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Sun Coal & Coke Llc acquired 34,377 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The stock was purchased at an average cost of $17.95 per share, with a total value of $617,067.15. The disclosure for this purchase can be found here. Insiders purchased 92,754 shares of company stock valued at $1,655,902 in the last ninety days.
A number of large investors have recently added to or reduced their stakes in SXCP. Deutsche Bank AG grew its holdings in SunCoke Energy Partners by 2,546.4% during the fourth quarter. Deutsche Bank AG now owns 404,897 shares of the energy company’s stock valued at $7,065,000 after purchasing an additional 389,597 shares during the period. Renaissance Technologies LLC grew its holdings in SunCoke Energy Partners by 2,066.9% during the fourth quarter. Renaissance Technologies LLC now owns 331,542 shares of the energy company’s stock valued at $5,785,000 after purchasing an additional 316,242 shares during the period. Guggenheim Capital LLC grew its holdings in SunCoke Energy Partners by 538.3% during the first quarter. Guggenheim Capital LLC now owns 226,117 shares of the energy company’s stock valued at $4,025,000 after purchasing an additional 190,692 shares during the period. First Republic Investment Management Inc. bought a new stake in SunCoke Energy Partners during the first quarter valued at about $1,465,000. Finally, Geode Capital Management LLC bought a new stake in SunCoke Energy Partners during the fourth quarter valued at about $994,000. 8.54% of the stock is owned by institutional investors and hedge funds.
Shares of SunCoke Energy Partners traded down $0.25, reaching $15.35, on Wednesday, MarketBeat Ratings reports. The company’s stock had a trading volume of 196,291 shares, compared to its average volume of 211,229. The firm has a market cap of $721.14 million, a price-to-earnings ratio of 9.30 and a beta of 1.40. SunCoke Energy Partners has a 52 week low of $15.05 and a 52 week high of $21.95. The company has a current ratio of 1.54, a quick ratio of 0.83 and a debt-to-equity ratio of 1.34.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.42%. The ex-dividend date is Monday, May 14th. SunCoke Energy Partners’s payout ratio is currently 96.97%.
About SunCoke Energy Partners
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.
Get a free copy of the Zacks research report on SunCoke Energy Partners (SXCP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com