$210.91 Million in Sales Expected for SunCoke Energy Partners, L.P. (SXCP) This Quarter

Equities analysts expect that SunCoke Energy Partners, L.P. (NYSE:SXCP) will announce $210.91 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for SunCoke Energy Partners, L.P.’s earnings, with the highest sales estimate coming in at $236.50 million and the lowest estimate coming in at $185.31 million. SunCoke Energy Partners, L.P. reported sales of $181.40 million during the same quarter last year, which indicates a positive year over year growth rate of 16.3%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that SunCoke Energy Partners, L.P. will report full-year sales of $210.91 million for the current fiscal year, with estimates ranging from $824.60 million to $921.60 million. For the next fiscal year, analysts expect that the firm will report sales of $855.73 million per share, with estimates ranging from $828.46 million to $883.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for SunCoke Energy Partners, L.P..

SunCoke Energy Partners, L.P. (NYSE:SXCP) last posted its earnings results on Thursday, April 20th. The energy company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.26 by $0.19. The firm had revenue of $195.60 million for the quarter, compared to analyst estimates of $232.25 million. SunCoke Energy Partners, L.P. had a positive return on equity of 13.94% and a negative net margin of 6.40%. SunCoke Energy Partners, L.P.’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share.

A number of brokerages have recently issued reports on SXCP. Zacks Investment Research downgraded SunCoke Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. ValuEngine upgraded SunCoke Energy Partners, L.P. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 31st.

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Shares of SunCoke Energy Partners, L.P. (SXCP) traded up 0.55% during mid-day trading on Friday, reaching $18.15. The company’s stock had a trading volume of 46,136 shares. The company’s 50 day moving average price is $16.93 and its 200-day moving average price is $17.23. The company’s market capitalization is $838.89 million. SunCoke Energy Partners, L.P. has a 1-year low of $12.07 and a 1-year high of $21.95.

In related news, major shareholder Sun Coal & Coke Llc bought 72,443 shares of the stock in a transaction on Thursday, May 4th. The shares were purchased at an average price of $16.52 per share, for a total transaction of $1,196,758.36. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have acquired 1,788,327 shares of company stock worth $30,232,142.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SXCP. Creative Planning increased its position in SunCoke Energy Partners, L.P. by 3,878.5% in the first quarter. Creative Planning now owns 11,100 shares of the energy company’s stock worth $170,000 after buying an additional 10,821 shares during the period. Tocqueville Asset Management L.P. increased its position in SunCoke Energy Partners, L.P. by 49.2% in the first quarter. Tocqueville Asset Management L.P. now owns 277,244 shares of the energy company’s stock worth $4,256,000 after buying an additional 91,400 shares during the period. Sheaff Brock Investment Advisors LLC purchased a new position in SunCoke Energy Partners, L.P. during the first quarter worth approximately $158,000. Rafferty Asset Management LLC increased its position in SunCoke Energy Partners, L.P. by 34.7% in the first quarter. Rafferty Asset Management LLC now owns 200,268 shares of the energy company’s stock worth $3,074,000 after buying an additional 51,559 shares during the period. Finally, Van ECK Associates Corp increased its position in SunCoke Energy Partners, L.P. by 49.3% in the first quarter. Van ECK Associates Corp now owns 274,038 shares of the energy company’s stock worth $4,206,000 after buying an additional 90,485 shares during the period. 28.10% of the stock is currently owned by institutional investors.

About SunCoke Energy Partners, L.P.

SunCoke Energy Partners, L.P. is engaged in the production of coke used in the blast furnace production of steel. As of December 31, 2016, the Company owned a 98% interest in Haverhill Coke Company LLC (Haverhill), Middletown Coke Company, LLC (Middletown), and Gateway Energy and Coke Company, LLC (Granite City).

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