SunCoke Energy (SXC) stock experienced a significant decline of 5.12% on Thursday, following the release of its fourth-quarter earnings report and a dividend announcement.
The company reported adjusted earnings per share of $0.28 for the quarter ended December 31, 2024, surpassing analyst estimates of $0.24. However, revenue fell 6.6% year-over-year to $486 million, missing expectations of $373.5 million. Despite the mixed results, SunCoke Energy declared a quarterly cash dividend of $0.12 per share, payable on March 3, 2025, to shareholders of record as of February 17, 2025.
Analysts have a mixed outlook on the stock, with an average rating of "buy" and a median price target of $12.00. While the company's earnings beat expectations, concerns over revenue decline and potential challenges in the metallurgical coke industry may have contributed to the stock's plummet.
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