SunCoke 2012 Outlook Below Wall St. Forecast
NEW YORK (AP) ⿿ SunCoke Energy Inc. said Tuesday that it will earn between $1.30 and $1.65 per share in 2012. Analysts estimated SunCoke would earn $1.71 per share next year, according to FactSet.
The Lisle, Ill., coal producer plans to cut capital spending nearly in half next year, as it increases domestic coke production. The company will boost production at its Ohio and Indiana operations while selling more coal at higher prices.
SunCoke, which owns coal mines in Virginia and West Virginia, expects to invest $150 million in company operations in the form of capital spending. That's down from the $280 million it expects to spend by the end of this year. The company said it will spend less in 2012 after completing its Middletown, Ohio, facility.
SunCoke expects corporate costs of between $30 million and $35 million and an effective tax rate between 20 and 24 percent in 2012.
SunCoke shares fell 23 cents, or 2 percent, to $11.31 in morning trading.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
