SunCoke Energy (NYSE:SXC) 주식

SunCoke Energy

SunCoke Energy Inc operates as an independent producer of coke in the Americas. Its coke is primarily used as a principal raw material in the blast furnace steelmaking process as well as in the foundry production of casted iron. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing-based customers. The majority of revenue is derived from the Domestic Coke segment.

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2024년 11월 29일 기준으로, 소재/재료 섹터에서 세 개의 주식이 모멘텀을 중요한 기준으로 삼는 투자자들에게 실질적인 경고를 보내고 있을 수 있다.

이번 분기에 밤잠을 설칠 수 있는 상위 소재 주식 3종목

SunCoke Energy Inc

<ul>
<li>SunCoke Energy, Inc. to acquire Phoenix Global for $325 million; implies an acquisition multiple of 5.4x 3/31/25 LTM Adjusted EBITDA(1) of $61 million</li>
<li>Combined business grows and diversifies SunCoke's customer base, adding electric arc furnace operators and international markets</li>
<li>Acquisition strengthens SunCoke's role as a critical partner in the steel value chain and is expected to achieve ~$5 million to $10 million of annual synergies.</li>
<li>SunCoke to host conference call and webcast on May 28, 2025, at 11:00 a.m. ET</li>
</ul>
SunCoke Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) ("SunCoke") today announced that it has entered into a definitive merger agreement pursuant to which SunCoke, a supplier of high-quality metallurgical coke and logistics services, will acquire all of the common units of Flame Aggregator, LLC, which together with its subsidiaries operates as Phoenix Global ("Phoenix"), a privately held provider of mission-critical mill services to major steel producing companies, for $325 million on a cash free, debt free basis. SunCoke will fund the $325 million transaction with existing cash and availability under its undrawn revolving credit facility.
Phoenix offers a well-capitalized, superior asset portfolio, having invested approximately $72 million dollars since 2023 in a major capital investment program. With the addition of Phoenix, SunCoke will be diversifying into electric arc furnace operations, including carbon steel and stainless steel mills, and Phoenix's global footprint will add international markets to SunCoke's portfolio.
Phoenix's long-term contracts are complementary with SunCoke's earnings and cash flow streams, having attractive fixed revenue components and limited direct exposure to commodity price volatility. The acquisition is expected to be immediately accretive, and to provide between $5 million and $10 million annually of anticipated synergies.
The transaction implies an acquisition multiple of approximately 5.4x on a 3/31/25 LTM Adjusted EBITDA(1) of $61 million. The merger agreement, and the transactions contemplated thereby, have been unanimously approved by the boards of directors of both companies and have received the support of a majority of Phoenix's unitholders.

SunCoke Energy Enters Into Definitive Merger Agreement To Acquire Phoenix Global For $325M On Cash Free, Debt Free Basis

WIIM

SunCoke Energy shares are trading lower. The company reported Q1 financial results.

Guidance

SunCoke Energy Sees FY25 Total Production Of 4M Tons

SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.17 by 17.65 percent. This is a 13.04 percent decrease over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $436.00 million which beat the analyst consensus estimate of $371.60 million by 17.33 percent. This is a 10.73 percent decrease over sales of $488.40 million the same period last year.

Earnings

Earnings Beats

SunCoke Energy Q1 EPS $0.20 Beats $0.17 Estimate, Sales $436.00M Beat $371.60M Estimate

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Earnings Scheduled For April 30, 2025

I love dividends. I realize that this is not a popular point of view these days. I am supposed to embrace the idea that buybacks are better than dividends. After all, buybacks are more tax efficient and increase the value of my existing holdings.
I have nothing against buybacks. I just prefer dividends. I know my circumstances much better than the board of directors of a company I own. When I am paid a dividend, I get to decide what to do with the cash.
I can buy more stock if I want, spend it frivolously on bills and groceries, or be smart and use the money to buy a new book or go to a baseball game.
If the board uses the extra cash to buy stock and the market drops, I am still a net loser. If I am paid a dividend and the market dips, I still have the cash.
In today's market, that's more important than ever.
So, let's take a look at two stocks with high yields that are still growing their payouts.
Dividends can provide income for my retirement if I choose.
These cash payments can often be a hedge or buffer against falling stock prices.
I can sign up for dividend reinvestment in most cases and take advantage of automatic dollar cost averaging.
The cash is mine to use as I choose.
The dividend allows me to share in the growth of my business on my terms, not the terms best suited to the board&#8217;s needs.
I also like the fact that paying a dividend makes a huge statement. It tells me the business has paid all the bills, invested in any growth plans, rewarded the executives, and still has more money left over.
A dividend increase says that business is so good the company has more money left this year than it did last year.
There is some debate among investors as to whether we should focus on owning stocks with high dividend yields or stocks that are growing their payout every year.
It is a stupid debate.
The answer is obviously &#8220;Both.&#8221;
Blue Owl Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OBDC#NYSE">OBDC</a>) is a great example of the high-yield and dividend growth combo.
Blue Owl is a business development company that makes loans to middle-market companies.
Blue Owl Capital Corporation is one of the largest publicly traded business development companies (BDCs), recently strengthened by its merger with Blue Owl Capital Corporation II (OBDE).
The combined company now manages over $17.4 billion in investments across 236 portfolio companies, with a focus on senior secured lending. 83% of the portfolio is senior secured and 96% consists of floating-rate debt.
OBDC primarily targets U.S. middle-market companies, partnering with private equity sponsors.
The firm&#8217;s credit platform, part of the broader $250 billion Blue Owl asset management ecosystem, gives it powerful origination capabilities. Blue Owl has both deep pockets and lots of resources to source and manage loans.
Blue Owl&#8217;s underwriting philosophy emphasizes recurring cash flows, market leadership, and non-cyclicality. Since the inception of its direct lending platform in 2016, it has maintained an average annual loss rate of just 11 basis points—much better than most of its competition, a testament to its disciplined credit approach and robust portfolio monitoring.
At the end of 2024, non-accruals represented just 0.3% of the portfolio at fair value.
The current yield is over 11%, and management has consistently increased the payout.
SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) isn&#8217;t the kind of name that lights up the screens, but for investors who like their income served hot and contractual, it&#8217;s a quietly durable machine.
The stock is currently yielding over 5%.
At its core, SXC is a toll collector on the steel industry&#8217;s aging coke supply chain, and in a market increasingly starved for reliable yield, that&#8217;s a story worth following.
SunCoke is the largest independent producer of metallurgical coke in North America. With a capacity of 4.2 million tons, it&#8217;s a key supplier to integrated steel mills.
Unlike the old-line coal miners, SunCoke&#8217;s value is not based on where prices for coal or steel are headed. Nearly 80% of its production is covered under take-or-pay contracts that include pass-throughs for coal costs, taxes, O&amp;M, and regulatory changes.
It&#8217;s not glamorous, but it&#8217;s cash-flow rich and insulated from price volatility that breaks commodity businesses.
What sets SXC apart is its heat-recovery technology. Their plants are newer, cleaner, and more efficient than the competition, so much so that the EPA&#8217;s MACT environmental standard for coke making is based on SunCoke&#8217;s process.
This gives them a real regulatory moat as legacy by-product batteries age out.
Roughly 90% of U.S. and Canadian coke capacity outside of SXC is over 30 years old, and over 4.4 million tons of capacity has been shuttered since 2015.
That&#8217;s an attrition story SunCoke is well positioned to benefit from without ever needing to build new plants.
Financially, they&#8217;re in solid shape. They&#8217;ve brought down leverage, maintained $190 million in cash, and have an undrawn $350 million in short-term credit if needed.
In 2024, they generated $96 million in free cash flow, which is more than enough to fund their growing dividend, which now sits at $0.48 per share annually, having doubled since 2021.
Management expects a 2025 free cash flow of $100–$115 million even in a softer coke pricing environment.
It&#8217;s dirty and unpopular, but coal still pays dividends, and SunCoke has a fantastic history of increasing the cash to shareholders.
High yield and dividend growth go together like peanut butter and jelly and should be a cornerstone of a long-term portfolio.
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Photo: Shutterstock

Opinion

OBDC

2 Stocks With High And Growing Dividends For This Market Crash

SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.24 by 16.67 percent. This is a 75 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $486.00 million which beat the analyst consensus estimate of $373.50 million by 30.12 percent. This is a 6.65 percent decrease over sales of $520.60 million the same period last year.

SunCoke Energy Q4 EPS $0.28 Beats $0.24 Estimate, Sales $486.00M Beat $373.50M Estimate

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Earnings Scheduled For January 30, 2025

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Thursday.
Shares of MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) fell sharply in today's pre-market trading following the company's announcement to issue more shares to finance additional Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) acquisitions. This move aligns with MicroStrategy's ongoing strategy to <a href="https://www.benzinga.com/quote/MSTR">bolster its Bitcoin reserves</a>.
MicroStrategy shares fell 3.5% to $345.65 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>NeuroPace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPCE#NASDAQ">NPCE</a>) shares dipped 10.1% to $10.01 in pre-market trading.</li>
<li>Delcath Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) declined 10% to $10.21 in pre-market trading.</li>
<li>Design Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>) fell 8.6% to $5.80 in pre-market trading.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) fell 8.6% to $11.21 in pre-market trading.</li>
<li>SunCoke Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) dipped 8.2% to $9.90 in pre-market trading.</li>
<li>Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) fell 5.9% to $2.8505 in pre-market trading.</li>
<li>Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) slipped 2.5% to $42.69 in pre-market trading.</li>
</ul>
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<li><a href="https://www.benzinga.com/24/12/42669200/wall-streets-most-accurate-analysts-give-their-take-on-3-utilities-stocks-with-over-4-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Utilities Stocks With Over 4% Dividend Yields</a></li>
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MicroStrategy, Portland General Electric And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

As of Nov. 29, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">SunCoke Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>)</h3>
<ul>
<li>On Oct. 31, SunCoke Energy reported better-than-expected third-quarter financial results. &#8220;Our domestic coke fleet continued running at full capacity this quarter, and our logistics segment again delivered strong results,&#8221; said Katherine Gates, President and CEO of SunCoke Energy, Inc. The company's stock gained around 44% over the past month and has a <a href="https://www.benzinga.com/quote/SXC">52-week high of $12.82</a>.</li>
<li>RSI Value: 70.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>SXC Price Action: Shares of SunCoke Energy gained 1.5% to close at $12.48 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Silgan Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLGN#NYSE">SLGN</a>)</h3>
<ul>
<li>On Oct. 30, Silgan Hldgs posted downbeat quarterly results. &#8220;Our third quarter results continued to benefit from the success of our long-term strategic growth initiatives, the power of the Silgan portfolio and the strength and agility of our operating teams,&#8221; said Adam Greenlee, President and CEO. The company's stock gained around 12% over the past month and <a href="https://www.benzinga.com/quote/SLGN">has a 52-week high</a> of $58.14.</li>
<li>RSI Value: 74.88</li>
<li>SLGN Price Action: Shares of Silgan gained 0.5% to close at $57.45 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Packaging Corp Of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>)</h3>
<ul>
<li>On Oct. 22, Packaging Corp of America posted upbeat quarterly earnings. The company's stock gained around 9% over the past month and has a <a href="https://www.benzinga.com/quote/PKG">52-week high</a> of $250.82.</li>
<li>RSI Value: 73.19</li>
<li>PKG Price Action: Shares of Packaging Corp fell 0.4% to close at $247.03 on Wednesday.</li>
</ul>
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</ul>

Top 3 Materials Stocks That May Keep You Up At Night This Quarter

Benchmark analyst Nathan Martin reiterates SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) with a Buy and maintains $13 price target.

Price Target

Reiteration

Analyst Ratings

Benchmark Reiterates Buy on SunCoke Energy, Maintains $13 Price Target

SunCoke Energy shares are trading higher after the company reported better-than-expected Q3 financial results.

SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.22 by 63.64 percent. This is a 350 percent increase over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $490.10 million which beat the analyst consensus estimate of $409.95 million by 19.55 percent. This is a 5.82 percent decrease over sales of $520.40 million the same period last year.

SunCoke Energy Q3 EPS $0.36 Beats $0.22 Estimate, Sales $490.10M Beat $409.95M Estimate

SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect SunCoke Energy to report an earnings per share (EPS) of $0.22.
Investors in SunCoke Energy are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
The company's EPS beat by $0.04 in the last quarter, leading to a 11.37% drop in the share price on the following day.
Here's a look at SunCoke Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.21</td>
<td>0.21</td>
<td>0.13</td>
<td>0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.25</td>
<td>0.23</td>
<td>0.16</td>
<td>0.08</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-11.0%</td>
<td>3.0%</td>
<td>6.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730311348_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/SXC/earnings">To track all earnings releases for SunCoke Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of SunCoke Energy's Earnings

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
<h3 class="wp-block-heading">SunCoke Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>)</h3>
<ul>
<li>Dividend Yield: 5.65%</li>
<li>Benchmark analyst Nathan Martin reiterated a Buy rating with a price target of $12 on May 2. This analyst has an accuracy rate of 65%.</li>
<li>B. Riley Securities analyst Lucas Pipes downgraded the stock from Buy to Neutral and cut the price target from $12 to $11 on Aug. 3, 2023. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: On July 31, SunCoke Energy posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1">latest SXC news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="820" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10072934/image-72.png" alt="" class="wp-image-589236" style="width:682px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10072934/image-72.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10072934/image-72-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10072934/image-72-768x701.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
<h3 class="wp-block-heading">Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>)</h3>
<ul>
<li>Dividend Yield: 5.24%</li>
<li>JP Morgan analyst Jeffrey Zekauskas maintained an Overweight rating and slashed the price target from $60 to $55 on Sept. 13. This analyst has an accuracy rate of 72%.</li>
<li>Fermium Research analyst Frank Mitsch maintained a Hold rating and cut the price target from $60 to $54 on Sept. 12. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Sept. 12, Dow updated its third-quarter revenue and EBITDA outlook, citing an unplanned event at a Texas ethylene cracker and greater input costs and margin compression in Europe.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1">latest DOW news.</a></li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/1fbaa4f3-4fd4-4c79-89e5-65dcb03fc975" alt="" style="width:654px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>)</h3>
<ul>
<li>Dividend Yield: 4.26%</li>
<li>CIBC analyst Hamir Patel maintained a Neutral rating and lowered the price target from $10 to $8.5 on Aug. 13. This analyst has an accuracy rate of 60%.</li>
<li>RBC Capital analyst Matthew McKellar maintained a Sector Perform rating and cut the price target from $10 to $8 on Aug. 12. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On Sept. 25, Mercer announced downtime at its Peace River Mill.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1">trend in MERC stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="931" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10073039/image-74.png" alt="" class="wp-image-589240" style="width:679px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10073039/image-74.png 931w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10073039/image-74-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10073039/image-74-768x695.png 768w" sizes="(max-width: 931px) 100vw, 931px" /></a></figure>
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Dividends

MERC

Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

SunCoke Energy Increased Cash Dividend Of $0.12 Per Share, Representing A 20% Increase Over The Regular Quarterly Cash Dividend Of $0.10 Per Share

SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.21 by 19.05 percent. This is a 4.17 percent increase over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $470.90 million which beat the analyst consensus estimate of $410.35 million by 14.76 percent. This is a 11.88 percent decrease over sales of $534.40 million the same period last year.

SunCoke Energy Q2 EPS $0.25 Beats $0.21 Estimate, Sales $470.90M Beat $410.35M Estimate

As of July 19, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Sherwin-Williams Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>)</h3>
<ul>
<li>On July 17, Sherwin-Williams declared a dividend of 71.5 cents per common share. The company's stock gained around 8% over the past month and has a <a href="https://www.benzinga.com/quote/SHW">52-week high of $348.37</a>.</li>
<li>RSI Value: 70.23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>SHW Price Action: Shares of Sherwin-Williams fell 0.1% to close at $325.46 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">SunCoke Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>)</h3>
<ul>
<li>SunCoke Energy will release its second quarter financial results on Wednesday, July 31, before the opening bell. The company's stock gained around 13% over the past month and <a href="https://www.benzinga.com/quote/SXC">has a 52-week high</a> of $11.48.</li>
<li>RSI Value: 70.69</li>
<li>SXC Price Action: Shares of SunCoke Energy gained 0.2% to close at $11.01 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">James Hardie Industries plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>)</h3>
<ul>
<li>On May 20, James Hardie Industries reported worse-than-expected fourth-quarter financial results. James Hardie CEO Aaron Erter said, &#8220;Our team&#8217;s focus remains simple: working safely, partnering with our customers, managing decisively, and controlling what we can control. This focus has enabled us to deliver a strong fourth quarter and fiscal year for Adjusted Net Income.&#8221; The company's stock gained around 13% over the past month and has a <a href="https://www.benzinga.com/quote/JHX">52-week high</a> of $41.98.</li>
<li>RSI Value: 70.37</li>
<li>JHX Price Action: Shares of James Hardie gained 0.6% to close at $35.55 on Thursday.</li>
</ul>
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Top 3 Materials Stocks That May Implode This Month

Benchmark analyst Nathan Martin reiterates SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) with a Buy and maintains $12 price target.

Benchmark Reiterates Buy on SunCoke Energy, Maintains $12 Price Target

2024&nbsp;OUTLOOK
Our 2024&nbsp;guidance&nbsp;is as follows:
<ul>
<li>Domestic Coke total production is expected to be approximately 4.1 million tons</li>
<li>Consolidated Net Income is expected to be between&nbsp;$67 million&nbsp;and&nbsp;$84 million</li>
<li>Consolidated Adjusted EBITDA is expected be between&nbsp;$240 million&nbsp;and&nbsp;$255 million</li>
<li>Capital expenditures are projected to be between&nbsp;$75 million&nbsp;and&nbsp;$80 million</li>
<li>Operating cash flow is estimated to be between&nbsp;$185 million&nbsp;to&nbsp;$200 million</li>
<li>Cash taxes are projected to be between&nbsp;$20 million&nbsp;to&nbsp;$25 million</li>
</ul>

SunCoke Energy Expects 2024 Net Income $67M-$84M, Capex $95M, Operating Cash Flow $75M-$80M, Adj. EBITDA Of $240M-$255M, Domestic Coke Total Production Of ~4.1M Tons

Press Releases

SunCoke Energy, Inc. Announces Third Quarter 2024 Earnings Date

SunCoke Energy, Inc. Declares Cash Dividend

SunCoke Energy, Inc. Reports Third Quarter 2024 Results

SunCoke Energy, Inc. Announces Fourth Quarter 2024 Earnings Date

SunCoke Energy, Inc. Announces 2024 Results and Provides Full-Year 2025 Guidance

SunCoke Energy, Inc. Announces First Quarter 2025 Earnings Date

SunCoke Energy, Inc. Reports First Quarter 2025 Results

SunCoke Energy, Inc. Enters Into Definitive Agreement to Acquire Phoenix Global

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