Ultime notizie per SunCoke Energy (NYSE:SXC) Azioni

SunCoke Energy

SunCoke Energy Inc operates as an independent producer of coke in the Americas. 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.

SunCoke Energy Inc

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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News

Dividends

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

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.

Earnings

Earnings Beats

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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Short Ideas

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.

Reiteration

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>

Guidance

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

SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.21 by 9.52 percent. This is a 21.05 percent increase over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $488.400 million which beat the analyst consensus estimate of $457.850 million by 6.67 percent. This is a 0.12 percent increase over sales of $487.800 million the same period last year.

SunCoke Energy Q1 2024 GAAP EPS $0.23 Beats $0.21 Estimate, Sales $488.400M Beat $457.850M Estimate

<a href="https://www.reuters.com/world/us/baltimore-port-closure-could-dent-us-coal-export-volumes-eia-says-2024-03-28/#:~:text=March%2028%20(Reuters)%20%2D%20Halted,(EIA)%20said%20on%20Thursday.">https://www.reuters.com/world/us/baltimore-port-closure-could-dent-us-coal-export-volumes-eia-says-2024-03-28/#:~:text=March%2028%20(Reuters)%20%2D%20Halted,(EIA)%20said%20on%20Thursday.</a>
&nbsp;
Halted shipping traffic from the Port of Baltimore, the second-largest U.S. hub for coal exports, will slow the growth in U.S. coal exports and reduce bunker fuel use, the Energy Information Administration (EIA) said on Thursday.
<a href="https://www.reuters.com/markets/commodities/baltimore-bridge-collapse-halts-coal-shipments-2024-03-26/">Coal exports</a> from the busy U.S. port have been disrupted following the collapse of Baltimore's <a href="https://www.reuters.com/world/us/divers-search-baltimore-harbor-six-presumed-dead-bridge-collapse-2024-03-27/">Francis Scott Key Bridge</a> which was struck by a massive cargo ship early Tuesday morning.
"Since the port is a major transit point for freight and bulk vessels, we expect bunker fuel consumption to decrease," the EIA added.
Baltimore handled exports of 28 million short tons last year, making up 28% of total U.S. coal exports and second only to the Hampton Roads port in Norfolk, Virginia, according to census data.
"An attractive feature of the Port of Baltimore is its proximity to the northern Appalachia coal fields in western Pennsylvania and northern West Virginia," the EIA said.
"Other nearby ports, most notably Hampton Roads, have additional capacity to export coal, although factors including coal quality, pricing, and scheduling will affect how easily companies can switch to exporting from another port."
About 19 million short tons of the exports in 2023 were steam coal, used to generate power and heat, and the remaining 9 million short tons were metallurgical coal, an ingredient in steelmaking.
&nbsp;
India was the top destination for steam coal over the last five years, where the brick manufacturing industry is a major customer, while metallurgical coal went to various Asian countries including Japan, China, and South Korea, the EIA said.
Baltimore also imported 3,000 barrels per day (bpd) of biodiesel in 2023, mostly from Central America and Western Europe, alongside 4,000 bpd of asphalt from Canada and 2,000 bpd of urea ammonium nitrate largely from Russia.
More widely used refined oil products are less affected, the EIA noted.

Macro Economic Events

Economics

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"EIA says Baltimore Port Closure Could Dent U.S. Coal Export Volumes" - Reuters News

Top Stories for Feb. 23, 2024:
1. BTIG analyst Gregory Lewis downgraded Piedmont Lithium (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pll#NASDAQ">PLL</a>) <a href="https://www.benzinga.com/quote/PLL/analyst-ratings">from Buy to Neutral</a> following its fourth-quarter and full-year 2023 financial results.
Piedmont Lithium&#39;s 2023 results included $39.8 million in revenue from 43.2k dry metric tons of spodumene concentrate sales, $5.7 million gross profit and a ramp-up at NAL with cost and production improvements anticipated in 2024.
Shipments are expected to transition to multi-year contracts and it is advancing permits in Ghana and North Carolina.
Piedmont ended 2023 with $71.7 million cash and $49.1 million from Q1 2024 share sales of Sayona Mining (ASX: SYA).
2. The Board of Directors of ATI Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ati#NYSE">ATI</a>) elected Chief Operating Officer Kimberly A. Fields as President and CEO, effective July 1, 2024.
Former CEO Robert S. Wetherbee commented, &ldquo;ATI is well-positioned, on a clear path to $5 billion in revenue and $1 billion in EBITDA by 2027. We have the capabilities, and the team is aligned to deliver.... Kim is ready to lead this organization. Her demonstrated operational and commercial success makes her proven to perform. As ATI&#39;s next CEO, Kim will further accelerate our growth and value creation.&quot;
3. SunCoke Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxc#NYSE">SXC</a>) announced the upcoming retirement of CEO Michael G. Rippey on May 15, 2024.
Katherine T. Gates will replace him as CEO, while retaining her role as president and continuing as a Board member. Post-retirement, Rippey will serve as an advisor to the company.
4. Olympic Steel (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zeus#NASDAQ">ZEUS</a>) announced fourth-quarter and full-year 2023 financial results.
The company&rsquo;s Pipe and Tube segment reported its second most profitable year and it increased its quarterly dividend by 20% from $0.125 to $0.15 per share.
Fourth-quarter net income was $7.4 million ($0.64 per share) with $16.7 million adjusted EBITDA and $489 million in sales.
Full-year net income stood at $44.5 million ($3.85 per share), with $97.6 million adjusted EBITDA and $2.2 billion in sales, including $8.3 million LIFO pre-tax income and $5.7 million in acquisition charges. This compares to the previous year&#39;s $90.9 million net income, $152 million adjusted EBITDA and $2.6 billion in sales.
Chief Executive Officer Richard T. Marabito commented, &quot;For the second year in a row, we withstood a hot-rolled carbon steel index pricing decline of more than 45% during the year&hellip;. Our Pipe and Tube business delivered its second most profitable year ever, and our Carbon business showed its resiliency in navigating the pricing pressures of 2023. While Specialty Metals faced industry-wide stainless steel pricing headwinds, this segment contributed consistent positive EBITDA for both the fourth quarter and the full year.&quot;
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Photo: Shutterstock

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Analyst Downgrades Piedmont Lithium; ATI Names New CEO; SunCoke CEO Retires; Olympic Steel Releases Q4, Annual Results: Friday's Top Mining Stories

Management

SunCoke Energy Says Michael Rippey Intends To Retire As CEO And Member Of Board On May 15, 2024; Katherine Gates Named To Succeed  Rippey As CEO

Top Stories for Feb. 1, 2024:
1. ATI Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ati#NYSE">ATI</a>) announced fourth-quarter and full-year 2023 results.
ATI reported a 5% increase in Q4 sales to $1.06 billion and a 9% increase in annual sales to $4.17 billion, largely attributed to growth in the aerospace and defense sectors, which accounted for 63% of Q4 sales.
Q4 net income was $145.7 million (99 cents per share), and its annual net income was $410.8 million ($2.81 per share).
The company&#39;s operating cash flow for the year was $85.9 million, including significant pension contributions, adjusted EBITDA was $160.7 million and full-year free cash flow totaled $164.7 million.
Board Chair and CEO Robert S. Wetherbee said, &ldquo;ATI delivered a strong finish to 2023, with the highest quarterly revenue of the year&hellip;. Full year sales grew by 9% over 2022 as demand for our differentiated materials accelerates. We made significant progress toward our strategy of aerospace and defense leadership, reaching 63% of total sales from those markets in the fourth quarter, up 10 percentage points over last year. We&#39;re rapidly progressing toward our goal of 65%.&rdquo;
2. Suncoke Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxc#NYSE">SXC</a>) announced its 2023 results.
The company reported net income of $57.5 million ($0.68 per share) for the year and $13.8 million ($0.16 per share) for Q4.
Its full-year 2023 Adjusted EBITDA was $268.8 million, with Q4 at $62.3 million and operating cash flow for 2023 of $249.0 million. Suncoke also increased its dividend by 25%.
SunCoke President Katherine Gates said, &quot;In 2023, the SunCoke team successfully navigated through challenging market conditions and proved our operational capability, with strong Domestic Coke performance driving solid results.... We are pleased with the progress we made on our capital allocation goals in 2023, notably reducing gross debt by approximately $44 million and increasing our quarterly dividend by 25%. We continued to advance our foundry business by completing the foundry coke expansion project and expanding our market participation.&quot;
&quot;Additionally, the extension of our Indiana Harbor coke contract with Cleveland-Cliffs for an additional 12 years positions our largest coke plant favorably for the future&hellip;. We expect 2024 consolidated Adjusted EBITDA to be between $240 million and $255 million, with our Domestic Coke segment continuing to operate at full capacity, while our Logistics segment is impacted by weakness in the thermal coal markets impacting volumes as well as pricing,&quot; she noted.
3. Alcoa Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aa#NYSE">AA</a>) announced it will supply Nexans with low-carbon aluminum rod that incorporates its ELYSIS technology.
This process eliminates all direct greenhouse gas emissions traditionally associated with aluminum smelting, instead emitting oxygen.
Nexans will be the first global cable manufacturer to use aluminum from the ELYSIS process, which significantly lowers CO2 emissions.
Executive Vice President and Chief Commercial Officer Renato Bacchi said, &ldquo;Alcoa is well positioned to supply low carbon aluminum for the world&rsquo;s transition to renewable energy, as we know that the true impact of decarbonization will also include the choice of materials used to build the infrastructure for generation, transmission and distribution networks. While we are developing ELYSIS&trade; for the future, we are also supplying low-carbon aluminum today with our EcoLum&trade; metal, which can help customers meet their own sustainability goals and lower their carbon footprints.&rdquo;
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ATI Inc And SunCoke Energy Report 2023 Results; Alcoa Corporation Partners With Nexans

SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.13 by 23.08 percent. This is a 14.29 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $520.60 million which beat the analyst consensus estimate of $403.05 million by 29.17 percent. This is a 1.28 percent increase over sales of $514.00 million the same period last year.

SunCoke Energy Q4 EPS $0.16 Beats $0.13 Estimate, Sales $520.60M Beat $403.05M Estimate

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Earnings Scheduled For February 1, 2024

SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here's what investors need to know before the announcement.
Analysts estimate that SunCoke Energy will report an earnings per share (EPS) of $0.13. 
SunCoke Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.10, which was followed by a 1.68% increase in the share price the next day.
Here's a look at SunCoke Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.18</td>
<td>0.19</td>
<td>0.18</td>
<td>0.13</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.24</td>
<td>0.19</td>
<td>0.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.68%</td>
<td>-0.81%</td>
<td>3.77%</td>
<td>1.88%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706727718_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of SunCoke Energy were trading at $10.38 as of January 30. Over the last 52-week period, shares are up 14.18%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<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.

Preview: SunCoke Energy's Earnings

<h3>Gainers</h3>
<ul>
<li>Cellectis S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clls#NASDAQ">CLLS</a>) shares jumped 136% to $2.2799. Cellectis reported strategic collaboration and investment agreements with AstraZeneca. Cellectis also presented pre-clinical data on multi-armored allogeneic MUC1-CAR T-cells targeting triple-negative breast cancer at the Society for Immunotherapy of Cancer 38th Annual Meeting.</li>
<li>Patriot Transportation Holding, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pati#NASDAQ">PATI</a>) climbed 104.8% to $15.73. Patriot Transportation announced an agreement under which United Petroleum Transports will acquire all of the outstanding shares of Patriot common stock for $16.26 per share in cash.</li>
<li>Aldeyra Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aldx#NASDAQ">ALDX</a>) gained 33% to $2.2780. Aldeyra Therapeutics entered into an exclusive option agreement with AbbVie Inc.</li>
<li>ShiftPixy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pixy#NASDAQ">PIXY</a>) climbed 30% to $6.82.</li>
<li>Monopar Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnpr#NASDAQ">MNPR</a>) shares rose 29% to $0.5782. Monopar presented data showing tumor reduction benefit of camsirubicin from ongoing Phase 1b in patients with advanced soft tissue sarcoma at the 2023 Connective Tissue Oncology Society Annual Meeting.</li>
<li>TG Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgtx#NASDAQ">TGTX</a>) climbed 26.8% to $9.80 following third-quarter results.</li>
<li>MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) gained 25% to $3.08. On Monday, the company announced that it is in compliance with all applicable Nasdaq listing standards.</li>
<li>ZyVersa Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zvsa#NASDAQ">ZVSA</a>) climbed 20% to $0.0984. ZyVersa Therapeutics announced publication in molecular neurobiology reinforcing data demonstrating that inflammasome ASC inhibitor IC 100 attenuates the inflammatory response causing neuronal damage in multiple sclerosis model.</li>
<li>EUDA Health Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/euda#NASDAQ">EUDA</a>) rose 18.6% to $1.02.</li>
<li>GDEV Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdev#NASDAQ">GDEV</a>) shares gained 16.2% to $2.35 after falling 11% on Tuesday.</li>
<li>Maison Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mss#NASDAQ">MSS</a>) climbed 14.5% to $6.31.</li>
<li>Generac Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gnrc#NYSE">GNRC</a>) gained 13.7% to $95.60 following upbeat earnings.</li>
<li>Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>) gained 13.5% to $35.04 following quarterly results.</li>
<li>Davis Commodities Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtck#NASDAQ">DTCK</a>) rose 13.4% to $4.1850.</li>
<li>Newmark Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmrk#NASDAQ">NMRK</a>) gained 13.4% to $6.44 following strong quarterly results.</li>
<li>The Scotts Miracle-Gro Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>) rose 11.8% to $49.70 following upbeat results.</li>
<li>Mercurity Fintech Holding Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mfh#NYSE">MFH</a>) surged 11.4% to $0.9950.</li>
<li>Garmin Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/grmn#NYSE">GRMN</a>) gained 10.4% to $113.16 after the company posted upbeat third-quarter results and raised FY23 guidance.</li>
<li>Frontdoor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftdr#NASDAQ">FTDR</a>) climbed 10.2% to $31.89 following strong results.</li>
<li>Assurant, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aiz#NYSE">AIZ</a>) rose 10.2% to $164.09 following third quarter results.</li>
<li>Sientra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sien#NASDAQ">SIEN</a>) shares climbed 10.1% to $0.7049. Sientra shares fell 56% on Tuesday after the company withdrew its FY23 guidance and reported interim third-quarter financial results.</li>
<li>Apollo Global Management, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apo#NYSE">APO</a>) gained 10% to $85.17 after reporting third-quarter results.</li>
<li>Plus Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pstv#NASDAQ">PSTV</a>) shares rose 9% to $1.34 after the company reported third-quarter financial results and announced a share repurchase program.</li>
<li>The Chefs&#39; Warehouse, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chef#NASDAQ">CHEF</a>) gained 9% to $20.74 following strong sales.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>WeWork Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/we#NYSE">WE</a>) shares dipped 51.5% to $1.1050 following reports that the company is nearing bankruptcy.</li>
<li>CohBar, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwbr#NASDAQ">CWBR</a>) fell 48.2% to $0.91. CohBar said on Nov. 1, it got termination notice from Morphogenesis, effective Nov. 1 and merger agreement was terminated in accordance with terms.</li>
<li>IRIDEX Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/irix#NASDAQ">IRIX</a>) fell 44.2% to $1.83. Iridex has withdrawn its previously announced annual guidance for 2023 and plans to provide additional information during its third-quarter earnings release based on the information available at that time.</li>
<li>Tempo Automation Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmpo#NASDAQ">TMPO</a>) shares fell 37.8% to $0.0516 after dipping 30% on Tuesday.</li>
<li>Paycom Software, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) fell 37.2% to $153.96. Paycom Software reported worse-than-expected third-quarter sales results and issued FY23 revenue guidance below estimates.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktra#NASDAQ">KTRA</a>) fell 30% to $0.5205.</li>
<li>MasTec, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtz#NYSE">MTZ</a>) fell 23.2% to $45.63 following weak sales.</li>
<li>Lumen Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lumn#NYSE">LUMN</a>) dipped 23.2% to $1.1200 following weak earnings.</li>
<li>Astec Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aste#NASDAQ">ASTE</a>) declined 21.6% to $31.40 following downbeat results.</li>
<li>Motus GI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mots#NASDAQ">MOTS</a>) fell 22% to $0.4678. Motus GI said 1-for-15 reverse stock split, will begin trading on split-adjusted basis Nov. 2.</li>
<li>The Est&eacute;e Lauder Companies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/el#NYSE">EL</a>) dipped 20.5% to $102.35 following its first quarter results and lackluster outlook.</li>
<li>G1 Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gthx#NASDAQ">GTHX</a>) fell 18.8% to $1.3397 following weak results.</li>
<li>Tonix Pharmaceuticals Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tnxp#NASDAQ">TNXP</a>) shares fell 18.2% to $0.4825 after the company reported topline results from Phase 2 proof-of-concept study of TNX-601 ER for the treatment of major depressive disorder.</li>
<li>Conduent Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cndt#NASDAQ">CNDT</a>) dropped 17% to $2.6490 following weak earnings.</li>
<li>Yum China Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yumc#NYSE">YUMC</a>) shares fell 16.9% to $43.67 after the company reported worse-than-expected financial results for its third quarter.</li>
<li>Match Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtch#NASDAQ">MTCH</a>) declined 16.2% to $29.00 after reporting third-quarter results and issuing fourth-quarter guidance.</li>
<li>Big 5 Sporting Goods Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgfv#NASDAQ">BGFV</a>) shares fell 14.6% to $6.02 after the company reported weaker-than-expected results for its third quarter.</li>
<li>Extreme Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/extr#NASDAQ">EXTR</a>) dipped 14.6% to $17.62 after the company reported first-quarter financial results and issued second-quarter guidance below estimates.</li>
<li>Bally&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baly#NYSE">BALY</a>) fell 14.4% to $7.81 following downbeat results.</li>
<li>Silicon Laboratories Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slab#NASDAQ">SLAB</a>) fell 14.2% to $79.13 after the company reported third quarter financial results and issued fourth-quarter guidance.</li>
<li>Fresh Del Monte Produce Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdp#NYSE">FDP</a>) declined 13.3% to $21.67 following downbeat results.</li>
<li>Puyi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/puyi#NASDAQ">PUYI</a>) fell 12.7% to $6.29.</li>
<li>TPG RE Finance Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trtx#NYSE">TRTX</a>) declined 12.3% to $4.83 following weak results.</li>
<li>SunCoke Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxc#NYSE">SXC</a>) fell 11.7% to $8.40 following third-quarter results.</li>
<li>Paylocity Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcty#NASDAQ">PCTY</a>) dropped 10% to $161.41.</li>
<li>Canada Goose Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/goos#NYSE">GOOS</a>) dipped 10% to $9.99 following quarterly results.</li>
<li>SiteOne Landscape Supply, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/site#NYSE">SITE</a>) fell 9.7% to $124.32 following weak earnings.</li>
<li>Unum Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unm#NYSE">UNM</a>) fell 8.3% to $44.82 following weak sales.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) fell 7.8% to $3.9350 following quarterly results.</li>
<li>BAIYU Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/byu#NASDAQ">BYU</a>) fell 7.7% to $1.9201 after dipping 19% on Tuesday.</li>
<li>Synaptics Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syna#NASDAQ">SYNA</a>) fell 7% to $77.90.</li>
</ul>
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Why Extreme Networks Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

WIIM

SunCoke Energy shares are trading lower after the company lowered its FY23 net income guidance.

2023 OUTLOOK
Our 2023 guidance is as follows:
<ul>
<li>Domestic Coke total production is expected to be approximately 4.0 million tons</li>
<li>Consolidated Net Income is expected to be between&nbsp;$49 million&nbsp;and&nbsp;$68 million</li>
<li>Consolidated Adjusted EBITDA is expected be on the high end of&nbsp;$250 million&nbsp;and&nbsp;$265 million</li>
<li>Capital expenditures are projected to be approximately&nbsp;$95 million(1)</li>
<li>Operating cash flow is estimated to be between&nbsp;$200 million&nbsp;to&nbsp;$215 million</li>
<li>Cash taxes are projected to be between&nbsp;$12 million&nbsp;to&nbsp;$16 million</li>
</ul>

SunCoke Energy Expects FY23 Net Income $49M-$68M (Prior $59M-$76M), Capex $95M, Operating Cash Flow $200M-$215M, Adj EBITDA on High End of $250M-$265M, Domestic Coke 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 $0.08 per share which missed the analyst consensus estimate of $0.18 by 55.56 percent. This is a 83.67 percent decrease over earnings of $0.49 per share from the same period last year. The company reported quarterly sales of $520.40 million which beat the analyst consensus estimate of $382.70 million by 35.98 percent. This is a 0.70 percent increase over sales of $516.80 million the same period last year.

SunCoke Energy Q3 EPS $0.08 Vs $0.49 YoY, Sales $520.40M Beat $382.70M Estimate

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Earnings Scheduled For November 1, 2023

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