Stepan Stock (NYSE:SCL), Trade Ideas

Stepan

Stepan Co manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. The surfactants segment, which generates the majority of revenue, sells cleaning agents used in detergents, shampoos, body wash, fabric softeners, toothpastes, and other personal-care products. Surfactants are chemical agents that affect the interaction between two surfaces. The polymers segment sells polyurethane used to manufacture rigid foam for thermal insulation, as well as phthalic anhydride used to make plastic components for the construction, automotive, and boating industries. The specialty products segment sells chemicals used in food and flavoring. Majority of Stepan's revenue comes from the United States.

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Stepan Company (NYSE: SCL) is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 20, 2024.

How To Earn $500 A Month From Stepan Stock Ahead Of Q4 Earnings Results

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As of Dec. 8, 2023, five stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Materials Stocks That May Crash This Quarter

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General

Stepan Company (NYSE: SCL) reported a third-quarter FY23 sales decrease of 22% year-on-year, to $562.226 million, missing the analyst consensus of $603.72 million 

Stepan Company Q3: Earnings Miss, Lower Sales Volume, Dividend Hike &amp; More

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It was reported on March 12, that F. Quinn Stepan, Jr., Board Member at Stepan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCL#NYSE">SCL</a>) executed a significant insider sell, according to an SEC filing.
What Happened: After conducting a thorough analysis, Jr. sold 2,000 shares of Stepan. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000094049/000112760224009536//Archives/edgar/data/94049/000112760224009536/0001127602-24-009536-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total transaction value is $174,854.
The latest market snapshot at Tuesday morning reveals Stepan shares down by 0.0%, trading at $88.75.
<h3>Get to Know Stepan Better</h3>
Stepan Co manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. The surfactants segment, which generates the majority of revenue, sells cleaning agents used in detergents, shampoos, body wash, fabric softeners, toothpastes, and other personal-care products. Surfactants are chemical agents that affect the interaction between two surfaces. The polymers segment sells polyurethane used to manufacture rigid foam for thermal insulation, as well as phthalic anhydride used to make plastic components for the construction, automotive, and boating industries. The specialty products segment sells chemicals used in food and flavoring. Majority of Stepan's revenue comes from the United States.
<h3>Stepan: Financial Performance Dissected</h3>
Revenue Growth: Stepan's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -15.15%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 12.48%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Stepan's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.05.
</li>
</ul>
Debt Management: Stepan's debt-to-equity ratio is below the industry average. With a ratio of 0.59, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 50.71, Stepan's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.88, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 15.14, Stepan presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000094049">Check Out The Full List Of Stepan's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Stepan Insider Trades Send A Signal

Wednesday marks the last chance for investors to receive the next dividend payout from Stepan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCL#NYSE">SCL</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 37.5 cents per share. On Thursday, Stepan will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 37.5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own SCL as of the end of Wednesday's session are eligible to receive the 37.5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 15, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Stepan <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Wednesday Is Your Last Chance To Buy Stepan Before The Dividend Payout

Stepan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCL#NYSE">SCL</a>) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.37 by 10.81 percent. This is a 44.07 percent decrease over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $532.13 million which missed the analyst consensus estimate of $534.52 million by 0.45 percent. This is a 15.15 percent decrease over sales of $627.18 million the same period last year.

Stepan Q4 Adj, EPS $0.33 Misses $0.37 Estimate, Sales $532.13M Miss $534.52M Estimate

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Earnings Scheduled For February 20, 2024

Stepan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCL#NYSE">SCL</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement.
Analysts estimate that Stepan will report an earnings per share (EPS) of $0.37. 
Stepan 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>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.11, which was followed by a 1.63% increase in the share price the next day.
Here's a look at Stepan'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>0.75</td>
<td>1.17</td>
<td>0.94</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.64</td>
<td>0.53</td>
<td>0.71</td>
<td>0.59</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.63%</td>
<td>-0.61%</td>
<td>-1.4%</td>
<td>2.68%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708362048_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Stepan were trading at $93.35 as of February 15. Over the last 52-week period, shares are down 10.96%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SCL/earnings">To track all earnings releases for Stepan visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Stepan Earnings Preview

Stepan Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scl#NYSE">SCL</a>) is expected to release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/quote/SCL/earnings">opening bell on Feb. 20, 2024.</a>
Analysts expect the Northbrook, Illinois-based company to report quarterly earnings at 37 cents per share, down from year-ago earnings of 59 cents per share. Stepan is projected to post revenue of $534.53 billion for the latest quarter, compared to $627.18 million in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Stepan recently announced the appointment of Susan M. Lewis as a director, effective on Feb. 15.
During October, the company reported a third-quarter FY23 sales decrease of 22% year-on-year, to $562.226 million, missing the analyst consensus of $603.72 million owing to <a href="https://www.benzinga.com/news/earnings/23/10/35306559/stepan-company-q3-earnings-miss-lower-sales-volume-dividend-hike-more">lower selling prices</a>.
With the recent buzz around Stepan, some investors may be eyeing potential gains from the company&rsquo;s dividends. As of now, Stepan has a dividend yield of 1.68%, which is a quarterly dividend amount of 37.50 cents a share ($1.50 a year).
To figure out how to earn $500 monthly from Stepan dividends, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Stepan&rsquo;s $1.50 dividend: $6,000 / $1.50 = 4,000 shares
So, an investor would need to own approximately $373,400 worth of Stepan, or 4,000 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.50 = 800 shares, or $74,680 to generate a monthly dividend income of $100.
Also Read: <a href="https://www.benzinga.com/news/24/01/36609835/top-4-tech-and-telecom-stocks-that-may-crash-in-january"> Top 4 Tech And Telecom Stocks That May Crash In January </a>
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
SCL Price Action: Shares of Stepan gained 4.4% to close at $93.35 on Thursday.
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As of Dec. 8, 2023, five 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&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;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&rsquo;s the latest list of major overbought players in this sector.
<h3>Ranpak Holdings Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pack#NYSE">PACK</a>)</h3>
<ul>
<li>On Oct. 31, Ranpak Hldgs posted a narrower-than-expected third-quarter loss. &quot;We are pleased to report continued improvement in our operating and financial profile as volumes increased year over year and we continue to see gross margin expansion,&quot; said Omar M. Asali, Chairman and Chief Executive of Ranpak. The company&rsquo;s stock jumped around 51% over the past month and has a <a href="https://www.benzinga.com/quote/PACK">52-week high of $8.24 </a>.</li>
<li>RSI Value: 71.40</li>
<li>PACK Price Action: Shares of Ranpak Holdings gained 7% to close at $4.61 on Thursday.</li>
</ul>
<h3>Stepan Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scl#NYSE">SCL</a>)</h3>
<ul>
<li>On Oct. 18, Stepan reported a third-quarter FY23 sales decrease of 22% year-on-year, to $562.226 million. &quot;Specific to the third quarter, Surfactant unit margins were lower versus the prior year due to less favorable product mix, high-cost raw material inventory carryover, and pricing pressure in Latin America from imported products. Specialty Product unit margins were significantly lower due to high-cost inventory and pricing pressure related to increased MCT import activity,&quot; said Scott Behrens, President and Chief Executive Officer. The company&rsquo;s stock gained around 17% over the past month and <a href="https://www.benzinga.com/quote/SCL"> has a 52-week high </a> of $114.97.</li>
<li>RSI Value: 82.17</li>
<li>SCL Price Action: Shares of Stepan gained 4.2% to close at $89.34 on Thursday.</li>
</ul>
<h3>Orion S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oec#NYSE">OEC</a>)</h3>
<ul>
<li>On Nov. 2, Orion Engineered Carbons posted upbeat quarterly earnings. &quot;I am pleased to announce that we delivered $77 million of Adjusted EBITDA this quarter in the face of weak demand in many of our key markets. In addition, for the nine months, we achieved record adjusted diluted earnings per share up $0.06, to $1.76 from prior year,&quot; said Corning Painter, Orion&rsquo;s chief executive officer. The company&rsquo;s stock jumped around 22% over the past month and has a <a href="https://www.benzinga.com/quote/OEC"> 52-week high </a> of $26.91.</li>
<li>RSI Value: 81.81</li>
<li>OEC Price Action: Shares of Orion gained 4% to close at $25.78 on Thursday.</li>
</ul>
<h3>Ferroglobe PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gsm#NASDAQ">GSM</a>)</h3>
<ul>
<li>On Nov. 7, Ferroglobe posted better-than-expected third-quarter earnings. &ldquo;The company continued to perform well in a difficult market environment,&rdquo; commented Dr. Marco Levi, Ferroglobe&rsquo;s Chief Executive Officer. The company&rsquo;s stock gained around 30% over the past month and has a 52-week high is $6.24.</li>
<li>RSI Value: 75.06</li>
<li>GSM Price Action: Shares of Ferroglobe gained 1.7% to close at $6.11 on Thursday.</li>
</ul>
<h3>H.B. Fuller Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ful#NYSE">FUL</a>)</h3>
<ul>
<li>On Sept. 27, H.B. Fuller posted weaker-than-expected quarterly earnings. &quot;In the third quarter we successfully drove a double-digit increase in adjusted EBITDA year-on-year and increased adjusted EBITDA margin meaningfully, demonstrating the strength of our business model and ability to increase profitability regardless of market conditions,&quot; said Celeste Mastin, H.B. Fuller president and chief executive officer. The company&rsquo;s stock jumped around 12% over the past month and <a href="https://www.benzinga.com/quote/FUL"> has a 52-week high </a> of $80.29.</li>
<li>RSI Value: 75.80</li>
<li>FUL Price Action: Shares of H.B. Fuller gained 1.7% to close at $79.11 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/12/36127699/how-to-earn-500-a-month-from-campbell-soup-stock-following-upbeat-earnings"> How To Earn $500 A Month From Campbell Soup Stock Following Upbeat Earnings </a>

<h3>Upgrades</h3>
According to CL King, the prior rating for Stepan Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCL#NYSE">SCL</a>) was changed from Neutral to Buy. In the third quarter, Stepan showed an EPS of $0.64, compared to $2.01 from the year-ago quarter. NoneThe stock has a 52-week-high of $114.79 and a 52-week-low of $63.60. At the end of the last trading period, Stepan closed at $72.21. 
For Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Keybanc upgraded the previous rating of Sector Weight to Overweight. For the third quarter, Netflix had an EPS of $3.73, compared to year-ago quarter EPS of $3.10. NoneThe stock has a 52-week-high of $485.00 and a 52-week-low of $237.75. At the end of the last trading period, Netflix closed at $346.19. 
JP Morgan upgraded the previous rating for First Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) from Neutral to Overweight. For the second quarter, First Solar had an EPS of $1.89, compared to year-ago quarter EPS of $0.52. At the moment, the stock has a 52-week-high of $232.00 and a 52-week-low of $116.50. First Solar closed at $153.13 at the end of the last trading period. 
According to Goldman Sachs, the prior rating for Best Buy Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) was changed from Neutral to Buy. Best Buy Co earned $1.22 in the second quarter, compared to $1.54 in the year-ago quarter. NoneThe current stock performance of Best Buy Co shows a 52-week-high of $93.32 and a 52-week-low of $61.89. Moreover, at the end of the last trading period, the closing price was at $70.20. 
Jefferies upgraded the previous rating for CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from Hold to Buy. For the second quarter, CrowdStrike Holdings had an EPS of $0.74, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $190.36 and a 52-week-low of $92.25. At the end of the last trading period, CrowdStrike Holdings closed at $187.79. 
For Kontoor Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KTB#NYSE">KTB</a>), Goldman Sachs upgraded the previous rating of Neutral to Buy. For the second quarter, Kontoor Brands had an EPS of $0.77, compared to year-ago quarter EPS of $1.09. The stock has a 52-week-high of $53.83 and a 52-week-low of $33.52. At the end of the last trading period, Kontoor Brands closed at $45.89. 
Keefe, Bruyette &amp; Woods upgraded the previous rating for SoFi Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) from Underperform to Market Perform. SoFi Techs earned $0.06 in the second quarter, compared to $0.12 in the year-ago quarter. The current stock performance of SoFi Techs shows a 52-week-high of $11.70 and a 52-week-low of $4.25. Moreover, at the end of the last trading period, the closing price was at $7.77. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
<h3>Downgrades</h3>
Scotiabank downgraded the previous rating for Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Sector Outperform to Sector Perform. For the second quarter, Enphase Energy had an EPS of $1.47, compared to year-ago quarter EPS of $1.07. NoneAt the moment, the stock has a 52-week-high of $339.88 and a 52-week-low of $111.44. Enphase Energy closed at $123.84 at the end of the last trading period. 
Truist Securities downgraded the previous rating for Monarch Casino &amp; Resort Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) from Buy to Hold. In the third quarter, Monarch Casino &amp; Resort showed an EPS of $1.23, compared to $1.41 from the year-ago quarter. NoneAt the moment, the stock has a 52-week-high of $85.67 and a 52-week-low of $60.72. Monarch Casino &amp; Resort closed at $61.48 at the end of the last trading period. 
For Werner Enterprises Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WERN#NASDAQ">WERN</a>), B of A Securities downgraded the previous rating of Buy to Underperform. For the second quarter, Werner Enterprises had an EPS of $0.52, compared to year-ago quarter EPS of $0.87. NoneAt the moment, the stock has a 52-week-high of $50.31 and a 52-week-low of $35.84. Werner Enterprises closed at $37.90 at the end of the last trading period. 
B of A Securities downgraded the previous rating for Peloton Interactive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) from Neutral to Underperform. In the fourth quarter, Peloton Interactive showed an EPS of $0.68, compared to $1.32 from the year-ago quarter. NoneThe stock has a 52-week-high of $17.83 and a 52-week-low of $4.30. At the end of the last trading period, Peloton Interactive closed at $4.80. 
According to TD Cowen, the prior rating for Pioneer Natural Resources Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXD#NYSE">PXD</a>) was changed from Outperform to Market Perform. Pioneer Natural Resources earned $4.49 in the second quarter, compared to $9.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $274.42 and a 52-week-low of $177.26. Pioneer Natural Resources closed at $255.23 at the end of the last trading period. 
According to TD Cowen, the prior rating for Canada Goose Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOS#NYSE">GOOS</a>) was changed from Outperform to Market Perform. In the first quarter, Canada Goose Hldgs showed an EPS of $0.52, compared to $0.44 from the year-ago quarter. The stock has a 52-week-high of $24.73 and a 52-week-low of $12.66. At the end of the last trading period, Canada Goose Hldgs closed at $12.72. 
For DHT Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHT#NYSE">DHT</a>), Stifel downgraded the previous rating of Buy to Hold. In the second quarter, DHT Holdings showed an EPS of $0.35, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.13 and a 52-week-low of $7.30. DHT Holdings closed at $10.96 at the end of the last trading period. 
According to Goldman Sachs, the prior rating for Foot Locker Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) was changed from Neutral to Sell. Foot Locker earned $0.04 in the second quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.22 and a 52-week-low of $14.84. Foot Locker closed at $21.94 at the end of the last trading period. 
For MaxLinear Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NASDAQ">MXL</a>), Deutsche Bank downgraded the previous rating of Buy to Hold. MaxLinear earned $0.34 in the second quarter, compared to $1.11 in the year-ago quarter. The stock has a 52-week-high of $43.66 and a 52-week-low of $20.83. At the end of the last trading period, MaxLinear closed at $21.40. 
According to Morgan Stanley, the prior rating for Dada Nexus Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DADA#NASDAQ">DADA</a>) was changed from Overweight to Equal-Weight. Dada Nexus earned $0.00 in the second quarter, compared to $0.25 in the year-ago quarter. NoneAt the moment, the stock has a 52-week-high of $15.59 and a 52-week-low of $2.98. Dada Nexus closed at $4.04 at the end of the last trading period. 
According to TD Cowen, the prior rating for Generation Bio Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBIO#NASDAQ">GBIO</a>) was changed from Outperform to Market Perform. For the second quarter, Generation Bio had an EPS of $0.47, compared to year-ago quarter EPS of $0.66. The stock has a 52-week-high of $7.35 and a 52-week-low of $2.31. At the end of the last trading period, Generation Bio closed at $2.41. 
Wells Fargo downgraded the previous rating for Northern Trust Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) from Overweight to Equal-Weight. For the third quarter, Northern Trust had an EPS of $1.49, compared to year-ago quarter EPS of $1.80. NoneThe stock has a 52-week-high of $100.25 and a 52-week-low of $64.32. At the end of the last trading period, Northern Trust closed at $65.94. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
<h3>Initiations</h3>
Mizuho initiated coverage on Netstreit Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTST#NYSE">NTST</a>) with a Neutral rating. The price target for Netstreit is set to $15.00. For the second quarter, Netstreit had an EPS of $0.30, compared to year-ago quarter EPS of $0.28. The current stock performance of Netstreit shows a 52-week-high of $20.64 and a 52-week-low of $14.20. Moreover, at the end of the last trading period, the closing price was at $14.22. 
JMP Securities initiated coverage on Structure Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPCR#NASDAQ">GPCR</a>) with a Market Outperform rating. The price target for Structure Therapeutics is set to $90.00. NoneAt the moment, the stock has a 52-week-high of $68.03 and a 52-week-low of $20.80. Structure Therapeutics closed at $65.86 at the end of the last trading period. 
Deutsche Bank initiated coverage on Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) with a Buy rating. The price target for Starbucks is set to $118.00. In the third quarter, Starbucks showed an EPS of $1.00, compared to $0.84 from the year-ago quarter. The current stock performance of Starbucks shows a 52-week-high of $115.48 and a 52-week-low of $82.43. Moreover, at the end of the last trading period, the closing price was at $93.75. 
With a Buy rating, Deutsche Bank initiated coverage on Sysco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>). The price target seems to have been set at $75.00 for Sysco. In the fourth quarter, Sysco showed an EPS of $1.34, compared to $1.15 from the year-ago quarter. The stock has a 52-week-high of $87.40 and a 52-week-low of $62.23. At the end of the last trading period, Sysco closed at $65.18. 
Deutsche Bank initiated coverage on US Foods Holding Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) with a Buy rating. The price target for US Foods Hldg is set to $50.00. US Foods Hldg earned $0.79 in the second quarter, compared to $0.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $44.52 and a 52-week-low of $27.05. US Foods Hldg closed at $37.42 at the end of the last trading period. 
Deutsche Bank initiated coverage on Restaurant Brands International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Buy rating. The price target for Restaurant Brands Intl is set to $75.00. Restaurant Brands Intl earned $0.85 in the second quarter, compared to $0.82 in the year-ago quarter. NoneThe stock has a 52-week-high of $78.30 and a 52-week-low of $54.86. At the end of the last trading period, Restaurant Brands Intl closed at $64.31. 
Stifel initiated coverage on Gracell Biotechnologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRCL#NASDAQ">GRCL</a>) with a Buy rating. The price target for Gracell Biotechnologies is set to $11.00. For the second quarter, Gracell Biotechnologies had an EPS of $0.30, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $6.99 and a 52-week-low of $1.40. Gracell Biotechnologies closed at $2.60 at the end of the last trading period. 
Stifel initiated coverage on Cabaletta Bio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CABA#NASDAQ">CABA</a>) with a Buy rating. The price target for Cabaletta Bio is set to $31.00. For the second quarter, Cabaletta Bio had an EPS of $0.37, compared to year-ago quarter EPS of $0.45. NoneThe current stock performance of Cabaletta Bio shows a 52-week-high of $19.34 and a 52-week-low of $0.93. Moreover, at the end of the last trading period, the closing price was at $13.46. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

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Benzinga's Top Ratings Upgrades, Downgrades For October 19, 2023

CL King analyst David Silver upgrades Stepan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCL#NYSE">SCL</a>) from Neutral to Buy and announces $89 price target.

Price Target

CL King Upgrades Stepan to Buy, Announces $89 Price Target

Stepan Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scl#NYSE">SCL</a>) reported a third-quarter FY23 sales decrease of 22% year-on-year, to $562.226 million, missing the analyst consensus of $603.72 million&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">owing to lower selling prices.</a>
Adjusted EPS of $0.64 missed the analyst consensus of $0.75.
Net Sales from&nbsp;Surfactants&nbsp;<a class="editor-rtfLink" href="https://stepan.gcs-web.com/news-releases/news-release-details/stepan-reports-third-quarter-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">fell&nbsp;</a>21% Y/Y, Polymers down 21%, and Specialty Products plunged 36%.
The lower selling prices were mainly attributable to the pass-through of lower raw material costs, less favorable product/customer mix, and competitive pressures.&nbsp; &nbsp;
Gross profit declined 39.9% Y/Y to $71.24 million. Total company sales volume decreased 9% versus the prior year.
Demand within the agricultural end market remained low due to continued customer and channel inventory destocking.&nbsp;
Adjusted EBITDA was $48 million versus $85.5 million in the prior year.
&quot;Specific to the third quarter, Surfactant unit margins were lower versus the prior year due to less favorable product mix, high-cost raw material inventory carryover, and pricing pressure in Latin America from imported products. Specialty Product unit margins were significantly lower due to high-cost inventory and pricing pressure related to increased MCT import activity,&quot; said Scott Behrens, President and Chief Executive Officer.&nbsp;
Dividend Raised:&nbsp;Stepan Company approved an&nbsp;<a class="editor-rtfLink" href="https://stepan.gcs-web.com/news-releases/news-release-details/stepan-increases-quarterly-cash-dividend-marking-56th" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">increase</a>&nbsp;of $0.010 per share, or 2.7%, on its quarterly cash dividend on its common stock. The dividend of $0.375 per share is payable on December 15, 2023, to common stockholders of record on November 30, 2023.&nbsp;
Outlook:&nbsp;&nbsp;The company expects the fourth quarter of 2023 to face challenges, including continued destocking within the agricultural end market and the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/guidance" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">normal low seasonal demand for Rigid Polyols.&nbsp;&nbsp;</a>
Stepan Company expects to deliver $50 million in pre-tax savings in 2024, which will help offset future inflation and increased expenses associated with the planned commissioning of new Pasadena alkoxylation assets.
Price Action:&nbsp;SCL shares are trading higher by 0.36% at $68.25 on the last check Wednesday.

Stepan Company Q3: Earnings Miss, Lower Sales Volume, Dividend Hike & More

Stepan Company Expects To Deliver $50M In Pre-tax Savings In 2024, Which Will Offset Future Inflation & Increased Expenses Associated With Planned Commissioning Of New Pasadena Alkoxylation Assets

Stepan Company Approves An Increase Of $0.010 Per Share, Or 2.7%, On Quarterly Cash Dividend; Says The dividend of $0.375 Per Share Is Payable On December 15, 2023

Stepan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCL#NYSE">SCL</a>) reported adjusted quarterly earnings of $0.64 per share which missed the analyst consensus estimate of $0.82 by 21.95 percent. This is a 68.16 percent decrease over earnings of $2.01 per share from the same period last year. The company reported quarterly sales of $562.23 million which missed the analyst consensus estimate of $619.48 million by 9.24 percent. This is a 21.82 percent decrease over sales of $719.18 million the same period last year.

Stepan Q3 Adj. EPS $0.64 Misses $0.82 Estimate, Sales $562.23M Miss $619.48M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) is expected to report quarterly earnings at $1.71 per share on revenue of $21.67 billion.
&bull; ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is estimated to report quarterly earnings at $5.00 per share on revenue of $8.53 billion.
&bull; United Community Banks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCBI#NASDAQ">UCBI</a>) is projected to report quarterly earnings at $0.46 per share on revenue of $246.45 million.
&bull; UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) is projected to report quarterly earnings at $1.72 per share on revenue of $568.41 million.
&bull; Wipro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $2.77 billion.
&bull; Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is expected to report quarterly earnings at $1.27 per share on revenue of $13.08 billion.
&bull; Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) is estimated to report quarterly earnings at $1.50 per share on revenue of $1.72 billion.
&bull; State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) is projected to report quarterly earnings at $1.77 per share on revenue of $2.92 billion.
&bull; Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is likely to report quarterly earnings at $1.10 per share on revenue of $9.79 billion.
&bull; Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) is likely to report quarterly earnings at $0.80 per share on revenue of $2.04 billion.
&bull; Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) is likely to report quarterly earnings at $1.32 per share on revenue of $774.51 million.
&bull; Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) is expected to report quarterly earnings at $0.67 per share on revenue of $928.83 million.
&bull; Stepan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCL#NYSE">SCL</a>) is estimated to report quarterly earnings at $0.82 per share on revenue of $619.48 million.
&bull; Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) is likely to report quarterly earnings at $2.93 per share on revenue of $10.50 billion.
&bull; First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) is likely to report quarterly earnings at $0.25 per share on revenue of $801.16 million.
&bull; U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) is likely to report quarterly earnings at $1.04 per share on revenue of $7.01 billion.
&bull; Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) is expected to report quarterly earnings at $0.92 per share on revenue of $2.04 billion.
&bull; M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) is likely to report quarterly earnings at $3.94 per share on revenue of $2.33 billion.
&bull; Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) is estimated to report quarterly earnings at $8.45 per share on revenue of $42.53 billion.
&bull; Commerce Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBSH#NASDAQ">CBSH</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $388.71 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is projected to report quarterly earnings at $3.48 per share on revenue of $4.55 billion.
&bull; Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is expected to report quarterly earnings at $3.46 per share on revenue of $8.53 billion.
&bull; Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) is expected to report quarterly earnings at $0.86 per share on revenue of $542.53 million.
&bull; F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) is projected to report quarterly earnings at $0.36 per share on revenue of $403.07 million.
&bull; Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $1.14 billion.
&bull; First Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $151.65 million.
&bull; Discover Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) is expected to report quarterly earnings at $3.15 per share on revenue of $3.94 billion.
&bull; Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) is expected to report quarterly earnings at $1.78 per share on revenue of $1.71 billion.
&bull; Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is estimated to report quarterly earnings at $1.21 per share on revenue of $54.48 million.
&bull; Rexford Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $200.91 million.
&bull; Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) is expected to report quarterly loss at $1.13 per share on revenue of $2.59 billion.
&bull; Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $1.33 billion.
&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is expected to report quarterly earnings at $0.73 per share on revenue of $24.38 billion.
&bull; Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) is expected to report quarterly earnings at $0.53 per share on revenue of $2.69 billion.
&bull; Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $4.25 billion.
&bull; SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is estimated to report quarterly earnings at $1.28 per share on revenue of $143.82 million.
&bull; Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) is projected to report quarterly earnings at $6.07 per share on revenue of $3.41 billion.
&bull; PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) is likely to report quarterly earnings at $1.95 per share on revenue of $4.62 billion.
&bull; Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) is estimated to report quarterly earnings at $1.46 per share on revenue of $135.27 million.
&bull; Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) is expected to report quarterly earnings at $0.71 per share on revenue of $522.90 million.
&bull; SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $8.58 billion.
&bull; Home Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBCP#NASDAQ">HBCP</a>) is expected to report quarterly earnings at $1.02 per share on revenue of $32.97 million.
&bull; Banner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) is expected to report quarterly earnings at $1.37 per share on revenue of $157.00 million.
&bull; NVE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVEC#NASDAQ">NVEC</a>) is projected to report earnings for its second quarter.
&bull; Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is likely to report earnings for its third quarter.
&bull; Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is projected to report quarterly earnings at $1.14 per share on revenue of $771.57 million.
&bull; Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $280.65 million.
&bull; Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) is estimated to report earnings for its third quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For October 18, 2023

Stepan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCL#NYSE">SCL</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-10-18. Here's what investors need to know before the announcement.
Analysts estimate that Stepan will report an earnings per share (EPS) of $0.82. 
Stepan 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>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.64, which was followed by a 0.61% drop in the share price the next day.
Here's a look at Stepan's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.17</td>
<td>0.94</td>
<td>0.54</td>
<td>1.60</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.53</td>
<td>0.71</td>
<td>0.59</td>
<td>2.01</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.61%</td>
<td>-1.4%</td>
<td>2.68%</td>
<td>-6.25%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1697554869_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Stepan were trading at $66.43 as of October 16. Over the last 52-week period, shares are down 34.37%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SCL/earnings">To track all earnings releases for Stepan visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Stepan's Earnings

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;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 oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Origin Materials, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/orgn#NASDAQ">ORGN</a>)</h3>
<ul>
<li>The company recently announced the appointment of a new CFO. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/ORGN">52-week low of $0.86 </a>.</li>
<li>RSI Value: 24.63</li>
<li>ORGN Price Action: Shares of Origin Materials gained 8.9% to close at $0.9682 on Tuesday.</li>
</ul>
<h3>O-I Glass, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oi#NYSE">OI</a>)</h3>
<ul>
<li>O-I Glass posted better-than-expected second-quarter results. &ldquo;We are pleased to report strong second quarter performance, which exceeded guidance, as O-I continued to execute well amid more challenging macro conditions,&rdquo; said Andres Lopez, O-I Glass CEO. It <a href="https://www.benzinga.com/quote/OI"> has a 52-week low </a> of $14.04.</li>
<li>RSI Value: 25.32</li>
<li>OI Price Action: Shares of O-I Glass rose 0.1% to close at $15.73 on Tuesday.</li>
</ul>
<h3>Stepan Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scl#NYSE">SCL</a>)</h3>
<ul>
<li>Stepan posted downbeat quarterly results. &quot;Looking forward, we continue to believe second half of the year volume and margins will incrementally improve versus the first half of 2023, driven by the continued gradual recovery in Rigid Polyol demand, growth in Surfactant volumes associated with new contracted business and sequentially lower raw material costs,&quot; said Scott Behrens, President and Chief Executive Officer. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/SCL"> low of $67.82.</a></li>
<li>RSI Value: 22.26</li>
<li>SCL Price Action: Shares of Stepan gained 0.4% to close at $68.21 on Tuesday.</li>
</ul>
<h3>Perimeter Solutions, SA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prm#NYSE">PRM</a>)</h3>
<ul>
<li>Perlimeter Solutions reported better-than-expected second-quarter financial results. CEO Haitham Khouri commented, &ldquo;Our key end-markets, in both our Fire Safety and Specialty Products businesses, were slow in the second quarter. Both our businesses significantly outperformed their end-markets, however, due primarily to successful implementation of our value-driver initiatives.&rdquo; The company&rsquo;s 52-week low is $3.6750.</li>
<li>RSI Value: 20.48</li>
<li>PRM Price Action: Shares of Perimeter Solutions gained 2.1% to close at $3.87 on Tuesday.</li>
</ul>
<h3>Sensient Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxt#NYSE">SXT</a>)</h3>
<ul>
<li>Sensient Technologies is expected to report third quarter results on Oct. 20, 2023. The company <a href="https://www.benzinga.com/quote/SXT"> has a 52-week low </a> of $55.61.</li>
<li>RSI Value: 28.53</li>
<li>SXT Price Action: Shares of Sensient Technologies gained 1% to close at $56.27 on Tuesday.</li>
</ul>
&nbsp;
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