AdvanSix (ASIX) Scheduled to Post Earnings on Friday

AdvanSix (NYSE:ASIX) will post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect AdvanSix to post earnings of ($0.66) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

AdvanSix (NYSE:ASIX) last released its quarterly earnings results on Friday, February 16th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.02. The business had revenue of $382.21 million during the quarter, compared to analyst estimates of $335.80 million. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. On average, analysts expect AdvanSix to post $1 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AdvanSix Stock Performance

ASIX stock opened at $25.49 on Thursday. The firm has a market cap of $683.39 million, a price-to-earnings ratio of 13.42 and a beta of 1.73. The firm has a 50-day simple moving average of $27.10 and a two-hundred day simple moving average of $27.15. AdvanSix has a one year low of $23.92 and a one year high of $40.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.58 and a current ratio of 1.17.

AdvanSix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Friday, March 1st. AdvanSix’s payout ratio is 33.68%.

Insider Activity

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.69, for a total transaction of $110,760.00. Following the transaction, the senior vice president now owns 38,996 shares in the company, valued at $1,079,799.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Erin N. Kane sold 1,385 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.96, for a total transaction of $38,724.60. Following the transaction, the chief executive officer now owns 556,370 shares in the company, valued at $15,556,105.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.69, for a total transaction of $110,760.00. Following the transaction, the senior vice president now owns 38,996 shares in the company, valued at approximately $1,079,799.24. The disclosure for this sale can be found here. Insiders have sold a total of 17,387 shares of company stock worth $486,481 over the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reissued a “buy” rating and set a $40.00 price target on shares of AdvanSix in a research report on Tuesday, April 9th.

AdvanSix Company Profile

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.