AdvanSix Inc (ASIX) Scheduled to Post Quarterly Earnings on Tuesday
AdvanSix Inc (NASDAQ:ASIX) is set to issue its quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.60 per share for the quarter.
AdvanSix (NASDAQ:ASIX) last posted its earnings results on Thursday, August 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. AdvanSix had a net margin of 7.13% and a return on equity of 40.03%. The firm had revenue of $361.44 million during the quarter. On average, analysts expect AdvanSix to post $2.92 EPS for the current fiscal year and $3.19 EPS for the next fiscal year.
AdvanSix Inc (NASDAQ ASIX) opened at 44.30 on Tuesday. The company has a 50 day moving average of $41.18 and a 200 day moving average of $41.18. AdvanSix Inc has a 1-year low of $14.65 and a 1-year high of $45.54. The firm has a market capitalization of $1.35 billion and a PE ratio of 30.43.
Several equities research analysts recently weighed in on ASIX shares. Cowen and Company increased their price target on AdvanSix from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, October 6th. Zacks Investment Research raised AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a report on Tuesday, September 12th. Finally, BidaskClub raised AdvanSix from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 23rd.
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AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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