Analysts Anticipate AdvanSix Inc (ASIX) Will Announce Earnings of $0.50 Per Share

Brokerages expect that AdvanSix Inc (NYSE:ASIX) will report $0.50 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for AdvanSix’s earnings. AdvanSix posted earnings of ($0.81) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 161.7%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Friday, February 23rd.

According to Zacks, analysts expect that AdvanSix will report full year earnings of $2.90 per share for the current financial year. For the next fiscal year, analysts forecast that the company will report earnings of $2.93 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for AdvanSix.

AdvanSix (NYSE:ASIX) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.77 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.77. AdvanSix had a return on equity of 20.30% and a net margin of 3.64%.

A number of research analysts recently issued reports on the company. BidaskClub downgraded AdvanSix from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. ValuEngine downgraded AdvanSix from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research downgraded AdvanSix from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th.

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in shares of AdvanSix during the 3rd quarter valued at approximately $123,000. Spirit of America Management Corp NY boosted its stake in AdvanSix by 1,693.5% in the 4th quarter. Spirit of America Management Corp NY now owns 4,448 shares of the company’s stock worth $187,000 after purchasing an additional 4,200 shares during the period. Flagship Harbor Advisors LLC bought a new position in AdvanSix in the 3rd quarter worth approximately $240,000. Stifel Financial Corp bought a new position in AdvanSix in the 3rd quarter worth approximately $212,000. Finally, Commonwealth Equity Services Inc bought a new position in AdvanSix in the 3rd quarter worth approximately $236,000. Institutional investors own 71.91% of the company’s stock.

Shares of AdvanSix (ASIX) traded up $0.28 during trading hours on Tuesday, hitting $37.32. The company had a trading volume of 466,710 shares, compared to its average volume of 284,844. The company has a market cap of $1,140.00 and a P/E ratio of 23.47. The company has a current ratio of 1.39, a quick ratio of 0.93 and a debt-to-equity ratio of 0.84. AdvanSix has a 52 week low of $24.07 and a 52 week high of $46.51.

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AdvanSix Company Profile

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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