Equities analysts predict that AdvanSix Inc (NYSE:ASIX) will post $0.22 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for AdvanSix’s earnings. AdvanSix posted earnings of $0.88 per share in the same quarter last year, which indicates a negative year over year growth rate of 75%. The business is scheduled to report its next quarterly earnings results on Thursday, May 10th.
According to Zacks, analysts expect that AdvanSix will report full-year earnings of $3.28 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $4.46 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow AdvanSix.
AdvanSix (NYSE:ASIX) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.10. AdvanSix had a return on equity of 32.17% and a net margin of 9.94%. The firm had revenue of $370.39 million for the quarter, compared to analysts’ expectations of $365.40 million. The company’s revenue was up 42.8% compared to the same quarter last year.
AdvanSix (ASIX) traded up $0.09 during trading hours on Monday, hitting $43.90. The stock had a trading volume of 332,556 shares, compared to its average volume of 301,865. The company has a market capitalization of $1,340.00 and a price-to-earnings ratio of 14.63. AdvanSix has a 52 week low of $24.72 and a 52 week high of $46.51. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.31 and a quick ratio of 0.87.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in AdvanSix by 1.0% during the 4th quarter. BlackRock Inc. now owns 4,068,705 shares of the company’s stock valued at $171,172,000 after purchasing an additional 41,945 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in AdvanSix by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,172,446 shares of the company’s stock valued at $46,488,000 after purchasing an additional 6,937 shares in the last quarter. State Street Corp boosted its stake in AdvanSix by 41.2% during the 2nd quarter. State Street Corp now owns 717,873 shares of the company’s stock valued at $22,427,000 after purchasing an additional 209,636 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in AdvanSix by 19.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 449,404 shares of the company’s stock valued at $17,864,000 after purchasing an additional 71,649 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in AdvanSix by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 365,023 shares of the company’s stock valued at $15,358,000 after purchasing an additional 24,058 shares in the last quarter. 77.95% of the stock is owned by hedge funds and other institutional investors.
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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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