AdvanSix (ASIX) Scheduled to Post Earnings on Friday

AdvanSix (NYSE:ASIX) will issue its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

AdvanSix (NYSE:ASIX) last released its quarterly earnings data on Friday, August 2nd. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.35. The company had revenue of $453.48 million for the quarter, compared to the consensus estimate of $426.80 million. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. During the same period in the previous year, the business earned $1.18 earnings per share. On average, analysts expect AdvanSix to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AdvanSix Stock Up 0.1 %

NYSE ASIX opened at $29.18 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average is $29.39 and its two-hundred day moving average is $26.53. The company has a market capitalization of $782.58 million, a price-to-earnings ratio of 972.67 and a beta of 1.68. AdvanSix has a 1-year low of $20.86 and a 1-year high of $32.04.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Tuesday, August 13th. AdvanSix’s payout ratio is 2,133.33%.

Insider Transactions at AdvanSix

In other news, CEO Erin N. Kane sold 1,558 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $27.89, for a total value of $43,452.62. Following the transaction, the chief executive officer now directly owns 536,237 shares of the company’s stock, valued at $14,955,649.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other AdvanSix news, CEO Erin N. Kane sold 1,558 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $27.89, for a total transaction of $43,452.62. Following the transaction, the chief executive officer now owns 536,237 shares of the company’s stock, valued at approximately $14,955,649.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total value of $151,400.00. Following the transaction, the chief executive officer now directly owns 522,795 shares in the company, valued at approximately $15,830,232.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,528 shares of company stock valued at $223,800 in the last three months. 5.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

About AdvanSix

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.