AdvanSix (NYSE:ASIX - Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.37) by $0.40, Zacks reports. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. The firm had revenue of $329.06 million for the quarter, compared to analysts' expectations of $377.15 million.
AdvanSix Trading Up 0.6 %
Shares of ASIX traded up $0.17 during midday trading on Tuesday, hitting $28.87. The stock had a trading volume of 236,413 shares, compared to its average volume of 128,803. The business has a 50-day simple moving average of $29.59 and a two-hundred day simple moving average of $29.76. The firm has a market cap of $771.80 million, a P/E ratio of 17.93 and a beta of 1.76. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. AdvanSix has a fifty-two week low of $20.86 and a fifty-two week high of $33.00.
AdvanSix Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 2.22%. AdvanSix's payout ratio is presently 39.75%.
Insider Activity
In other news, CEO Erin N. Kane sold 5,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the completion of the sale, the chief executive officer now owns 502,795 shares of the company's stock, valued at $15,179,381.05. This trade represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.60% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. StockNews.com raised shares of AdvanSix from a "hold" rating to a "buy" rating in a research note on Wednesday, December 4th. Piper Sandler upped their price target on AdvanSix from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Friday, November 8th.
Check Out Our Latest Stock Report on AdvanSix
About AdvanSix
(
Get Free Report)
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.
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