AdvanSix (ASIX) Set to Announce Earnings on Friday

AdvanSix (NYSE:ASIX - Get Free Report) will be announcing its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

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

AdvanSix Trading Down 1.0 %

AdvanSix stock traded down $0.28 during midday trading on Friday, hitting $28.90. 86,532 shares of the stock were exchanged, compared to its average volume of 142,190. The stock's 50-day simple moving average is $29.38 and its 200 day simple moving average is $26.54. AdvanSix has a fifty-two week low of $20.86 and a fifty-two week high of $32.04. 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 has a market capitalization of $775.07 million, a price-to-earnings ratio of 963.33 and a beta of 1.68.

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were given a $0.16 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.64 annualized dividend and a yield of 2.21%. AdvanSix's payout ratio is 2,133.33%.

Analysts Set New Price Targets

Separately, StockNews.com raised AdvanSix from a "hold" rating to a "buy" rating in a research note on Monday, August 5th.

Insider Buying and Selling

In related news, CEO Erin N. Kane sold 5,000 shares of the business'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 sale, the chief executive officer now owns 522,795 shares in the company, valued at approximately $15,830,232.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $30.28, for a total value of $151,400.00. Following the completion of the transaction, the chief executive officer now owns 522,795 shares of the company's stock, valued at approximately $15,830,232.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,528 shares of company stock valued at $223,800. Company insiders own 5.60% of the company's stock.

AdvanSix Company Profile

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.