Wall Street analysts predict that AdvanSix Inc. (NYSE:ASIX – Get Rating) will announce $2.65 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for AdvanSix’s earnings. The highest EPS estimate is $3.48 and the lowest is $2.06. AdvanSix posted earnings of $1.53 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 73.2%. The firm is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that AdvanSix will report full year earnings of $7.86 per share for the current year, with EPS estimates ranging from $6.56 to $9.76. For the next financial year, analysts forecast that the company will post earnings of $5.92 per share, with EPS estimates ranging from $5.60 to $6.43. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow AdvanSix.
AdvanSix (NYSE:ASIX – Get Rating) last posted its quarterly earnings results on Friday, February 18th. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The company had revenue of $424.06 million for the quarter, compared to analyst estimates of $408.30 million. AdvanSix had a return on equity of 25.83% and a net margin of 8.30%. During the same period last year, the company earned $0.94 earnings per share.
In other news, insider Christopher Gramm sold 1,000 shares of the stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $50.55, for a total transaction of $50,550.00. Following the transaction, the insider now directly owns 40,765 shares in the company, valued at approximately $2,060,670.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in ASIX. Victory Capital Management Inc. lifted its holdings in shares of AdvanSix by 2,306.9% during the 1st quarter. Victory Capital Management Inc. now owns 596,277 shares of the company’s stock worth $30,295,000 after acquiring an additional 571,503 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in AdvanSix in the fourth quarter valued at approximately $13,241,000. Hotchkis & Wiley Capital Management LLC purchased a new position in AdvanSix in the third quarter valued at approximately $10,085,000. Allianz Asset Management GmbH raised its holdings in AdvanSix by 177.8% in the fourth quarter. Allianz Asset Management GmbH now owns 286,544 shares of the company’s stock valued at $13,539,000 after buying an additional 183,378 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in AdvanSix by 251.3% in the fourth quarter. JPMorgan Chase & Co. now owns 217,962 shares of the company’s stock valued at $10,299,000 after buying an additional 155,925 shares during the period. Institutional investors and hedge funds own 82.19% of the company’s stock.
NYSE ASIX traded down $0.63 during trading hours on Friday, reaching $46.48. The company’s stock had a trading volume of 242,467 shares, compared to its average volume of 184,176. The stock has a market cap of $1.31 billion, a PE ratio of 7.76 and a beta of 1.76. AdvanSix has a fifty-two week low of $27.22 and a fifty-two week high of $57.10. The company’s 50-day moving average is $48.89 and its two-hundred day moving average is $46.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 1.13.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th will be issued a $0.125 dividend. The ex-dividend date is Monday, May 16th. This represents a $0.50 dividend on an annualized basis and a yield of 1.08%. AdvanSix’s dividend payout ratio (DPR) is 8.35%.
About AdvanSix (Get Rating)
AdvanSix Inc manufactures and sells 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, alpha-methyl styrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.
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