Equities research analysts forecast that AdvanSix Inc. (NYSE:ASIX – Get Rating) will report sales of $528.85 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for AdvanSix’s earnings, with the lowest sales estimate coming in at $508.00 million and the highest estimate coming in at $549.70 million. AdvanSix posted sales of $437.68 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.8%. The business is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that AdvanSix will report full year sales of $1.98 billion for the current year, with estimates ranging from $1.89 billion to $2.05 billion. For the next financial year, analysts expect that the company will report sales of $1.80 billion, with estimates ranging from $1.57 billion to $1.94 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow AdvanSix.
AdvanSix (NYSE:ASIX – Get Rating) last issued its 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 business had revenue of $424.06 million during the quarter, compared to the consensus estimate of $408.30 million. AdvanSix had a return on equity of 25.83% and a net margin of 8.30%. During the same quarter in the previous year, the firm posted $0.94 earnings per share.
NYSE ASIX opened at $45.29 on Tuesday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 7.56 and a beta of 1.76. AdvanSix has a 52 week low of $27.22 and a 52 week high of $57.10. The business has a 50 day moving average price of $49.01 and a 200-day moving average price of $46.11. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 0.22.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 17th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, May 16th. This represents a $0.50 annualized dividend and a dividend yield of 1.10%. AdvanSix’s payout ratio is 8.35%.
In related news, insider Christopher Gramm sold 1,000 shares of AdvanSix stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $50.55, for a total transaction of $50,550.00. Following the transaction, the insider now owns 40,765 shares of the company’s stock, valued at $2,060,670.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.50% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of ASIX. Victory Capital Management Inc. boosted its position in AdvanSix by 2,306.9% in the first quarter. Victory Capital Management Inc. now owns 596,277 shares of the company’s stock worth $30,295,000 after purchasing an additional 571,503 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in AdvanSix in the fourth quarter worth $13,241,000. Hotchkis & Wiley Capital Management LLC purchased a new position in AdvanSix in the third quarter worth $10,085,000. Allianz Asset Management GmbH raised its stake in shares of 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 stake in shares of 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. 82.19% of the stock is currently owned by institutional investors and hedge funds.
AdvanSix Company Profile (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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