AdvanSix Inc (NASDAQ:ASIX) Set to Announce Quarterly Earnings on Thursday
AdvanSix Inc (NASDAQ:ASIX) is set to announce its earnings results before the market opens on Thursday, August 10th. Analysts expect the company to announce earnings of $0.60 per share for the quarter.
AdvanSix (NASDAQ:ASIX) last released its earnings results on Thursday, May 11th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.45. The business had revenue of $376.70 million for the quarter. AdvanSix had a return on equity of 47.63% and a net margin of 7.25%. On average, analysts expect AdvanSix to post $2.61 EPS for the current fiscal year and $2.83 EPS for the next fiscal year.
AdvanSix Inc (NASDAQ:ASIX) opened at 33.39 on Wednesday. AdvanSix Inc has a 52-week low of $12.00 and a 52-week high of $34.87. The stock has a market cap of $1.02 billion and a P/E ratio of 30.14. The stock has a 50 day moving average price of $32.45 and a 200 day moving average price of $28.51.
Separately, Cowen and Company began coverage on AdvanSix in a research note on Friday, June 23rd. They set an “outperform” rating and a $37.00 price target on the stock.
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AdvanSix Company Profile
AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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