AdvanSix Inc (ASIX) Announces Earnings Results
AdvanSix Inc (NASDAQ:ASIX) issued its quarterly earnings results on Tuesday. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.08, Briefing.com reports. AdvanSix had a return on equity of 40.03% and a net margin of 7.13%. The firm had revenue of $366.66 million during the quarter, compared to the consensus estimate of $354.70 million. The firm’s revenue was up 13.2% on a year-over-year basis.
AdvanSix (ASIX) opened at $42.78 on Wednesday. AdvanSix has a 1 year low of $14.72 and a 1 year high of $46.51.
In related news, Director Michael Marberry acquired 539 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were bought at an average price of $46.41 per share, with a total value of $25,014.99. Following the transaction, the director now directly owns 16,420 shares of the company’s stock, valued at $762,052.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 1,946 shares of company stock worth $74,948 in the last three months.
A number of analysts have weighed in on the company. BidaskClub upgraded AdvanSix from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 23rd. Zacks Investment Research upgraded AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a report on Tuesday, September 12th. Finally, Cowen and Company increased their price objective on shares of AdvanSix from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 6th.
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.
Receive News & Stock Ratings for AdvanSix Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdvanSix Inc and related stocks with our FREE daily email newsletter.