AdvanSix (ASIX) to Issue Quarterly Dividend of $0.16 on March 23rd

AdvanSix (NYSE:ASIX) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Monday, March 9th will be paid a dividend of 0.16 per share on Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, March 9th.

AdvanSix has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings.

AdvanSix Price Performance

Shares of NYSE:ASIX opened at $19.70 on Friday. The company has a market capitalization of $529.34 million, a P/E ratio of 10.88 and a beta of 1.66. The company’s 50-day moving average is $17.83 and its 200 day moving average is $18.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.52 and a current ratio of 1.13. AdvanSix has a fifty-two week low of $14.10 and a fifty-two week high of $26.85.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, February 20th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $359.95 million during the quarter, compared to the consensus estimate of $340.85 million. AdvanSix had a net margin of 3.24% and a return on equity of 6.97%. On average, equities research analysts forecast that AdvanSix will post 4 earnings per share for the current year.

Analyst Upgrades and Downgrades

ASIX has been the subject of a number of research reports. Truist Financial increased their target price on shares of AdvanSix from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of AdvanSix in a report on Monday, December 29th. Finally, Wall Street Zen upgraded AdvanSix from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $29.00.

AdvanSix Company Profile

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.