AdvanSix (NYSE:ASIX) Posts Earnings Results, Beats Expectations By $0.35 EPS

AdvanSix (NYSE:ASIX) posted its quarterly earnings results on Friday. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.35, Zacks reports. The business had revenue of $453.48 million during the quarter, compared to analyst estimates of $426.80 million. AdvanSix had a return on equity of 0.06% and a net margin of 0.15%. During the same period in the prior year, the business earned $1.18 earnings per share.

AdvanSix Trading Up 1.9 %

ASIX traded up $0.52 during trading hours on Friday, reaching $27.26. The company’s stock had a trading volume of 217,643 shares, compared to its average volume of 135,954. AdvanSix has a fifty-two week low of $20.86 and a fifty-two week high of $40.85. The stock has a market cap of $731.11 million, a PE ratio of 908.64 and a beta of 1.70. The business’s 50-day moving average is $24.05 and its 200-day moving average is $25.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.71.

AdvanSix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, August 13th. AdvanSix’s dividend payout ratio is presently 2,134.04%.

Insider Activity at AdvanSix

In related news, insider Erin N. Kane 6,921 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other AdvanSix news, CEO Erin N. Kane sold 1,558 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $27.89, for a total transaction of $43,452.62. Following the transaction, the chief executive officer now directly owns 536,237 shares in the company, valued at $14,955,649.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Erin N. Kane 6,921 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Over the last three months, insiders have sold 2,258 shares of company stock worth $61,247. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus restated a “buy” rating and issued a $40.00 price target on shares of AdvanSix in a research report on Tuesday, April 9th.

AdvanSix Company Profile

AdvanSix Inc engages in the manufacture and sale of 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, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.