Brokerages Expect AdvanSix (ASIX) to Post $0.22 EPS
AdvanSix (NYSE:ASIX) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $41.00 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also assigned AdvanSix an industry rank of 123 out of 265 based on the ratings given to related companies.
ASIX has been the subject of a number of research analyst reports. Zacks Investment Research raised AdvanSix from a “sell” rating to a “hold” rating in a research report on Friday, March 16th. ValuEngine raised AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th. Finally, Cowen decreased their price target on AdvanSix from $47.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday.
A number of large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its position in AdvanSix by 930.5% in the fourth quarter. Sterling Capital Management LLC now owns 244,393 shares of the company’s stock worth $10,282,000 after buying an additional 220,676 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in AdvanSix in the fourth quarter worth $609,000. Clark Capital Management Group Inc. purchased a new stake in AdvanSix in the fourth quarter worth $1,417,000. LPL Financial LLC increased its position in AdvanSix by 76.0% in the fourth quarter. LPL Financial LLC now owns 8,991 shares of the company’s stock worth $378,000 after buying an additional 3,883 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its position in AdvanSix by 30.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 135,000 shares of the company’s stock worth $5,678,000 after buying an additional 31,300 shares during the last quarter. 77.97% of the stock is owned by institutional investors and hedge funds.
Shares of ASIX stock traded up $1.46 during trading hours on Monday, reaching $36.54. The company had a trading volume of 275,653 shares, compared to its average volume of 313,055. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1,069.31, a PE ratio of 12.18 and a beta of 1.45. AdvanSix has a 12 month low of $24.72 and a 12 month high of $46.51.
AdvanSix (NYSE:ASIX) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.10. The company had revenue of $370.39 million during the quarter, compared to the consensus estimate of $365.40 million. AdvanSix had a return on equity of 32.17% and a net margin of 9.94%. AdvanSix’s revenue was up 42.8% compared to the same quarter last year. equities research analysts anticipate that AdvanSix will post 3.28 earnings per share for the current fiscal year.
AdvanSix Company Profile
AdvanSix Inc manufactures and sells polymer resins in the United States. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam, ammonium sulfate fertilizers, and acetone, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.
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