AdvanSix (NYSE:ASIX) announced its quarterly earnings results on Friday. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10, Bloomberg Earnings reports. The company had revenue of $370.39 million for the quarter, compared to analysts’ expectations of $365.40 million. AdvanSix had a net margin of 3.64% and a return on equity of 20.30%. AdvanSix’s quarterly revenue was up 42.8% on a year-over-year basis.
Shares of AdvanSix (ASIX) traded up $4.02 during midday trading on Friday, hitting $42.82. 326,195 shares of the stock were exchanged, compared to its average volume of 295,631. AdvanSix has a 52 week low of $24.72 and a 52 week high of $46.51. The company has a current ratio of 1.39, a quick ratio of 0.93 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1,305.28, a PE ratio of 9.11 and a beta of 0.86.
A number of equities analysts have recently weighed in on ASIX shares. Zacks Investment Research cut shares of AdvanSix from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. ValuEngine cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub cut shares of AdvanSix from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th.
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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