AdvanSix (NYSE:ASIX) Plans Quarterly Dividend of $0.16

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 3.4%. The ex-dividend date of this dividend is Monday, March 9th.

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

AdvanSix Price Performance

NYSE:ASIX traded up $0.80 during mid-day trading on Friday, reaching $18.80. 559,567 shares of the stock were exchanged, compared to its average volume of 286,973. The business has a fifty day moving average price of $17.43 and a 200 day moving average price of $18.27. The firm has a market capitalization of $505.15 million, a PE ratio of 9.79 and a beta of 1.72. AdvanSix has a 1-year low of $14.10 and a 1-year high of $31.03. The company has a current ratio of 1.36, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings results on Friday, February 20th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The company had revenue of $359.95 million during the quarter, compared to the consensus estimate of $340.85 million. AdvanSix had a net margin of 3.52% and a return on equity of 7.14%. Research analysts expect that AdvanSix will post 4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ASIX has been the topic of several recent research reports. Wall Street Zen upgraded shares of AdvanSix from a “sell” rating to a “hold” rating in a research report on Saturday. Truist Financial started coverage on AdvanSix in a report on Thursday, January 15th. They issued a “hold” rating and a $19.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of AdvanSix in a report on Monday, December 29th. One investment 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’s stock. Based on data from MarketBeat, AdvanSix currently has an average rating of “Hold” and an average price target of $28.67.

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.