Brokerages expect that AdvanSix Inc (NYSE:ASIX) will report $0.50 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for AdvanSix’s earnings. AdvanSix posted earnings of ($0.81) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 161.7%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Friday, February 23rd.

According to Zacks, analysts expect that AdvanSix will report full year earnings of $2.90 per share for the current financial year. For the next fiscal year, analysts forecast that the company will report earnings of $2.93 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for AdvanSix.

AdvanSix (NYSE:ASIX) last issued its earnings results on Tuesday, November 7th. The company reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. AdvanSix had a return on equity of 20.30% and a net margin of 3.64%.

A number of equities research analysts have commented on the company. Zacks Investment Research cut AdvanSix from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. ValuEngine upgraded AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Finally, BidaskClub cut AdvanSix from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th.

AdvanSix (ASIX) traded up $0.28 during midday trading on Tuesday, reaching $37.32. The company had a trading volume of 466,710 shares, compared to its average volume of 284,844. AdvanSix has a 12-month low of $24.07 and a 12-month high of $46.51. The stock has a market cap of $1,140.00 and a P/E ratio of 23.47. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.84.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alambic Investment Management L.P. increased its position in shares of AdvanSix by 17.5% during the fourth quarter. Alambic Investment Management L.P. now owns 85,433 shares of the company’s stock worth $3,594,000 after acquiring an additional 12,700 shares during the last quarter. Cypress Capital Management LLC WY grew its stake in AdvanSix by 8,422.6% in the fourth quarter. Cypress Capital Management LLC WY now owns 7,926 shares of the company’s stock worth $333,000 after purchasing an additional 7,833 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in AdvanSix in the fourth quarter worth about $8,919,000. Bowling Portfolio Management LLC acquired a new position in AdvanSix in the fourth quarter worth about $469,000. Finally, Schwab Charles Investment Management Inc. grew its stake in AdvanSix by 12.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 261,953 shares of the company’s stock worth $11,021,000 after purchasing an additional 29,724 shares in the last quarter. 71.91% of the stock is currently owned by institutional investors and hedge funds.

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About AdvanSix

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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