AdvanSix Inc. (NYSE:ASIX) is reporting third quarter financial results on Friday 30th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, ASIX is expected to report 3Q20 loss of $ 0.05 per share from revenue of $ 266.77 million.
For the full year, analysts anticipate top line of $ 1104.17 million, while looking forward to income of $ 1.26 per share bottom line.
Previous Quarter Performance
AdvanSix Inc. disclosed income for the second quarter of $ 0.41 per share, from the revenue of $ 233.02 million. The quarterly earnings reduced 22.64 percent while revenues reduced 32.50 percent compared with the same quarter last year.
Wall street analysts are predicting, ASIX to report 2Q20 income of $ 0.31 per share from revenue of $ 281.30 million. The bottom line results beat street analysts by $ 0.1 or 32.26 percent, at the same time, top line results fell short of analysts by $ 48.28 million or 17.16 percent.
Stock Performance
Shares of AdvanSix Inc. traded up $ 0.65 or 4.55 percent on Thursday, reaching $ 14.94 with volume of 121.40 thousand shares. AdvanSix Inc. has traded high as $ 14.99 and has cracked $ 14.10 on the downward trend
According to the previous trading day, closing price of $ 14.94, representing a 77.30 % increase from the 52 week low of $ 8.06 and a 42.49 % decrease over the 52 week high of $ 24.85.
The company has a market capital of $ 418.77 million and is part of the Basic Materials sector and Chemicals industry.
Conference Call
AdvanSix Inc. will be hosting a conference call at 9:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.AdvanSix.com
AdvanSix Inc. manufactures and sells polymer resins. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films.
