AdvanSix (ASIX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
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WFC, CPCAY and ASIX made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 6, 2024.
AdvanSix is a small chemical manufacturer with solid fundamentals, low debt, and a history of good management, making it an attractive investment. Despite market volatility, AdvanSix's strategic CapEx projects and improved EBITDA forecast a promising turnaround, with a potential 75% return by 2025. The company's valuation at $27/share is undervalued; a conservative price target of $32/share offers a safe entry point with significant upside.
ASIX presents a compelling investment case with favorable demand and pricing fundamentals, solid financial health and rising earnings estimates.
Soft end-market demand dampens the prospects of the Zacks Chemicals Specialty industry. AXTA, NGVT and ASIX are set to gain from strategic actions to navigate the ongoing challenges.
AdvanSix Inc. (NYSE:ASIX ) Q3 2024 Earnings Conference Call November 1, 2024 9:00 AM ET Company Participants Adam Kressel - Vice President of Investor Relations & Treasurer Erin Kane - President & Chief Executive Officer Sidd Manjeshwar - Senior Vice President & Chief Financial Officer Conference Call Participants Kevin Holder - CL King Charles Neivert - Piper Sandler Operator Good day and welcome to AdvanSix Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, today's event is being recorded.
The headline numbers for AdvanSix (ASIX) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
AdvanSix (ASIX) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to loss of $0.36 per share a year ago.
PARSIPPANY, N.J.--(BUSINESS WIRE)--AdvanSix Announces Third Quarter 2024 Financial Results.
ASIX is expected to have gained from improved nylon demand conditions, favorable pricing and the growth of its differentiated products in Q3.
AdvanSix (ASIX) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.