Ascent Industries (ACNT) Set to Announce Quarterly Earnings on Wednesday

Ascent Industries (NASDAQ:ACNT) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.36) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Ascent Industries (NASDAQ:ACNT) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.65). The business had revenue of $41.22 million during the quarter, compared to analysts’ expectations of $63.50 million. Ascent Industries had a negative net margin of 11.07% and a negative return on equity of 15.98%. On average, analysts expect Ascent Industries to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ascent Industries Price Performance

Ascent Industries stock opened at $10.05 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 3.61. Ascent Industries has a one year low of $7.20 and a one year high of $11.19. The company has a market cap of $101.71 million, a P/E ratio of -3.79 and a beta of 0.69. The business has a fifty day moving average of $10.41 and a two-hundred day moving average of $9.51.

About Ascent Industries

Ascent Industries Co an industrials company, produces and distributes stainless steel pipe and tube and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and ornamental stainless steel tubes for automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries.