Ascent Industries (ACNT) to Release Quarterly Earnings on Wednesday

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

Ascent Industries (NASDAQ:ACNT) last released its earnings results on Thursday, March 28th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.65). Ascent Industries had a negative net margin of 11.07% and a negative return on equity of 15.98%. The company had revenue of $41.22 million during the quarter, compared to analysts’ expectations of $63.50 million. 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 Trading Down 1.3 %

Shares of NASDAQ ACNT opened at $10.27 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 3.61. The stock’s 50-day moving average is $10.39 and its two-hundred day moving average is $9.46. Ascent Industries has a 1-year low of $7.20 and a 1-year high of $11.19.

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.