$0.47 Earnings Per Share Expected for Ashland Global Holdings Inc. (ASH) This Quarter

Equities research analysts expect Ashland Global Holdings Inc. (NYSE:ASH) to announce earnings per share of $0.47 for the current quarter, according to Zacks. Three analysts have made estimates for Ashland Global’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.42. Ashland Global reported earnings per share of $1.16 during the same quarter last year, which would suggest a negative year over year growth rate of 59.5%. The firm is expected to announce its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that Ashland Global will report full-year earnings of $3.42 per share for the current year, with EPS estimates ranging from $3.27 to $3.60. For the next year, analysts expect that the firm will post earnings of $3.97 per share, with EPS estimates ranging from $3.85 to $4.04. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Ashland Global.

Ashland Global (NYSE:ASH) last released its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The company had revenue of $880.00 million for the quarter, compared to the consensus estimate of $869.62 million. During the same period in the prior year, the firm posted $1.52 EPS. The business’s revenue for the quarter was up 16.7% on a year-over-year basis.

Several analysts have issued reports on the company. SunTrust Banks boosted their price target on Ashland Global to $83.00 and gave the company a “buy” rating in a report on Friday, December 1st. Zacks Investment Research lowered Ashland Global from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Credit Suisse Group boosted their price target on Ashland Global from $65.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Deutsche Bank boosted their price target on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, UBS boosted their price target on Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $82.57.

In other news, CFO J Kevin Willis sold 916 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $70.61, for a total value of $64,678.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Ganz sold 3,379 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $70.63, for a total value of $238,658.77. The disclosure for this sale can be found here. Insiders sold 16,342 shares of company stock worth $1,148,839 over the last 90 days. Company insiders own 1.14% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC lifted its position in shares of Ashland Global by 600.3% in the third quarter. Chicago Partners Investment Group LLC now owns 2,332 shares of the basic materials company’s stock worth $152,000 after buying an additional 1,999 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Ashland Global by 37.6% in the third quarter. Public Employees Retirement System of Ohio now owns 36,774 shares of the basic materials company’s stock worth $2,405,000 after buying an additional 10,055 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Ashland Global by 1.3% in the third quarter. Neuberger Berman Group LLC now owns 1,354,447 shares of the basic materials company’s stock worth $88,567,000 after buying an additional 17,839 shares in the last quarter. South Street Advisors LLC lifted its position in shares of Ashland Global by 8.7% in the third quarter. South Street Advisors LLC now owns 88,199 shares of the basic materials company’s stock worth $5,767,000 after buying an additional 7,069 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Ashland Global by 2.9% during the third quarter. California Public Employees Retirement System now owns 183,659 shares of the basic materials company’s stock worth $12,009,000 after acquiring an additional 5,132 shares during the last quarter. Institutional investors own 91.82% of the company’s stock.

Ashland Global (ASH) traded up $0.31 during trading hours on Wednesday, reaching $71.03. The company’s stock had a trading volume of 385,400 shares, compared to its average volume of 897,477. Ashland Global has a twelve month low of $53.79 and a twelve month high of $74.75. The company has a quick ratio of 1.31, a current ratio of 1.97 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $4,400.54, a price-to-earnings ratio of 15.79, a PEG ratio of 2.07 and a beta of 1.10.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.27%. Ashland Global’s payout ratio is -9,000,000.00%.

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About Ashland Global

Ashland Inc is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Company operates in three segments: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. Its Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals, and consists of two divisions: Consumer Specialties and Industrial Specialties.

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