Ashland Global Holdings Inc. (ASH) Expected to Announce Earnings of $0.84 Per Share

Equities analysts predict that Ashland Global Holdings Inc. (NYSE:ASH) will report earnings of $0.84 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Ashland Global’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.88. Ashland Global reported earnings per share of $1.71 during the same quarter last year, which suggests a negative year over year growth rate of 50.9%. The firm is expected to announce its next earnings results on Tuesday, April 24th.

On average, analysts expect that Ashland Global will report full-year earnings of $3.20 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.45. For the next year, analysts anticipate that the firm will report earnings of $3.69 per share, with EPS estimates ranging from $3.25 to $3.86. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Ashland Global.

Ashland Global (NYSE:ASH) last issued its earnings results on Monday, January 29th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $842.00 million during the quarter, compared to analysts’ expectations of $842.05 million. Ashland Global had a positive return on equity of 7.14% and a negative net margin of 0.08%. During the same period last year, the firm posted $1.16 earnings per share.

Several research analysts have issued reports on ASH shares. Credit Suisse Group lifted their target price on shares of Ashland Global from $65.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. Zacks Investment Research cut shares of Ashland Global from a “hold” rating to a “strong sell” rating in a report on Monday, January 15th. UBS Group lifted their target price on shares of Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Deutsche Bank lifted their target price on shares of Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks lifted their target price on shares of Ashland Global to $83.00 and gave the stock a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $83.00.

Shares of Ashland Global (NYSE:ASH) traded down $0.01 during trading on Monday, reaching $70.65. 86,808 shares of the company’s stock traded hands, compared to its average volume of 1,330,809. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.96 and a quick ratio of 1.29. The stock has a market capitalization of $4,417.00, a PE ratio of -1,177.67, a PEG ratio of 2.22 and a beta of 1.13. Ashland Global has a twelve month low of $59.42 and a twelve month high of $77.16.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.90 annualized dividend and a dividend yield of 1.27%. Ashland Global’s payout ratio is -1,500.00%.

In other news, SVP Anne T. Schumann sold 8,507 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $73.46, for a total transaction of $624,924.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William J. Heitman sold 4,495 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $70.31, for a total transaction of $316,043.45. Following the transaction, the insider now directly owns 15,152 shares of the company’s stock, valued at $1,065,337.12. The disclosure for this sale can be found here. Insiders have sold 32,887 shares of company stock valued at $2,376,874 over the last three months. 1.14% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASH. Glenhill Advisors LLC purchased a new position in shares of Ashland Global during the fourth quarter valued at approximately $64,147,000. Pictet Asset Management Ltd. bought a new stake in Ashland Global during the third quarter valued at approximately $33,672,000. Luminus Management LLC grew its position in Ashland Global by 30.9% during the fourth quarter. Luminus Management LLC now owns 1,884,222 shares of the basic materials company’s stock valued at $134,158,000 after buying an additional 444,785 shares during the period. Two Sigma Investments LP grew its position in Ashland Global by 27,639.3% during the fourth quarter. Two Sigma Investments LP now owns 358,011 shares of the basic materials company’s stock valued at $25,490,000 after buying an additional 359,311 shares during the period. Finally, Schroder Investment Management Group grew its position in Ashland Global by 30.7% during the third quarter. Schroder Investment Management Group now owns 1,463,395 shares of the basic materials company’s stock valued at $95,999,000 after buying an additional 344,160 shares during the period. 90.35% of the stock is owned by hedge funds and other institutional investors.

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Ashland Global Company Profile

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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Earnings History and Estimates for Ashland Global (NYSE:ASH)

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