Ashland Global (ASH) to Release Quarterly Earnings on Tuesday

Ashland Global (NYSE:ASHGet Rating) is set to announce its earnings results after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Ashland Global (NYSE:ASHGet Rating) last issued its quarterly earnings results on Tuesday, February 1st. The basic materials company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Ashland Global had a return on equity of 8.92% and a net margin of 9.07%. The firm had revenue of $512.00 million during the quarter, compared to the consensus estimate of $512.44 million. During the same period last year, the business posted $0.66 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. On average, analysts expect Ashland Global to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of Ashland Global stock opened at $106.81 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.33 and a current ratio of 1.91. The stock’s 50-day simple moving average is $95.11. Ashland Global has a 1-year low of $81.93 and a 1-year high of $110.74. The firm has a market cap of $6.08 billion, a P/E ratio of 30.52 and a beta of 1.28.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were issued a dividend of $0.30 per share. The ex-dividend date was Monday, February 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.12%. Ashland Global’s payout ratio is currently 34.29%.

Several large investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in Ashland Global by 16.9% in the 2nd quarter. Morgan Stanley now owns 215,775 shares of the basic materials company’s stock valued at $18,880,000 after buying an additional 31,248 shares in the last quarter. LPL Financial LLC grew its stake in Ashland Global by 4.0% in the 3rd quarter. LPL Financial LLC now owns 9,224 shares of the basic materials company’s stock valued at $822,000 after buying an additional 356 shares in the last quarter. Citigroup Inc. grew its stake in Ashland Global by 10.2% in the 4th quarter. Citigroup Inc. now owns 7,893 shares of the basic materials company’s stock valued at $850,000 after buying an additional 733 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Ashland Global by 1,160.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 20,501 shares of the basic materials company’s stock valued at $2,207,000 after buying an additional 18,875 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in Ashland Global in the 4th quarter valued at approximately $208,000. 91.88% of the stock is currently owned by institutional investors.

Several analysts have recently commented on ASH shares. TheStreet downgraded Ashland Global from a “b-” rating to a “c” rating in a research note on Friday, March 18th. BMO Capital Markets reduced their target price on Ashland Global from $133.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, January 24th. Stifel Nicolaus raised their target price on Ashland Global from $130.00 to $136.00 in a research note on Thursday, February 3rd. Mizuho raised their target price on Ashland Global from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, March 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ashland Global from $109.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 19th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $120.25.

Ashland Global Company Profile (Get Rating)

Ashland Global Holdings Inc provides additives and specialty ingredients worldwide. It operates through Life Sciences; Personal Care & Household; Specialty Additives; and Intermediates and Solvents segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions.

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Earnings History for Ashland Global (NYSE:ASH)

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