Ashland (ASH) Set to Announce Quarterly Earnings on Tuesday
Ashland (NYSE:ASH) is scheduled to be announcing its earnings results on Tuesday, January 28th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Ashland (NYSE:ASH) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.04. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts expect Ashland to post $6.88 EPS for the current fiscal year and $7.81 EPS for the next fiscal year.
Ashland (NYSE:ASH) opened at 95.16 on Monday. Ashland has a 52-week low of $72.11 and a 52-week high of $100.87. The stock has a 50-day moving average of $96.56 and a 200-day moving average of $90.90. The company has a market cap of $7.376 billion and a P/E ratio of 11.32.
A number of research firms have recently commented on ASH. Analysts at Zacks upgraded shares of Ashland from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $99.30 price target on the stock. On a related note, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Ashland in a research note to investors on Monday, December 16th. They set a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $96.88.
Ashland Inc (NYSE:ASH) is a global specialty chemical company that provides products, services and solutions throughout a variety of industries.
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