Ashland Global Holdings Inc. (NYSE:ASH) – Seaport Global Securities upped their Q1 2018 EPS estimates for Ashland Global Holdings in a note issued to investors on Thursday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings of $0.62 per share for the quarter, up from their previous estimate of $0.48.

Ashland Global Holdings (NYSE:ASH) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.13. The business had revenue of $870 million for the quarter, compared to the consensus estimate of $842.78 million. Ashland Global Holdings had a negative net margin of 4.71% and a positive return on equity of 10.62%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 earnings per share.

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A number of other equities analysts have also issued reports on the stock. BidaskClub lowered shares of Ashland Global Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Ashland Global Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Deutsche Bank AG decreased their target price on shares of Ashland Global Holdings from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. TheStreet lowered shares of Ashland Global Holdings from a “b” rating to a “c+” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $74.00 target price on shares of Ashland Global Holdings in a research report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Ashland Global Holdings presently has an average rating of “Hold” and an average price target of $88.33.

Shares of Ashland Global Holdings (ASH) opened at 60.82 on Monday. The stock’s market cap is $3.80 billion. The company’s 50-day moving average is $65.25 and its 200-day moving average is $62.33. Ashland Global Holdings has a 12-month low of $59.80 and a 12-month high of $128.19.

Several institutional investors have recently bought and sold shares of ASH. Bollard Group LLC raised its position in Ashland Global Holdings by 0.3% in the first quarter. Bollard Group LLC now owns 930 shares of the basic materials company’s stock valued at $115,000 after buying an additional 3 shares during the period. Creative Planning raised its position in Ashland Global Holdings by 0.3% in the first quarter. Creative Planning now owns 1,426 shares of the basic materials company’s stock valued at $177,000 after buying an additional 4 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Ashland Global Holdings by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,658 shares of the basic materials company’s stock valued at $192,000 after buying an additional 66 shares during the period. Daiwa Securities Group Inc. raised its position in Ashland Global Holdings by 13.3% in the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the basic materials company’s stock valued at $210,000 after buying an additional 200 shares during the period. Finally, City Holding Co. raised its position in Ashland Global Holdings by 14.9% in the first quarter. City Holding Co. now owns 1,965 shares of the basic materials company’s stock valued at $243,000 after buying an additional 255 shares during the period. Institutional investors own 95.42% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.48%. Ashland Global Holdings’s dividend payout ratio (DPR) is -25.42%.

Ashland Global Holdings 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.

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

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