Wall Street analysts expect Ashland Global Holdings Inc. (NYSE:ASH) to report earnings per share of $0.71 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Ashland Global Holdings’ earnings. The highest EPS estimate is $0.82 and the lowest is $0.45. Ashland Global Holdings reported earnings of $1.52 per share in the same quarter last year, which indicates a negative year over year growth rate of 53.3%. The business is scheduled to issue its next earnings results on Tuesday, November 14th.

On average, analysts expect that Ashland Global Holdings will report full year earnings of $4.40 per share for the current year, with EPS estimates ranging from $4.15 to $4.50. For the next financial year, analysts anticipate that the business will report earnings of $3.26 per share, with EPS estimates ranging from $2.50 to $3.58. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Ashland Global Holdings.

Ashland Global Holdings (NYSE:ASH) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.13. Ashland Global Holdings had a negative net margin of 4.71% and a positive return on equity of 10.62%. The business had revenue of $870 million for the quarter, compared to analyst estimates of $842.78 million. During the same period last year, the business earned $1.95 EPS. The company’s revenue was up 10.1% on a year-over-year basis.

ASH has been the topic of several recent analyst reports. ValuEngine cut shares of Ashland Global Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet raised shares of Ashland Global Holdings from a “c” rating to a “b+” rating in a report on Friday, June 16th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Ashland Global Holdings in a report on Friday, June 23rd. J P Morgan Chase & Co upped their price target on shares of Ashland Global Holdings from $61.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, May 31st. Finally, Zacks Investment Research cut shares of Ashland Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $88.33.

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Shares of Ashland Global Holdings (NYSE:ASH) traded up 0.57% during midday trading on Friday, hitting $61.67. 573,018 shares of the stock were exchanged. Ashland Global Holdings has a 12-month low of $59.80 and a 12-month high of $128.19. The firm’s market cap is $3.85 billion. The firm has a 50 day moving average of $62.63 and a 200 day moving average of $62.78.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.225 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 annualized dividend and a yield of 1.46%. Ashland Global Holdings’s dividend payout ratio is presently -25.42%.

Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Ashland Global Holdings by 5,548.9% during the first quarter. BlackRock Inc. now owns 5,692,080 shares of the basic materials company’s stock worth $704,736,000 after purchasing an additional 5,591,315 shares during the period. Vanguard Group Inc. raised its holdings in shares of Ashland Global Holdings by 4.5% during the first quarter. Vanguard Group Inc. now owns 5,271,030 shares of the basic materials company’s stock worth $652,607,000 after purchasing an additional 228,240 shares during the period. Evercore Trust Company N.A. raised its holdings in shares of Ashland Global Holdings by 113.3% during the second quarter. Evercore Trust Company N.A. now owns 2,178,433 shares of the basic materials company’s stock worth $143,580,000 after purchasing an additional 1,157,131 shares during the period. State Street Corp raised its holdings in shares of Ashland Global Holdings by 1.9% during the first quarter. State Street Corp now owns 2,104,720 shares of the basic materials company’s stock worth $260,582,000 after purchasing an additional 40,172 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Ashland Global Holdings by 52.2% during the second quarter. Wedge Capital Management L L P NC now owns 1,563,649 shares of the basic materials company’s stock worth $103,060,000 after purchasing an additional 536,205 shares during the period. 92.50% of the stock is currently owned by institutional investors.

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.

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

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