Ashland Global Holdings Inc. (ASH) Scheduled to Post Quarterly Earnings on Monday
Ashland Global Holdings Inc. (NYSE:ASH) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.69 per share for the quarter.
Ashland Global Holdings (NYSE:ASH) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $842.78 million. During the same period last year, the firm earned $1.95 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts expect Ashland Global Holdings to post $4.38 EPS for the current fiscal year and $3.33 EPS for the next fiscal year.
Shares of Ashland Global Holdings Inc. (NYSE ASH) traded down 1.14% on Monday, hitting $67.41. 109,516 shares of the stock traded hands. Ashland Global Holdings Inc. has a 52 week low of $59.80 and a 52 week high of $128.19. The stock’s market cap is $4.21 billion. The stock has a 50 day moving average price of $65.64 and a 200-day moving average price of $64.22.
A number of equities analysts have recently commented on ASH shares. Zacks Investment Research raised shares of Ashland Global Holdings from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Wednesday, July 5th. BidaskClub lowered shares of Ashland Global Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Jefferies Group LLC reissued a “buy” rating and issued a $74.00 price target on shares of Ashland Global Holdings in a report on Sunday, September 3rd. Finally, TheStreet lowered shares of Ashland Global Holdings from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Ashland Global Holdings currently has an average rating of “Hold” and a consensus target price of $89.00.
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About Ashland Global Holdings
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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