Ashland Global (ASH) Set to Announce Earnings on Monday

Ashland Global (NYSE:ASH) is scheduled to post its quarterly earnings results after the market closes on Monday, January 29th. Analysts expect Ashland Global to post earnings of $0.47 per share for the quarter. Ashland Global has set its Q1 guidance at $0.35-$0.45 EPS and its FY18 guidance at $3.20-3.40 EPS.

Ashland Global (NYSE:ASH) last posted its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The company had revenue of $880.00 million during the quarter, compared to the consensus estimate of $869.62 million. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. On average, analysts expect Ashland Global to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ashland Global (NYSE:ASH) opened at $74.33 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.31. The firm has a market cap of $4,630.00, a P/E ratio of -43.98, a P/E/G ratio of 2.18 and a beta of 1.11. Ashland Global has a 52-week low of $54.72 and a 52-week high of $74.81.

Several research analysts recently weighed in on the stock. Jefferies Group restated a “buy” rating and issued a $77.00 price objective (up from $74.00) on shares of Ashland Global in a research report on Tuesday, September 26th. SunTrust Banks reaffirmed a “buy” rating and issued a $74.00 target price on shares of Ashland Global in a research note on Friday, November 10th. Deutsche Bank upped their target price on Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research lowered Ashland Global from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Finally, UBS Group upped their target price on Ashland Global from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $82.57.

In other Ashland Global news, CFO J Kevin Willis sold 1,352 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $66.23, for a total value of $89,542.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Ganz sold 3,379 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $70.63, for a total value of $238,658.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,582 shares of company stock valued at $2,633,323. 1.14% of the stock is owned by insiders.

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Ashland Global 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 for Ashland Global (NYSE:ASH)

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