Ashland Global (NYSE:ASH) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $0.80-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.96. Ashland Global also updated its FY18 guidance to $2.90-3.10 EPS.
A number of brokerages have recently commented on ASH. Zacks Investment Research cut shares of Ashland Global from a hold rating to a strong sell rating in a research report on Monday, January 15th. SunTrust Banks increased their target price on shares of Ashland Global to $83.00 and gave the company a buy rating in a research report on Friday, December 1st. Credit Suisse Group increased their target price on shares of Ashland Global from $65.00 to $69.00 and gave the company a neutral rating in a research report on Wednesday, November 8th. Deutsche Bank increased their target price on shares of Ashland Global from $74.00 to $78.00 and gave the company a buy rating in a research report on Wednesday, November 8th. Finally, UBS Group increased their target price on shares of Ashland Global from $74.00 to $78.00 and gave the company a buy rating in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $82.57.
Shares of Ashland Global (NYSE ASH) traded down $0.04 on Monday, hitting $72.39. 1,522,992 shares of the company were exchanged, compared to its average volume of 809,415. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.31. Ashland Global has a 12-month low of $57.79 and a 12-month high of $76.40. The stock has a market capitalization of $4,510.00, a price-to-earnings ratio of -42.83, a P/E/G ratio of 2.12 and a beta of 1.11.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, February 28th. Ashland Global’s dividend payout ratio is currently -53.25%.
In related news, insider Peter Ganz sold 3,379 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $70.63, for a total value of $238,658.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO J Kevin Willis sold 916 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $70.61, for a total transaction of $64,678.76. The disclosure for this sale can be found here. Insiders sold 36,582 shares of company stock valued at $2,633,323 in the last three months. 1.14% of the stock is currently owned by insiders.
TRADEMARK VIOLATION NOTICE: “Ashland Global (ASH) Issues Q2 Earnings Guidance” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/29/ashland-global-ash-issues-q2-earnings-guidance.html.
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.
Receive News & Ratings for Ashland Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashland Global and related companies with MarketBeat.com's FREE daily email newsletter.