Ashland Global Holdings Inc (NYSE:ASH) – Equities researchers at Seaport Global Securities issued their Q1 2019 earnings per share (EPS) estimates for shares of Ashland Global in a report issued on Wednesday, January 9th. Seaport Global Securities analyst M. Harrison expects that the basic materials company will earn $0.13 per share for the quarter. Seaport Global Securities also issued estimates for Ashland Global’s Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $1.27 EPS, FY2019 earnings at $3.35 EPS, Q1 2020 earnings at $0.58 EPS, Q2 2020 earnings at $1.20 EPS, Q3 2020 earnings at $1.33 EPS, Q4 2020 earnings at $1.42 EPS and FY2020 earnings at $4.53 EPS.
Ashland Global (NYSE:ASH) last announced its earnings results on Tuesday, November 6th. The basic materials company reported $0.97 EPS for the quarter, meeting analysts’ consensus estimates of $0.97. The business had revenue of $956.00 million for the quarter, compared to analysts’ expectations of $926.50 million. Ashland Global had a net margin of 3.05% and a return on equity of 6.71%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS.
Other equities analysts have also recently issued reports about the stock. UBS Group boosted their price objective on shares of Ashland Global from $93.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Credit Suisse Group set a $95.00 target price on shares of Ashland Global and gave the stock a “buy” rating in a research report on Friday, September 21st. Deutsche Bank boosted their target price on shares of Ashland Global from $96.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 16th. TheStreet lowered shares of Ashland Global from a “b” rating to a “c+” rating in a research report on Wednesday, November 7th. Finally, Zacks Investment Research lowered shares of Ashland Global from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Ashland Global has an average rating of “Buy” and a consensus price target of $89.62.
Shares of ASH opened at $73.89 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.98 and a current ratio of 1.59. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.29 and a beta of 1.34. Ashland Global has a 1 year low of $64.81 and a 1 year high of $86.63.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 15th. Investors of record on Monday, December 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. Ashland Global’s dividend payout ratio is presently 27.93%.
In related news, VP Keith C. Silverman sold 498 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $81.67, for a total value of $40,671.66. Following the completion of the transaction, the vice president now owns 3,380 shares of the company’s stock, valued at approximately $276,044.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J Kevin Willis sold 8,519 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $81.50, for a total transaction of $694,298.50. Following the completion of the transaction, the chief financial officer now directly owns 3,168 shares of the company’s stock, valued at approximately $258,192. The disclosure for this sale can be found here. Insiders sold a total of 15,067 shares of company stock worth $1,224,405 over the last quarter. Insiders own 1.14% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Ashland Global by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,730,773 shares of the basic materials company’s stock valued at $480,582,000 after purchasing an additional 152,555 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Ashland Global by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 5,730,773 shares of the basic materials company’s stock valued at $480,582,000 after acquiring an additional 152,555 shares during the last quarter. BlackRock Inc. increased its stake in shares of Ashland Global by 0.5% during the 3rd quarter. BlackRock Inc. now owns 5,452,799 shares of the basic materials company’s stock valued at $457,271,000 after acquiring an additional 26,295 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Ashland Global by 0.3% during the 2nd quarter. Schroder Investment Management Group now owns 1,454,873 shares of the basic materials company’s stock valued at $113,596,000 after acquiring an additional 4,458 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Ashland Global by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,305,798 shares of the basic materials company’s stock worth $109,505,000 after purchasing an additional 17,170 shares in the last quarter. 92.96% of the stock is owned by hedge funds and other institutional investors.
About Ashland Global
Ashland Global Holdings Inc provides specialty chemical solutions worldwide. The company's Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges. It provides solutions using natural, synthetic, and semisynthetic polymers derived from cellulose ethers, vinyl pyrrolidones, acrylic polymers, polyester and polyurethane-based adhesives, and plant and seed extracts.
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