Equities analysts expect that Ashland Global Holdings Inc (NYSE:ASH) will announce $547.03 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Ashland Global’s earnings, with the highest sales estimate coming in at $562.00 million and the lowest estimate coming in at $532.00 million. Ashland Global posted sales of $576.00 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that Ashland Global will report full-year sales of $2.46 billion for the current fiscal year, with estimates ranging from $2.40 billion to $2.49 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.54 billion, with estimates ranging from $2.49 billion to $2.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Ashland Global.
Ashland Global (NYSE:ASH) last released its quarterly earnings results on Monday, November 18th. The basic materials company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.21). The firm had revenue of $609.00 million during the quarter, compared to analyst estimates of $644.53 million. Ashland Global had a net margin of 20.26% and a return on equity of 4.64%. Ashland Global’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share.
NYSE:ASH traded down $1.17 on Monday, reaching $75.59. The stock had a trading volume of 709,012 shares, compared to its average volume of 518,961. The company has a market capitalization of $4.62 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24. Ashland Global has a 1-year low of $70.40 and a 1-year high of $81.22. The company has a quick ratio of 1.10, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average price of $75.00 and a 200-day moving average price of $76.11.
The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were given a dividend of $0.275 per share. The ex-dividend date was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.46%. Ashland Global’s payout ratio is 44.00%.
In other news, insider William J. Heitman sold 509 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.99, for a total transaction of $40,205.91. Following the transaction, the insider now directly owns 6,594 shares in the company, valued at $520,860.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Peter Ganz sold 1,351 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.99, for a total transaction of $106,715.49. Following the sale, the senior vice president now directly owns 40,738 shares of the company’s stock, valued at $3,217,894.62. The disclosure for this sale can be found here. Insiders have sold 3,982 shares of company stock worth $314,538 over the last quarter. 9.33% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ASH. Usca Ria LLC bought a new stake in shares of Ashland Global during the third quarter worth approximately $31,000. Old North State Trust LLC bought a new stake in shares of Ashland Global during the third quarter worth approximately $38,000. Riverview Trust Co bought a new stake in shares of Ashland Global during the third quarter worth approximately $44,000. Doyle Wealth Management bought a new stake in shares of Ashland Global during the second quarter worth approximately $50,000. Finally, Pathstone Family Office LLC bought a new stake in shares of Ashland Global during the second quarter worth approximately $140,000. 91.16% of the stock is owned by institutional investors and hedge funds.
Ashland Global Company Profile
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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