Equities analysts expect that Ashland Global Holdings Inc. (NYSE:ASH) will announce $683.24 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Ashland Global’s earnings, with the highest sales estimate coming in at $692.88 million and the lowest estimate coming in at $677.20 million. Ashland Global posted sales of $609.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 9th.
According to Zacks, analysts expect that Ashland Global will report full-year sales of $2.43 billion for the current fiscal year, with estimates ranging from $2.28 billion to $2.48 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.51 billion, with estimates ranging from $2.26 billion to $2.70 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 posted its quarterly earnings data on Monday, July 26th. The basic materials company reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.07). Ashland Global had a net margin of 7.60% and a return on equity of 7.72%. The company had revenue of $637.00 million for the quarter, compared to analyst estimates of $635.39 million. During the same quarter in the prior year, the business earned $0.84 EPS. Ashland Global’s revenue was up 11.0% compared to the same quarter last year.
NYSE ASH opened at $92.75 on Friday. The firm has a market capitalization of $5.63 billion, a PE ratio of 31.66 and a beta of 1.28. Ashland Global has a 12 month low of $68.17 and a 12 month high of $95.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.05 and a quick ratio of 1.19. The company’s 50 day simple moving average is $87.88 and its 200 day simple moving average is $88.96.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Tuesday, August 31st. Ashland Global’s dividend payout ratio (DPR) is currently 42.86%.
In other Ashland Global news, CFO J Kevin Willis sold 1,104 shares of Ashland Global stock in a transaction on Friday, September 10th. The shares were sold at an average price of $94.30, for a total transaction of $104,107.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.08% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of Ashland Global during the 2nd quarter valued at $28,000. Dark Forest Capital Management LP bought a new position in shares of Ashland Global during the 2nd quarter valued at $28,000. Concord Wealth Partners bought a new position in shares of Ashland Global during the 1st quarter valued at $29,000. Jacobi Capital Management LLC bought a new position in shares of Ashland Global during the 2nd quarter valued at $46,000. Finally, Huntington National Bank raised its holdings in shares of Ashland Global by 232.9% during the 2nd quarter. Huntington National Bank now owns 546 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 382 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.
About Ashland Global
Ashland Global Holdings, Inc is a global specialty chemicals company. The company engages in the manufacture and distribution of adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care, and pharmaceutical. It operates through the following segments: Consumer Specialties; Industrial Specialties; and Other.
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