Equities research analysts expect Ashland Global Holdings Inc (NYSE:ASH) to report earnings of $0.98 per share for the current quarter, according to Zacks. Four analysts have made estimates for Ashland Global’s earnings. The lowest EPS estimate is $0.91 and the highest is $1.11. Ashland Global reported earnings per share of $0.97 in the same quarter last year, which would indicate a positive year over year growth rate of 1%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, November 18th.
On average, analysts expect that Ashland Global will report full-year earnings of $2.71 per share for the current fiscal year, with EPS estimates ranging from $2.62 to $2.85. For the next financial year, analysts expect that the firm will post earnings of $3.56 per share, with EPS estimates ranging from $3.41 to $3.85. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Ashland Global.
ASH has been the topic of a number of recent research reports. Monness Crespi & Hardt raised Ashland Global from a “neutral” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Monday, October 14th. Zacks Investment Research downgraded Ashland Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. ValuEngine raised Ashland Global from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Co initiated coverage on Ashland Global in a report on Tuesday, October 15th. They set an “outperform” rating and a $90.00 price objective on the stock. Finally, Buckingham Research lifted their price objective on Ashland Global from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ashland Global has an average rating of “Buy” and a consensus price target of $87.38.
ASH stock opened at $78.40 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. The business’s 50-day simple moving average is $76.92 and its 200 day simple moving average is $76.34. The company has a market cap of $4.75 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.16 and a beta of 1.27. Ashland Global has a twelve month low of $64.93 and a twelve month high of $83.36.
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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