Equities analysts predict that Ashland Global Holdings Inc (NYSE:ASH) will report $641.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Ashland Global’s earnings. The highest sales estimate is $646.10 million and the lowest is $637.38 million. Ashland Global reported sales of $956.00 million during the same quarter last year, which would suggest a negative year over year growth rate of 32.9%. The business is expected to announce its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that Ashland Global will report full year sales of $2.52 billion for the current year, with estimates ranging from $2.48 billion to $2.53 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.57 billion, with estimates ranging from $2.53 billion to $2.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Ashland Global.
Ashland Global (NYSE:ASH) last issued its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Ashland Global had a net margin of 3.63% and a return on equity of 5.15%. The firm had revenue of $641.00 million for the quarter, compared to analyst estimates of $640.29 million. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Financial Bank Trust Division increased its stake in Ashland Global by 2.4% during the 2nd quarter. First Financial Bank Trust Division now owns 57,246 shares of the basic materials company’s stock worth $4,578,000 after buying an additional 1,352 shares in the last quarter. WINTON GROUP Ltd increased its stake in Ashland Global by 25.4% during the 2nd quarter. WINTON GROUP Ltd now owns 465,396 shares of the basic materials company’s stock worth $37,218,000 after buying an additional 94,373 shares in the last quarter. Douglass Winthrop Advisors LLC increased its stake in Ashland Global by 70.5% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 20,455 shares of the basic materials company’s stock worth $1,636,000 after buying an additional 8,455 shares in the last quarter. Wiley BROS. Aintree Capital LLC increased its stake in Ashland Global by 18.5% during the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 3,525 shares of the basic materials company’s stock worth $282,000 after buying an additional 550 shares in the last quarter. Finally, Leisure Capital Management increased its stake in Ashland Global by 6.3% during the 2nd quarter. Leisure Capital Management now owns 10,046 shares of the basic materials company’s stock worth $803,000 after buying an additional 599 shares in the last quarter. 95.89% of the stock is owned by institutional investors.
Shares of ASH stock opened at $76.35 on Wednesday. Ashland Global has a 12 month low of $64.93 and a 12 month high of $84.81. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 1.43. The firm has a market capitalization of $4.63 billion, a P/E ratio of 21.33, a P/E/G ratio of 2.11 and a beta of 1.27. The company’s fifty day moving average price is $76.17 and its two-hundred day moving average price is $76.52.
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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