Ashland Global Holdings Inc (NYSE:ASH) – Stock analysts at Seaport Global Securities issued their Q1 2019 earnings per share estimates for shares of Ashland Global in a report released on Wednesday, January 9th. Seaport Global Securities analyst M. Harrison anticipates 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 posted its earnings results on Tuesday, November 6th. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.97. Ashland Global had a net margin of 3.05% and a return on equity of 6.71%. The firm had revenue of $956.00 million during the quarter, compared to analysts’ expectations of $926.50 million. During the same period in the previous year, the business posted $0.78 EPS. The business’s revenue was up 8.6% compared to the same quarter last year.
Shares of NYSE ASH opened at $73.89 on Friday. The firm has a market capitalization of $4.60 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.29 and a beta of 1.34. The company has a quick ratio of 0.98, a current ratio of 1.59 and a debt-to-equity ratio of 0.67. Ashland Global has a one year low of $64.81 and a one year high of $86.63.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 15th. Investors of record on Monday, December 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, November 30th. Ashland Global’s dividend payout ratio is currently 27.93%.
In related news, VP Keith C. Silverman sold 498 shares of the company’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 sale, the vice president now owns 3,380 shares of the company’s stock, valued at $276,044.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Keith C. Silverman sold 322 shares of the company’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $81.57, for a total transaction of $26,265.54. Following the completion of the sale, the vice president now directly owns 3,380 shares of the company’s stock, valued at approximately $275,706.60. The disclosure for this sale can be found here. Insiders sold 15,067 shares of company stock valued at $1,224,405 in the last three months. 1.14% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. First Financial Bank Trust Division lifted its position in Ashland Global by 1.2% in the third quarter. First Financial Bank Trust Division now owns 54,076 shares of the basic materials company’s stock valued at $4,535,000 after buying an additional 642 shares during the last quarter. Fox Run Management L.L.C. lifted its position in shares of Ashland Global by 17.8% during the third quarter. Fox Run Management L.L.C. now owns 4,330 shares of the basic materials company’s stock worth $363,000 after purchasing an additional 654 shares in the last quarter. United Services Automobile Association lifted its position in shares of Ashland Global by 7.0% during the second quarter. United Services Automobile Association now owns 11,310 shares of the basic materials company’s stock worth $884,000 after purchasing an additional 737 shares in the last quarter. Raymond James & Associates lifted its position in shares of Ashland Global by 12.4% during the second quarter. Raymond James & Associates now owns 6,877 shares of the basic materials company’s stock worth $538,000 after purchasing an additional 761 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Ashland Global by 32.2% during the third quarter. Brown Advisory Inc. now owns 3,386 shares of the basic materials company’s stock worth $284,000 after purchasing an additional 824 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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