Ashland Global Holdings Inc. Expected to Earn Q3 2018 Earnings of $0.91 Per Share (ASH)

Ashland Global Holdings Inc. (NYSE:ASH) – Research analysts at SunTrust Banks issued their Q3 2018 earnings estimates for shares of Ashland Global Holdings in a research note issued on Wednesday. SunTrust Banks analyst J. Sheehan forecasts that the basic materials company will post earnings per share of $0.91 for the quarter. SunTrust Banks has a “Buy” rating and a $74.00 price target on the stock. SunTrust Banks also issued estimates for Ashland Global Holdings’ Q4 2018 earnings at $1.13 EPS and FY2018 earnings at $3.52 EPS.

Ashland Global Holdings (NYSE:ASH) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The company had revenue of $880.00 million during the quarter, compared to analysts’ expectations of $869.62 million. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. COPYRIGHT VIOLATION WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/11/13/ashland-global-holdings-inc-expected-to-earn-q3-2018-earnings-of-0-91-per-share-ash-2.html.

Several other research analysts also recently commented on ASH. UBS AG raised their price target on shares of Ashland Global Holdings from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Credit Suisse Group raised their price target on shares of Ashland Global Holdings from $65.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Deutsche Bank AG raised their price target on shares of Ashland Global Holdings from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. TheStreet downgraded shares of Ashland Global Holdings from a “b” rating to a “c+” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $77.00 price target (up previously from $74.00) on shares of Ashland Global Holdings in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $81.29.

Ashland Global Holdings (ASH) opened at $66.01 on Monday. The company has a market cap of $4,119.18, a PE ratio of 14.73, a P/E/G ratio of 1.92 and a beta of 1.07. Ashland Global Holdings has a 12 month low of $53.41 and a 12 month high of $69.33. The company has a quick ratio of 1.31, a current ratio of 1.97 and a debt-to-equity ratio of 0.76.

Institutional investors have recently modified their holdings of the business. Creative Planning grew its holdings in Ashland Global Holdings by 7.1% during the 2nd quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 101 shares in the last quarter. Commonwealth Equity Services Inc bought a new position in Ashland Global Holdings during the 3rd quarter worth about $234,000. Sciencast Management LP bought a new position in Ashland Global Holdings during the 2nd quarter worth about $271,000. Trexquant Investment LP bought a new position in Ashland Global Holdings during the 2nd quarter worth about $290,000. Finally, World Asset Management Inc grew its holdings in Ashland Global Holdings by 2.4% during the 2nd quarter. World Asset Management Inc now owns 4,423 shares of the basic materials company’s stock worth $292,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 94.23% of the company’s stock.

Ashland Global Holdings Company Profile

Ashland Inc is engaged in specialty chemicals, and through Valvoline, is a consumer-branded lubricant supplier. The Company operates in three segments: Ashland Specialty Ingredients (Specialty Ingredients), Ashland Performance Materials (Performance Materials) and Valvoline. Its Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals, and consists of two divisions: Consumer Specialties and Industrial Specialties.

Earnings History and Estimates for Ashland Global Holdings (NYSE:ASH)

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