Ashland Global Holdings Inc. (NYSE:ASH) – Analysts at Seaport Global Securities raised their Q1 2018 earnings estimates for shares of Ashland Global Holdings in a report issued on Thursday. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will post earnings per share of $0.62 for the quarter, up from their previous estimate of $0.48.

Ashland Global Holdings (NYSE:ASH) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.13. Ashland Global Holdings had a positive return on equity of 10.62% and a negative net margin of 4.71%. The firm had revenue of $870 million during the quarter, compared to the consensus estimate of $842.78 million. During the same quarter in the prior year, the firm posted $1.95 EPS. The business’s revenue was up 10.1% on a year-over-year basis.

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Other equities research analysts have also recently issued research reports about the company. TheStreet raised Ashland Global Holdings from a “c+” rating to a “b” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised Ashland Global Holdings from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating on shares of Ashland Global Holdings in a research note on Friday, June 23rd. ValuEngine raised Ashland Global Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Finally, BidaskClub cut Ashland Global Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $88.33.

Ashland Global Holdings (NYSE:ASH) opened at 60.82 on Monday. The firm’s 50-day moving average price is $65.25 and its 200-day moving average price is $62.33. Ashland Global Holdings has a 52-week low of $59.80 and a 52-week high of $128.19. The firm’s market cap is $3.80 billion.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its position in shares of Ashland Global Holdings by 7.1% in the second quarter. Creative Planning now owns 1,527 shares of the basic materials company’s stock valued at $101,000 after buying an additional 101 shares during the last quarter. Bollard Group LLC boosted its position in shares of Ashland Global Holdings by 0.3% in the first quarter. Bollard Group LLC now owns 930 shares of the basic materials company’s stock valued at $115,000 after buying an additional 3 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Ashland Global Holdings by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,658 shares of the basic materials company’s stock valued at $192,000 after buying an additional 66 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Ashland Global Holdings by 13.3% in the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the basic materials company’s stock valued at $210,000 after buying an additional 200 shares during the last quarter. Finally, City Holding Co. boosted its position in shares of Ashland Global Holdings by 14.9% in the first quarter. City Holding Co. now owns 1,965 shares of the basic materials company’s stock valued at $243,000 after buying an additional 255 shares during the last quarter. 95.42% of the stock is currently owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.48%. Ashland Global Holdings’s payout ratio is -25.42%.

About Ashland Global Holdings

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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