Ashland Global Holdings Inc. (NYSE:ASH) – Stock analysts at SunTrust Banks decreased their FY2017 earnings per share (EPS) estimates for Ashland Global Holdings in a research note issued on Wednesday. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will earn $4.50 per share for the year, down from their prior forecast of $4.64. SunTrust Banks also issued estimates for Ashland Global Holdings’ Q4 2017 earnings at $0.77 EPS.

Several other equities research analysts also recently issued reports on the company. BidaskClub downgraded Ashland Global Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded Ashland Global Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Deutsche Bank AG lowered their price target on Ashland Global Holdings from $75.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. TheStreet downgraded Ashland Global Holdings from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $74.00 price target on shares of Ashland Global Holdings in a report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $88.33.

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Ashland Global Holdings (NYSE ASH) opened at 60.88 on Monday. The stock’s 50 day moving average is $63.86 and its 200 day moving average is $62.59. The stock’s market capitalization is $3.80 billion. Ashland Global Holdings has a one year low of $59.80 and a one year high of $128.19.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.13. Ashland Global Holdings had a negative net margin of 4.71% and a positive return on equity of 10.62%. The company had revenue of $870 million for the quarter, compared to analysts’ expectations of $842.78 million. During the same period last year, the company earned $1.95 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank increased its position in Ashland Global Holdings by 40.9% in the second quarter. Toronto Dominion Bank now owns 170,000 shares of the basic materials company’s stock worth $11,203,000 after buying an additional 49,320 shares during the last quarter. WINTON GROUP Ltd increased its position in Ashland Global Holdings by 350.1% in the second quarter. WINTON GROUP Ltd now owns 134,974 shares of the basic materials company’s stock worth $8,896,000 after buying an additional 104,988 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Ashland Global Holdings by 15.6% in the second quarter. Public Employees Retirement System of Ohio now owns 26,719 shares of the basic materials company’s stock worth $1,761,000 after buying an additional 3,611 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Ashland Global Holdings by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 29,122 shares of the basic materials company’s stock worth $1,919,000 after buying an additional 281 shares during the last quarter. Finally, Bank of Nova Scotia increased its position in Ashland Global Holdings by 0.4% in the second quarter. Bank of Nova Scotia now owns 200,700 shares of the basic materials company’s stock worth $13,228,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 92.50% 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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