Wall Street analysts expect Ashland Global Holdings Inc. (NYSE:ASH) to post $860.18 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Ashland Global’s earnings. The highest sales estimate is $891.43 million and the lowest is $838.00 million. Ashland Global posted sales of $1.19 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 27.7%. The business is expected to report its next quarterly earnings results after the market closes on Monday, January 29th.

According to Zacks, analysts expect that Ashland Global will report full year sales of $860.18 million for the current financial year, with estimates ranging from $3.41 billion to $3.73 billion. For the next year, analysts anticipate that the company will post sales of $3.76 billion per share, with estimates ranging from $3.57 billion to $3.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Ashland Global.

Ashland Global (NYSE:ASH) last announced its earnings results on Monday, November 6th. The basic materials company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share.

A number of brokerages recently weighed in on ASH. Zacks Investment Research downgraded shares of Ashland Global from a “hold” rating to a “strong sell” rating in a research note on Monday, January 15th. SunTrust Banks increased their price target on shares of Ashland Global to $83.00 and gave the company a “buy” rating in a research report on Friday, December 1st. UBS Group increased their price target on shares of Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Credit Suisse Group increased their price target on shares of Ashland Global from $65.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. Finally, Deutsche Bank increased their price target on shares of Ashland Global from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $82.57.

In other news, SVP Anne T. Schumann sold 8,507 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $73.46, for a total value of $624,924.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO J Kevin Willis sold 1,352 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $66.23, for a total transaction of $89,542.96. The disclosure for this sale can be found here. Insiders have sold 36,582 shares of company stock worth $2,633,323 over the last quarter. Company insiders own 1.14% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its holdings in shares of Ashland Global 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 purchasing an additional 281 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Ashland Global by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 131,166 shares of the basic materials company’s stock worth $8,645,000 after purchasing an additional 383 shares during the last quarter. South Street Advisors LLC grew its holdings in shares of Ashland Global by 0.8% in the second quarter. South Street Advisors LLC now owns 81,130 shares of the basic materials company’s stock worth $5,347,000 after purchasing an additional 625 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of Ashland Global 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 purchasing an additional 700 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Ashland Global by 0.6% in the third quarter. New York State Common Retirement Fund now owns 184,400 shares of the basic materials company’s stock worth $12,058,000 after purchasing an additional 1,162 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Shares of Ashland Global (NYSE ASH) traded up $1.36 on Thursday, reaching $74.33. 1,130,793 shares of the company were exchanged, compared to its average volume of 386,665. The stock has a market capitalization of $4,625.18, a P/E ratio of -7,433,000.00, a P/E/G ratio of 2.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.31. Ashland Global has a 1-year low of $59.80 and a 1-year high of $128.19.

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Ashland Global 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.

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

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