Ashland Global Holdings Inc. (NYSE:ASH) declared a quarterly dividend on Friday, January 29th, Zacks reports. Stockholders of record on Friday, February 26th will be given a dividend of 0.275 per share by the basic materials company on Monday, March 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, February 25th.
Ashland Global has raised its dividend payment by 3.3% over the last three years and has raised its dividend annually for the last 1 consecutive years. Ashland Global has a dividend payout ratio of 21.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ashland Global to earn $4.21 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 26.1%.
Ashland Global stock opened at $86.17 on Tuesday. The business's 50-day simple moving average is $85.21 and its 200-day simple moving average is $77.71. Ashland Global has a 52 week low of $38.88 and a 52 week high of $89.62. The firm has a market capitalization of $5.23 billion, a PE ratio of -10.26 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.25 and a current ratio of 1.90.
Ashland Global (NYSE:ASH) last posted its quarterly earnings data on Tuesday, February 2nd. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Ashland Global had a negative net margin of 21.84% and a positive return on equity of 5.40%. The company had revenue of $552.00 million for the quarter, compared to the consensus estimate of $540.18 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business's revenue was up 3.6% compared to the same quarter last year. Research analysts forecast that Ashland Global will post 3.69 earnings per share for the current year.
A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Ashland Global from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday, February 8th. Credit Suisse Group raised their price target on shares of Ashland Global from $94.00 to $103.00 and gave the stock an "outperform" rating in a research note on Friday, February 5th. Monness Crespi & Hardt increased their target price on Ashland Global from $88.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, February 5th. Finally, Zacks Investment Research cut Ashland Global from a "buy" rating to a "hold" rating and set a $86.00 price objective for the company. in a report on Monday, November 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Ashland Global has a consensus rating of "Buy" and a consensus price target of $90.50.
In related news, SVP Peter Ganz sold 2,549 shares of Ashland Global stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $75.93, for a total transaction of $193,545.57. Following the transaction, the senior vice president now owns 41,532 shares of the company's stock, valued at approximately $3,153,524.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J Kevin Willis sold 4,074 shares of the business's stock in a transaction that occurred on Monday, December 28th. The shares were sold at an average price of $80.00, for a total transaction of $325,920.00. Following the transaction, the chief financial officer now owns 938 shares of the company's stock, valued at approximately $75,040. The disclosure for this sale can be found here. Insiders own 10.08% of the company's stock.
Ashland Global Company Profile
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.
Further Reading: What is required to own or exchange cryptocurrency?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Post-Inauguration Stocks to Buy For Under $20
There’s a new occupant (officially) at 1600 Pennsylvania Avenue and the stock market is doing its part to promote unity. The Dow shot to a record high on Inauguration Day. We don’t imagine the honeymoon will last long. However it serves as a reminder that investors are more interested in the “what” more than “what party” when it comes to the way it moves.
With that said, many investors are attempting to read the tea leaves of the nascent Biden administration. One of the challenges will be that many of the usual suspects such as the FAANG stocks remain popular, yet frighteningly expensive (in terms of share price).
Valuation is in the eye of the beholder. But some investors may be looking for low-priced stocks that can get them more bang for their buck. The good news is that there are many stocks that you can buy for under $20 that not only show impressive growth, but are leaning in to the macroeconomic issues that will be present during at least the early part of the Biden administration.
In this special presentation, we’re giving you seven of our picks for low-priced stocks you can buy for under $20 today. But take note, these stocks may easily be over $20 in the next few months.
View the "7 Post-Inauguration Stocks to Buy For Under $20".