NYSE:ASH - Ashland Global Stock Price, News, & Analysis

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$79.45 +0.03 (+0.04 %)
(As of 04/24/2019 02:03 PM ET)
Previous Close$79.42
Today's Range$79.04 - $79.99
52-Week Range$64.81 - $86.63
Volume187,250 shs
Average Volume671,986 shs
Market Capitalization$4.98 billion
P/E Ratio22.19
Dividend Yield1.28%
Beta1.31
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. This segment offers its solutions for the pharmaceutical companies; makers of personal care products, food, and beverages; makers of nutraceuticals and supplements; manufacturers of paint, coatings, and construction materials; packaging and converting markets; and oilfield service companies. Its Composites segment manufactures and sells a range of unsaturated polyester and vinyl ester resins, gelcoats, and low-profile additives for the reinforced plastics industry; and molten maleic anhydride for the manufacture of various products, such as unsaturated polyester resins, copolymers, lubricating oil additives, alkenyl succinic anhydrides, malic acid, fumaric acid, and derivative chemicals. This segment serves manufacturers of residential and commercial building products, industrial product specifiers and manufacturers, wind blade manufacturers, pipe manufacturers, automotive and truck original equipment manufacturers and suppliers, boat builders, and chemical producers. The company's Intermediates and Solvents produces 1,4 butanediol and related derivatives, including tetrahydrofuran and n-methylpyrrolidone that are used as chemical intermediates in the production of engineering polymers and polyurethanes, as well as specialty process solvents used in electronics, pharmaceuticals, water filtration membranes, and others. The company was formerly known as Ashland Inc. and changed its name to Ashland Global Holdings Inc. in September 2016. Ashland Global Holdings Inc. was founded in 1924 and is headquartered in Covington, Kentucky.

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Industry, Sector and Symbol

Industry Chemicals & allied products
Sub-IndustrySpecialty Chemicals
SectorBasic Materials
CUSIP04420910
Phone859-815-3333

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.74 billion
Cash Flow$8.7693 per share
Book Value$54.56 per share

Profitability

Net Income$114 million

Miscellaneous

Employees6,000
Market Cap$4.98 billion
Next Earnings Date4/30/2019 (Confirmed)
OptionableOptionable

Ashland Global (NYSE:ASH) Frequently Asked Questions

What is Ashland Global's stock symbol?

Ashland Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASH."

How often does Ashland Global pay dividends? What is the dividend yield for Ashland Global?

Ashland Global announced a quarterly dividend on Friday, February 1st. Investors of record on Friday, March 1st will be paid a dividend of $0.25 per share on Friday, March 15th. This represents a $1.00 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, February 28th. View Ashland Global's Dividend History.

How will Ashland Global's stock buyback program work?

Ashland Global declared that its Board of Directors has approved a share buyback plan on Wednesday, March 21st 2018, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

How were Ashland Global's earnings last quarter?

Ashland Global Holdings Inc (NYSE:ASH) announced its quarterly earnings data on Tuesday, February, 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The basic materials company earned $576 million during the quarter, compared to the consensus estimate of $585.78 million. Ashland Global had a return on equity of 6.17% and a net margin of 2.01%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business earned $0.03 earnings per share. View Ashland Global's Earnings History.

When is Ashland Global's next earnings date?

Ashland Global is scheduled to release their next quarterly earnings announcement on Tuesday, April 30th 2019. View Earnings Estimates for Ashland Global.

How can I listen to Ashland Global's earnings call?

Ashland Global will be holding an earnings conference call on Wednesday, May 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What guidance has Ashland Global issued on next quarter's earnings?

Ashland Global issued an update on its FY19 earnings guidance on Tuesday, February, 5th. The company provided earnings per share guidance of $3.10-3.40 for the period, compared to the Thomson Reuters consensus estimate of $3.25. Ashland Global also updated its FY 2019 guidance to $3.10-3.40 EPS.

What price target have analysts set for ASH?

9 brokers have issued 12 month price targets for Ashland Global's stock. Their predictions range from $68.23 to $96.00. On average, they expect Ashland Global's stock price to reach $89.6538 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Price Targets for Ashland Global.

What is the consensus analysts' recommendation for Ashland Global?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ashland Global in the last year. There are currently 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ashland Global.

What are Wall Street analysts saying about Ashland Global stock?

Here are some recent quotes from research analysts about Ashland Global stock:
  • 1. According to Zacks Investment Research, "Ashland Global Holdings Inc. is engaged in providing specialty chemical solutions. It serves consumer and industrial markets which includes adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical sector. Ashland Global Holdings Inc., formerly known as Ashland Inc., is based in Covington, United States. " (12/5/2018)
  • 2. KeyCorp analysts commented, "Supported by strength in both Materials and Chemical, along with improvements in price/mix benefits and lower raw material costs (particularly CTO), NGVT reported robust 1Q18 results with adjusted EBITDA of $67.1M compared to our/Street’s $56M/ $56.4M. With solid performance during the quarter and robust market dynamics, management updated 2018 guidance which now calls for sales of $1.10B-$1.13B ($1.07B-$1.13B) and adjusted EBITDA of $293M-$307M ($285M-$305M previously). With the updated outlook, we raise our 2018 EBITDA to $300M from $295M. Maintain Outperform." (5/3/2018)

Has Ashland Global been receiving favorable news coverage?

News coverage about ASH stock has trended very positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ashland Global earned a coverage optimism score of 3.3 on InfoTrie's scale. They also gave news coverage about the basic materials company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term.

Who are some of Ashland Global's key competitors?

What other stocks do shareholders of Ashland Global own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ashland Global investors own include Activision Blizzard (ATVI), Celgene (CELG), Citigroup (C), Honeywell International (HON), Nike (NKE), Autodesk (ADSK), Masimo (MASI), CF Industries (CF), Canopy Growth (CGC) and EOG Resources (EOG).

Who are Ashland Global's key executives?

Ashland Global's management team includes the folowing people:
  • Mr. William A. Wulfsohn, Chairman & CEO (Age 57)
  • Mr. John Kevin Willis, Sr. VP & CFO (Age 54)
  • Dr. Keith C. Silverman Ph.D., Sr. VP of Global Operations, Quality, Environmental, Health & Safety (Age 52)
  • Mr. Peter J. Ganz, Sr. VP, Gen. Counsel, Sec. and Chief Legal & Compliance Officer (Age 57)
  • Ms. Anne T. Schumann, Sr. VP and Chief HR & Information Technology Officer (Age 59)

Who are Ashland Global's major shareholders?

Ashland Global's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Retirement Systems of Alabama (0.33%), Hennessy Advisors Inc. (0.33%), Gateway Investment Advisers LLC (0.19%), Handelsinvest Investeringsforvaltning (0.12%), First Financial Bank Trust Division (0.09%) and BB&T Corp (0.05%). Company insiders that own Ashland Global stock include Anne T Schumann, J Kevin Willis, Keith C Silverman, Osama M Musa, Peter Ganz and William J Heitman. View Institutional Ownership Trends for Ashland Global.

Which institutional investors are selling Ashland Global stock?

ASH stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Town & Country Bank & Trust CO dba First Bankers Trust CO, BB&T Corp, Gateway Investment Advisers LLC, Joel Isaacson & Co. LLC, FNY Investment Advisers LLC and Patten & Patten Inc. TN. Company insiders that have sold Ashland Global company stock in the last year include J Kevin Willis, Keith C Silverman, Osama M Musa and William J Heitman. View Insider Buying and Selling for Ashland Global.

Which institutional investors are buying Ashland Global stock?

ASH stock was purchased by a variety of institutional investors in the last quarter, including Handelsinvest Investeringsforvaltning, Pennsylvania Trust Co, Pennsylvania Trust Co, Quantitative Systematic Strategies LLC, First Citizens Bank & Trust Co., Leavell Investment Management Inc., First Financial Bank Trust Division and Brinker Capital Inc.. View Insider Buying and Selling for Ashland Global.

How do I buy shares of Ashland Global?

Shares of ASH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Ashland Global's stock price today?

One share of ASH stock can currently be purchased for approximately $79.45.

How big of a company is Ashland Global?

Ashland Global has a market capitalization of $4.98 billion and generates $3.74 billion in revenue each year. The basic materials company earns $114 million in net income (profit) each year or $3.58 on an earnings per share basis. Ashland Global employs 6,000 workers across the globe.

What is Ashland Global's official website?

The official website for Ashland Global is http://www.ashland.com.

How can I contact Ashland Global?

Ashland Global's mailing address is 50 East RiverCenter Boulevard, COVINGTON KY, 41011. The basic materials company can be reached via phone at 859-815-3333 or via email at [email protected]


MarketBeat Community Rating for Ashland Global (NYSE ASH)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  461 (Vote Outperform)
Underperform Votes:  316 (Vote Underperform)
Total Votes:  777
MarketBeat's community ratings are surveys of what our community members think about Ashland Global and other stocks. Vote "Outperform" if you believe ASH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ASH will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/24/2019 by MarketBeat.com Staff

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