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Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. Its Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges. It offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, vinyl pyrrolidones, and acrylic polymers, as well as polyester and polyurethane-based adhesives. This segment offers its solutions for pharmaceutical companies; makers of personal care products, food, and beverages; manufacturers of paint, coatings, and construction materials; makers of nutraceuticals and supplements; packaging and converting markets; and oilfield service companies. The company's 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 and pipe manufacturers; automotive and truck OEM suppliers; boat builders; chemical producers; and electronics makers. Its Intermediates and Solvents segment 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.
Industry, Sector and Symbol
Industry Chemicals & allied products
Trailing P/E Ratio32.36
Forward P/E Ratio22.97
Sales & Book Value
Annual Sales$3.26 billion
Price / Sales1.51
Cash Flow$9.1884 per share
Price / Cash8.60
Book Value$56.26 per share
Price / Book1.40
EPS (Most Recent Fiscal Year)$2.44
Net Income$1 million
Return on Equity5.77%
Return on Assets2.31%
Ashland (NYSE:ASH) Frequently Asked Questions
What is Ashland's stock symbol?
Ashland trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASH."
How often does Ashland pay dividends? What is the dividend yield for Ashland?
Ashland declared a quarterly dividend on Friday, May 18th. Stockholders of record on Friday, June 1st will be given a dividend of $0.225 per share on Friday, June 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, May 31st. View Ashland's Dividend History.
How will Ashland's stock buyback program work?
Ashland announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 21st 2018, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
How were Ashland's earnings last quarter?
Ashland Inc. (NYSE:ASH) issued its earnings results on Tuesday, May, 1st. The basic materials company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.19. The basic materials company had revenue of $974 million for the quarter, compared to analysts' expectations of $955.39 million. Ashland had a positive return on equity of 5.77% and a negative net margin of 0.62%. During the same period in the previous year, the company earned $1.71 EPS. View Ashland's Earnings History.
When is Ashland's next earnings date?
What guidance has Ashland issued on next quarter's earnings?
Ashland updated its FY18 earnings guidance on Tuesday, May, 1st. The company provided earnings per share (EPS) guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.15. Ashland also updated its Q3 guidance to $0.95-1.05 EPS.
What price target have analysts set for ASH?
11 Wall Street analysts have issued twelve-month price objectives for Ashland's stock. Their predictions range from $77.00 to $118.00. On average, they anticipate Ashland's share price to reach $85.5556 in the next twelve months. View Analyst Ratings for Ashland.
What are Wall Street analysts saying about Ashland stock?
Here are some recent quotes from research analysts about Ashland stock:
- 1. 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)
- 2. 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. " (4/3/2018)
Who are some of Ashland's key competitors?
Some companies that are related to Ashland include Asahi Kasei (AHKSY), DSM (RDSMY), FMC (FMC), Johnson Matthey (JMPLY), The Chemours (CC), Huntsman (HUN), Olin (OLN), W. R. Grace and (GRA), Univar (UNVR), Ingevity (NGVT), Balchem (BCPC), GCP Applied Technologies (GCP), PQ Group (PQG), Innospec (IOSP) and KMG Chemicals (KMG).
Who are Ashland's key executives?
Ashland's management team includes the folowing people:
- Mr. William A. Wulfsohn, Chairman & CEO (Age 56)
- Mr. John Kevin Willis, Sr. VP & CFO (Age 53)
- Mr. J. William Heitman, VP, Controller & Principal Accounting Officer (Age 64)
- Ms. Anne T. Schumann, Sr. VP & Chief HR & IT Officer (Age 58)
- Mr. Peter J. Ganz, Sr. VP, Gen. Counsel, Sec. & Chief Compliance Officer (Age 56)
Has Ashland been receiving favorable news coverage?
Media stories about ASH stock have been trending very positive this week, according to Accern. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ashland earned a media sentiment score of 0.50 on Accern's scale. They also gave news headlines about the basic materials company an impact score of 41.79 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Ashland's major shareholders?
Ashland's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.62%), Neuberger Berman Group LLC (3.99%), Wedge Capital Management L L P NC (2.47%), OZ Management LP (2.46%), Lord Abbett & CO. LLC (2.00%) and Dimensional Fund Advisors LP (2.00%). Company insiders that own Ashland stock include Anne T Schumann, J Kevin Willis, Keith C Silverman, Luis M Fernandez-Moreno, Peter Ganz and William J Heitman. View Institutional Ownership Trends for Ashland.
Which institutional investors are selling Ashland stock?
ASH stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, OZ Management LP, Prudential Financial Inc., DekaBank Deutsche Girozentrale, Naya Capital Management UK Ltd., KBC Group NV, Federated Investors Inc. PA and Wedge Capital Management L L P NC. Company insiders that have sold Ashland company stock in the last year include Anne T Schumann, J Kevin Willis, Keith C Silverman, Peter Ganz and William J Heitman. View Insider Buying and Selling for Ashland.
Which institutional investors are buying Ashland stock?
ASH stock was purchased by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Lord Abbett & CO. LLC, Millennium Management LLC, Water Island Capital LLC, Handelsbanken Fonder AB, Handelsbanken Fonder AB, BlackRock Inc. and Natixis. View Insider Buying and Selling for Ashland.
How do I buy shares of Ashland?
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's stock price today?
One share of ASH stock can currently be purchased for approximately $79.02.
How big of a company is Ashland?
Ashland has a market capitalization of $4.85 billion and generates $3.26 billion in revenue each year. The basic materials company earns $1 million in net income (profit) each year or $2.44 on an earnings per share basis. Ashland employs 6,500 workers across the globe.
How can I contact Ashland?
Ashland'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 (ASH)MarketBeat's community ratings are surveys of what our community members think about Ashland 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.
Ashland (NYSE:ASH) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
11 Wall Street analysts have issued ratings and price targets for Ashland in the last 12 months. Their average twelve-month price target is $85.5556, suggesting that the stock has a possible upside of 8.27%. The high price target for ASH is $118.00 and the low price target for ASH is $77.00. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus rating of "Buy."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.82||2.80||2.63||2.67|
|Ratings Breakdown: ||0 Sell Rating(s)|
2 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$85.5556||$84.50||$84.1429||$82.3333|
|Price Target Upside: ||8.27% upside||22.46% upside||15.92% upside||24.73% upside|
Ashland (NYSE:ASH) Consensus Price Target History
Ashland (NYSE:ASH) Analyst Ratings History
(Data available from 5/25/2016 forward)
Ashland (NYSE:ASH) Dividend Information
Ashland pays an annual dividend of $0.90 per share, with a dividend yield of 1.14%. ASH's next quarterly dividend payment will be made on Friday, June 15. Ashland pays out 36.89% of its earnings out as a dividend.
|Dividend Growth:||-7.80% (3 Year Average)|
|Payout Ratio(s):||36.89% (Trailing 12 Months of Earnings) |
26.16% (Based on This Year's Estimates)
22.84% (Based on Next Year's Estimates)
9.79% (Based on Cash Flow)
Ashland (NYSE:ASH) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Ashland (NYSE ASH) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.14%
Institutional Ownership Percentage: 94.46%
Ashland (NYSE ASH) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/26/2018||Keith C Silverman||VP||Sell||1,678||$70.02||$117,493.56||1,358|| |
|2/1/2018||William J Heitman||Insider||Sell||4,495||$70.31||$316,043.45||15,152|| |
|1/17/2018||Anne T. Schumann||Insider||Sell||11,733||$73.26||$859,559.58|| |
|1/16/2018||Anne T. Schumann||SVP||Sell||8,507||$73.46||$624,924.22|| |
|11/27/2017||J Kevin Willis||CFO||Sell||8,152||$70.70||$576,346.40|| |
|11/20/2017||J Kevin Willis||CFO||Sell||2,543||$70.63||$179,612.09|| |
|11/20/2017||Peter Ganz||Insider||Sell||3,379||$70.63||$238,658.77|| |
|11/17/2017||J Kevin Willis||CFO||Sell||916||$70.61||$64,678.76|| |
|11/15/2017||J Kevin Willis||CFO||Sell||1,352||$66.23||$89,542.96|| |
|4/11/2017||Anne T. Schumann||VP||Sell||4,003||$125.64||$502,936.92|| |
|2/22/2017||Luis M. Fernandez-Moreno||Insider||Sell||2,609||$123.85||$323,124.65|| |
|1/17/2017||William J. Heitman||Insider||Sell||4,000||$110.46||$441,840.00|| |
|11/15/2016||J Kevin Willis||CFO||Sell||1,555||$106.84||$166,136.20|| |
|7/18/2016||Anne T. Schumann||VP||Sell||496||$121.61||$60,318.56|| |
|7/12/2016||Anne T. Schumann||VP||Sell||903||$120.00||$108,360.00|| |
|5/4/2016||J Kevin Willis||CFO||Sell||1,183||$110.99||$131,301.17||11,240|| |
|4/21/2016||Anne T Schumann||VP||Sell||195||$115.00||$22,425.00||11,688|| |
|4/13/2016||Anne T Schumann||VP||Sell||172||$112.00||$19,264.00||11,839|| |
|4/1/2016||Peter Ganz||SVP||Sell||3,000||$109.30||$327,900.00||23,266|| |
|11/24/2015||J Kevin Willis||CFO||Sell||1,173||$111.38||$130,648.74||12,806|| |
|11/13/2015||George A. Schaefer, Jr.||Director||Sell||2,937||$108.85||$319,692.45||3,736|| |
|9/23/2015||Theodore L. Harris||SVP||Sell||11,277||$108.77||$1,226,599.29||13,098|| |
|7/14/2015||Peter Ganz||SVP||Sell||1,200||$119.60||$143,520.00|| |
|5/11/2015||Luis M Fernandez-Moreno||SVP||Sell||1,300||$132.00||$171,600.00|| |
|4/13/2015||Theodore L Harris||SVP||Sell||5,000||$130.08||$650,400.00|| |
|4/8/2015||Theodore L Harris||SVP||Sell||16,793||$128.31||$2,154,709.83|| |
|4/7/2015||William J Heitman||Insider||Sell||1,974||$128.65||$253,955.10|| |
|3/25/2015||Luis M Fernandez-Moreno||SVP||Sell||3,868||$127.52||$493,247.36|| |
|1/12/2015||Anne T Schumann||VP||Sell||1,314||$120.03||$157,719.42|| |
|1/8/2015||Walter H Solomon||VP||Sell||6,344||$119.00||$754,936.00|| |
|1/6/2015||William J Heitman||Insider||Sell||1,424||$117.66||$167,547.84|| |
|1/5/2015||J Kevin Willis||CFO||Sell||6,940||$117.51||$815,519.40|| |
|1/5/2015||Susan B Esler||VP||Sell||2,485||$118.50||$294,472.50|| |
|12/30/2014||Theodore L Harris||SVP||Sell||4,519||$120.27||$543,500.13|| |
|12/3/2014||J Kevin Willis||CFO||Sell||1,587||$116.94||$185,583.78|| |
|9/11/2014||Walter H Solomon||VP||Sell||2,866||$107.98||$309,470.68|| |
|9/4/2014||Susan B Esler||VP||Sell||5,255||$108.42||$569,747.10|| |
|9/2/2014||Michael J Ward||Director||Sell||12,912||$107.64||$1,389,847.68|| |
|7/7/2014||James J /Ky Obrien||CEO||Sell||160,933||$108.14||$17,403,294.62|| |
|5/9/2014||J Kevin Willis||CFO||Sell||2,377||$103.79||$246,708.83||15,915|| |
|5/8/2014||Anne Schumann||VP||Sell||1,532||$101.55||$155,574.60||7,673|| |
|5/8/2014||Samuel Mitchell||SVP||Sell||12,470||$101.55||$1,266,328.50||24,012|| |
|5/8/2014||William Heitman||Insider||Sell||6,730||$101.55||$683,431.50||7,830|| |
|5/7/2014||Walter Solomon||VP||Sell||3,117||$102.76||$320,302.92||22,645|| |
|4/1/2014||Theodore Harris||SVP||Sell||1,495||$99.83||$149,245.85||37,152|| |
|3/27/2014||Theodore Harris||SVP||Sell||1,329||$97.46||$129,524.34||38,647|| |
|3/24/2014||Theodore Harris||SVP||Sell||5,767||$97.91||$564,646.97||38,481|| |
|3/5/2014||George Schaefer, Jr.||Director||Sell||9,975||$94.49||$942,537.75||3,736|| |
|2/25/2014||John Panichella||SVP||Sell||19,945||$94.27||$1,880,215.15||5|| |
|1/10/2014||Susan Esler||VP||Sell||1,583||$99.04||$156,780.32|| |
|1/6/2014||Susan Esler||VP||Sell||2,413||$97.27||$234,712.51||1,583|| |
|1/2/2014||Peter Ganz||SVP||Sell||2,641||$96.55||$254,988.55|| |
|12/9/2013||J Kevin Willis||CFO||Sell||1,012||$95.00||$96,140.00||1,199|| |
|8/19/2013||James /Ky Obrien||CEO||Sell||87,712||$86.61||$7,596,736.32|| |
|8/19/2013||Susan Esler||VP||Sell||3,588||$87.24||$313,017.12|| |
|7/16/2013||Samuel J Mitchell||SVP||Sell||7,212||$84.92||$612,443.04|| |
|12/4/2012||John E Panichella||SVP||Sell||15,900||$73.05||$1,161,495.00|| |
Ashland (NYSE ASH) News Headlines
Ashland (NYSE:ASH) SEC Filings
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Ashland (NYSE:ASH) Income Statement, Balance Sheet and Cash Flow Statement
Ashland (NYSE ASH) Stock Chart for Friday, May, 25, 2018