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About Ashland Global (NYSE:ASH)
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 Ratio32.39
Forward P/E Ratio22.97
Sales & Book Value
Annual Sales$3.26 billion
Price / Sales1.51
Cash Flow$9.0412 per share
Price / Cash8.74
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 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 declared a quarterly dividend on Friday, May 18th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.225 per share on Friday, June 15th. This represents a $0.90 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, May 31st. View Ashland Global's Dividend History.
How will Ashland Global's stock buyback program work?
Ashland Global declared that its board has initiated a share buyback plan on Wednesday, March 21st 2018, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
How were Ashland Global's earnings last quarter?
Ashland Global Holdings Inc (NYSE:ASH) posted its earnings results on Tuesday, May, 1st. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.19. The basic materials company had revenue of $974 million for the quarter, compared to analyst estimates of $955.39 million. Ashland Global had a positive return on equity of 5.77% and a negative net margin of 0.62%. During the same quarter in the prior year, the business earned $1.71 earnings per share. View Ashland Global's Earnings History.
When is Ashland Global's next earnings date?
What guidance has Ashland Global issued on next quarter's earnings?
Ashland Global issued an update on its FY18 earnings guidance on Tuesday, May, 1st. The company provided EPS guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.15. Ashland Global also updated its Q3 guidance to $0.95-1.05 EPS.
What price target have analysts set for ASH?
11 analysts have issued twelve-month price objectives for Ashland Global's shares. Their forecasts range from $77.00 to $118.00. On average, they anticipate Ashland Global's share price to reach $85.5556 in the next twelve months. 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. 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 Global's key competitors?
Some companies that are related to Ashland Global include Asahi Kasei (AHKSY), DSM (RDSMY), FMC (FMC), The Chemours (CC), Johnson Matthey (JMPLY), 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 Global's key executives?
Ashland Global'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 Global been receiving favorable news coverage?
Press coverage about ASH stock has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ashland Global earned a news sentiment score of 0.17 on Accern's scale. They also assigned news stories about the basic materials company an impact score of 46.95 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Ashland Global's major shareholders?
Ashland Global'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 Global 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 Global.
Which major investors are selling Ashland Global 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 Global 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 Global.
Which major investors are buying Ashland Global 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 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 $79.02.
How big of a company is Ashland Global?
Ashland Global has a market capitalization of $4.93 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 Global employs 6,500 workers across the globe.
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 investor_r[email protected]
MarketBeat Community Rating for Ashland Global (ASH)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.
Ashland Global (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 Global 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 Global (NYSE:ASH) Consensus Price Target History
Ashland Global (NYSE:ASH) Analyst Ratings History
(Data available from 5/27/2016 forward)
Ashland Global (NYSE:ASH) Dividend Information
Ashland Global 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 Global 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)
9.95% (Based on Cash Flow)
Ashland Global (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 Global (NYSE ASH) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.14%
Institutional Ownership Percentage: 94.46%
Ashland Global (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 Global (NYSE ASH) News Headlines
Ashland Global (NYSE:ASH) SEC Filings
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Ashland Global (NYSE:ASH) Income Statement, Balance Sheet and Cash Flow Statement
Ashland Global (NYSE ASH) Stock Chart for Sunday, May, 27, 2018