Ashland (ASH) Set to Announce Quarterly Earnings on Tuesday

Ashland (NYSE:ASH) is set to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.19 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Ashland (NYSE:ASH) last issued its earnings results on Wednesday, January 31st. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.24. Ashland had a net margin of 7.62% and a return on equity of 5.95%. The company had revenue of $473.00 million during the quarter, compared to analysts’ expectations of $478.69 million. During the same period last year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. On average, analysts expect Ashland to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ashland Trading Down 0.4 %

Shares of Ashland stock opened at $95.63 on Tuesday. Ashland has a 12-month low of $70.82 and a 12-month high of $103.43. The company has a current ratio of 3.30, a quick ratio of 1.88 and a debt-to-equity ratio of 0.44. The stock has a market cap of $4.79 billion, a PE ratio of 31.35 and a beta of 0.92. The company has a 50-day moving average of $95.00 and a two-hundred day moving average of $85.83.

Analyst Ratings Changes

ASH has been the subject of a number of research analyst reports. Wells Fargo & Company raised shares of Ashland from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $100.00 to $112.00 in a report on Thursday, April 11th. Jefferies Financial Group raised shares of Ashland from a “hold” rating to a “buy” rating and increased their target price for the company from $100.00 to $126.00 in a report on Thursday, March 14th. Wolfe Research initiated coverage on shares of Ashland in a research note on Friday, March 1st. They set an “outperform” rating and a $108.00 price objective for the company. StockNews.com raised shares of Ashland from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ashland from $70.00 to $88.00 and gave the stock an “underweight” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

Ashland Company Profile

Ashland Inc provides additives and specialty ingredients in the North and Latin America, Europe, Asia Pacific, and internationally. It operates through Life Sciences, Personal Care, Specialty Additives, and Intermediates segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions.