Ashland Global Holdings Inc. (NYSE:ASH) is reporting fourth quarter financial results on Tuesday 10th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, ASH is expected to report 4Q20 income of $ 0.75 per share from revenue of $ 594.09 million.
For the full year, analysts anticipate top line of $ 2312.64 million, while looking forward to income of $ 2.56 per share bottom line.
Previous Quarter Performance
Ashland Global Holdings Inc. disclosed income for the third quarter of $ 0.84 per share, from the revenue of $ 574.00 million. The quarterly earnings gained 9.09 percent compared with the same quarter last year. Wall street analysts are predicting, ASH to report 3Q20 income of $ 0.80 per share from revenue of $ 571.32 million. The bottom line results beat street analysts by $ 0.04 or 5.00 percent, at the same time, top line results outshined analysts by $ 2.68 million or 0.47 percent.
Stock Performance
Shares of Ashland Global Holdings Inc. traded up $ 3.02 or 4.00 percent on Monday, reaching $ 78.51 with volume of 628.00 thousand shares. Ashland Global Holdings Inc. has traded high as $ 81.99 and has cracked $ 78.33 on the downward trend
According to the previous trading day, closing price of $ 78.51, representing a 94.16 % increase from the 52 week low of $ 38.88 and a 7.93 % decrease over the 52 week high of $ 81.99.
The company has a market capital of $ 4.75 billion and is part of the Basic Materials sector and Chemicals industry.
Recent Analyst recommendations
- On 22nd September 2020, initiated by Evercore ISI at In-Line rating, with $ 80.00 target price.
Recent Stock Dividend Announcement
On August 12, 2020, the board of directors authorized quarterly dividend of $ 0.275 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 15, 2020 and ex-dividend date on August 31, 2020.
Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. The companys Specialty Ingredients segment offers products, technologies, and resources for solving formulation and product-performance challenges.
