Ashland Global Holdings Inc. (NYSE:ASH) is set to announce third quarter earning results on Tuesday 28th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ASH to report 3Q20 income of $ 0.80 per share from revenue of $ 571.32 million.
For the full year, analysts anticipate top line of $ 2288.67 million, while looking forward to income of $ 2.54 per share bottom line.
Previous Quarter Performance
Ashland Global Holdings Inc. unveiled income for the second quarter of $ 0.84 per share, from the revenue of $ 610.00 million. The quarterly earnings contracted 37.65 percent while revenues compared with the same quarter last year.
According to street consensus, ASH was expected to report 2Q20 income of $ 0.81 per share from revenue of $ 618.76 million. The bottom line results beat street analysts by $ 0.03 or 3.70 percent, at the same time, top line results fell short of analysts by $ 8.76 million or 1.42 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ASH was $ 79.65, representing a 104.86 % increase from the 52 week low of $ 38.88 and a 2.65 % decrease over the 52 week high of $ 81.82.
The company has a market capital of $ 4.82 billion and is part of the Basic Materials sector and Chemicals industry.
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Recent Analyst recommendations
- On 9th July 2020, maintained by UBS Group at Buy rating, with $ 78.00 target price.
- On 24th June 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 80.00 target price.
Recent Stock Dividend Announcement
On May 20, 2020, the board of directors authorized quarterly dividend of $ 0.275 per share to holders of record as of the close of business on June 1, 2020, with payment date of June 15, 2020 and ex-dividend date on May 29, 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.
