Ashland (ASH) Scheduled to Post Earnings on Tuesday

Ashland (NYSE:ASH) will be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.19 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

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

Ashland Price Performance

Shares of Ashland stock opened at $95.63 on Tuesday. The stock’s 50-day simple moving average is $95.00 and its 200-day simple moving average is $85.83. Ashland has a 52 week low of $70.82 and a 52 week high of $103.43. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 31.35 and a beta of 0.92. The company has a quick ratio of 1.88, a current ratio of 3.30 and a debt-to-equity ratio of 0.44.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ASH shares. Wells Fargo & Company upgraded Ashland from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $112.00 in a research report on Thursday, April 11th. Wolfe Research started coverage on Ashland in a research report on Friday, March 1st. They issued an “outperform” rating and a $108.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Ashland from $70.00 to $88.00 and gave the stock an “underweight” rating in a research report on Thursday, February 1st. Jefferies Financial Group upgraded Ashland from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $126.00 in a research report on Thursday, March 14th. Finally, TheStreet upgraded Ashland from a “c+” rating to a “b-” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

About Ashland

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.