In the latest session, Ashland Inc. (NYSE: ASH) closed at $87.28 down -2.16% from its previous closing price of $89.21. In other words, the price has decreased by -$1.93 from its previous closing price. On the day, 583886 shares were traded. ASH stock price reached its highest trading level at $88.75 during the session, while it also had its lowest trading level at $86.97.
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For a deeper understanding of Ashland Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 3.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.41.
Upgrades & Downgrades
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 01 when Sandler Ricky C bought 224,156 shares for $100.20 per share. The transaction valued at 22,460,431 led to the insider holds 4,083,978 shares of the business.
Sandler Ricky C sold 224,156 shares of ASH for $22,460,431 on Sep 01. The Director now owns 4,083,978 shares after completing the transaction at $100.20 per share. On Jun 08, another insider, BONI ERIC N, who serves as the Principal Accounting Officer of the company, sold 2,657 shares for $109.50 each. As a result, the insider received 290,942 and left with 10,640 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASH now has a Market Capitalization of 5.43B and an Enterprise Value of 6.32B. As of this moment, Ashland’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.41, and their Forward P/E ratio for the next fiscal year is 13.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 2.63 whereas that against EBITDA is 12.65.
Stock Price History:
Over the past 52 weeks, ASH has reached a high of $114.36, while it has fallen to a 52-week low of $86.64. The 50-Day Moving Average of the stock is 97.18, while the 200-Day Moving Average is calculated to be 102.59.
For the past three months, ASH has traded an average of 439.52K shares per day and 553.79k over the past ten days. A total of 54.00M shares are outstanding, with a floating share count of 52.16M. Insiders hold about 0.30% of the company’s shares, while institutions hold 96.80% stake in the company. Shares short for ASH as of Apr 27, 2023 were 476.34k with a Short Ratio of 0.48M, compared to 586.43k on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.90% and a Short% of Float of 0.99%.
Dividends & Splits
According to the company, the forward annual dividend rate for ASH is 1.54, from 1.34 in the trailing year. Against a Trailing Annual Dividend Yield of 1.50%, it implies a Forward Annual Dividend Yield of 1.71%. The stock’s 5-year Average Dividend Yield is 1.33. The current Payout Ratio is 32.00% for ASH, which recently paid a dividend on Jun 14, 2023 with an ex-dividend date of May 30, 2023. Stock splits for the company last occurred on May 14, 2017 when the company split stock in a 511:250 ratio.
There are 10 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.78 for the current quarter, with a high estimate of $2.07 and a low estimate of $1.5, while EPS last year was $1.89. The consensus estimate for the next quarter is $1.8, with high estimates of $2.04 and low estimates of $1.43.
Analysts are recommending an EPS of between $6.5 and $5.51 for the fiscal current year, implying an average EPS of $5.93. EPS for the following year is $6.64, with 11 analysts recommending between $7.61 and $5.15.
A total of 8 analysts believe the company’s revenue will be $626.55M this quarter.It ranges from a high estimate of $662M to a low estimate of $612M. As of the current estimate, Ashland Inc.’s year-ago sales were $644M, an estimated decrease of -2.70% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $630.57M, a decrease of -0.10% over than the figure of -$2.70% in the same quarter last year. There is a high estimate of $665.7M for the next quarter, whereas the lowest estimate is $610.66M.
A total of 9 analysts have provided revenue estimates for ASH’s current fiscal year. The highest revenue estimate was $2.45B, while the lowest revenue estimate was $2.33B, resulting in an average revenue estimate of $2.38B. In the same quarter a year ago, actual revenue was $2.39B, down -0.50% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.5B in the next fiscal year. The high estimate is $2.58B and the low estimate is $2.32B. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.