After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Ashland reports financial results1 for first quarter fiscal 2024; issues outlook for second quarter and full-year fiscal 2024.
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Stocks Info
ASH belongs to the Basic Materials sector of the NYSE while operating in the Specialty Chemicals industry. The current market capitalization of Ashland Inc is $4.66B. A total of 0.5 million shares were traded on the day, compared to an average of 552.35K shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ASH has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 3 SELLs from insiders. Insiders purchased 12,507 shares during that period but sold 9,236.
In the most recent transaction, LAMPKIN ROBIN E. sold 844 shares of ASH for 92.54 per share on Feb 16. After the transaction, the SVP, Gen Counsel and Secrty. now owns 2,883 company shares. In a previous transaction on Dec 07, BONI ERIC N sold 843 shares at 82.38 per share. ASH shares that Principal Accounting Officer owns now total 13,072.
Among the insiders who sold shares, WILLIS J KEVIN disposed of 7,866 shares on Sep 05 at a per-share price of $86.54. This resulted in the Sr.VP &Chief Financial Officer holding 11,583 shares of ASH after the transaction.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Ashland Inc pays an annual dividend of $1.49, resulting in a dividend yield of 1.60%, and it has a price to earnings (P/E) ratio of 30.13. ASH’s most recent ex-dividend date was 2/29/2024 when it declared a $0.3850 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The ASH stock dividend was $0.3850 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ASH in the last 3 months, the mean price target is $102.00 with high estimates of $115.00 and low estimates of $88.00. In terms of 52-week highs and lows, ASH has a high of $105.15 and a low of $70.82.
As of this writing, ASH has an earnings estimate of $1.16 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $1.43 per share and a lower estimate of $0.82. The company reported an EPS of $0.41 in the last quarter, which was -34.90% lower than expectations of $0.63.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ASH’s latest balance sheet shows that the firm has $210.00M in Cash & Short Term Investments as of fiscal 2021. There were $2.10B in debt and $934.00M in liabilities at the time. Its Book Value Per Share was $60.94, while its Total Shareholder’s Equity was $2.75B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ASH is Buy with a score of 3.80.
