Ashland Inc (ASH) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.83 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $1.74. The company posted revenue of $1247.00 million in the period, compared to analysts expectations of $1251.60 million. The company’s revenue was down -7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 EPS.
Many Wall Street Analysts have commented on Ashland Inc. Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 118 from a previous price target of $109 .
Ashland Inc opened for trading at $114.6 and hit $116.2525 on the upside on Friday, eventually ending the session at $115.84, with a gain of 1.48% or 1.69 points. The heightened volatility saw the trading volume jump to 3,29,959 shares. Company has a market cap of $7,324 M.
In a different news, on Apr 22, 2016, Anne T. Schumann (Vice President) sold 195 shares at $115.00 per share price. According to the SEC, on Apr 4, 2016, Peter Ganz (Senior Vice President) sold 3,000 shares at $109.30 per share price. On Nov 25, 2015, J Kevin Willis (Chief Financial Officer) sold 1,173 shares at $111.38 per share price, according to the Form-4 filing with the securities and exchange commission.
Ashland Inc. (Ashland) is a specialty chemical company that provides products services and solutions to industries. The Companys segments are: Ashland Specialty Ingredients offers products technologies and resources in key markets including personal and home care pharmaceutical food and beverage coatings construction energy and other industries; Ashland Water Technologies is a supplier of specialty chemicals and services to the pulp paper mining food and beverage power generation refining chemical processing general manufacturing and municipal markets. Ashland Performance Materials helps customers to create substitutes for traditional materials through higher performing cost-efficient resin and adhesive technologies that improve the manufacturing fabrication and design process and Ashland Consumer Markets delivers premium-branded automotive commercial and industrial lubricants automotive chemicals and car-care products.