For its third fiscal quarter (ending June 30), Ashland Inc (NYSE: ASH) has reported a -26% decline in E.P.S. from $0.81 a year ago to $0.60 in the current quarter. This result fell short of the consensus estimate of $1.45 by $-0.85. For the latest four quarters through June 30, E.P.S. were $3.38 compared to $4.42 a year ago — a decline of -24%.
Recent Price Action
On 8/6/24, Ashland Inc (NYSE: ASH) stock increased 1.7%, closing at $90.39. Moreover, this advance was accompanied by above average trading volume at 129% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.7% during the last week.
Current PriceTarget Research Rating
ASH is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ashland has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ashland has a neutral Appreciation Score of 44 but a very high Power Rating of 88, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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