Ashland Inc (NYSE: ASH) has reported E.P.S. of $-0.15 for its fourth fiscal quarter (ending September 30) versus $1.13 for the same period a year ago — a decline of -113%. Relative to the consensus estimate of $0.81, this was a shortfall of $-0.96. For the latest four quarters through September 30, E.P.S. were $3.13 compared to $3.26 a year ago — a decline of -4%.
Recent Price Action
On 11/8/23, Ashland Inc (NYSE: ASH) stock rose slightly by 0.01%, closing at $76.55. Relative to the market the stock has been weak over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ASH is expected to continue to be a Value Builder.
Ashland has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ashland has a neutral Appreciation Score of 48 but a very low Power Rating of 12, producing the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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