Ashland Analysts Increase Their Forecasts After Strong Q2 Results

Ashland Inc (NYSE: ASH ) on Tuesday posted better-than-expected earnings for the second quarter. The company reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of 98 cents per share. The company reported quarterly sales of $497.000 million which beat the analyst consensus estimate of $485.979 million. Ashland affirmed its FY2026 sales guidance of $1.835 billion-$1.870 billion, versus market estimates of $1.850 billion. “Ashland’s third-quarter results reflected broad-based demand and strong commercial execution across the portfolio,” said Guillermo Novo, chair and chief executive officer, Ashland. Ashland shares gained 5.6% to trade at $71.86 on Wednesday. These analysts made changes to their price targets on Ashland following earnings announcement. BMO Capital analyst John McNulty maintained the stock with an Outperform rating and rai...