Ashtead Group (ASHTY) Projected to Post Quarterly Earnings on Tuesday

Ashtead Group (OTCMKTS:ASHTY) is anticipated to post its quarterly earnings results on Tuesday, March 4th. Analysts expect Ashtead Group to post earnings of $3.47 per share and revenue of $2.16 billion for the quarter.

Ashtead Group (OTCMKTS:ASHTY) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $4.64 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.32). Ashtead Group had a return on equity of 22.65% and a net margin of 14.78%. On average, analysts expect Ashtead Group to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Ashtead Group Stock Performance

Shares of ASHTY opened at $244.42 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 1.09. The stock has a market cap of $26.60 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.49 and a beta of 1.69. The business’s 50 day moving average price is $256.59 and its 200-day moving average price is $285.13. Ashtead Group has a 52 week low of $235.29 and a 52 week high of $337.95.

Ashtead Group Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 24th. Shareholders of record on Friday, January 10th were issued a $1.44 dividend. The ex-dividend date of this dividend was Friday, January 10th. Ashtead Group’s dividend payout ratio (DPR) is 19.70%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ASHTY. Royal Bank of Canada raised Ashtead Group from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group cut shares of Ashtead Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.