Ashtead Group (ASHTY) Projected to Announce Earnings on Tuesday

Ashtead Group (OTCMKTS:ASHTY) is expected to be posting 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 issued its earnings results 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 Trading Down 1.0 %

OTCMKTS:ASHTY opened at $244.42 on Tuesday. The company 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. Ashtead Group has a 1 year low of $235.29 and a 1 year high of $337.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.31 and a quick ratio of 1.22. The stock’s fifty day moving average price is $256.59 and its two-hundred day moving average price is $285.13.

Ashtead Group Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ASHTY shares. The Goldman Sachs Group downgraded shares of Ashtead Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada raised Ashtead Group from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd.

About Ashtead Group

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.