Ashtead Group (OTCMKTS:ASHTY) Posts Quarterly Earnings Results

Ashtead Group (OTCMKTS:ASHTY) issued its quarterly earnings data on Tuesday. The company reported $3.09 earnings per share for the quarter, missing analysts’ consensus estimates of $3.47 by ($0.38), Zacks reports. Ashtead Group had a net margin of 14.78% and a return on equity of 22.65%.

Ashtead Group Price Performance

ASHTY stock opened at $239.09 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09. The stock has a market cap of $26.02 billion, a PE ratio of 16.94, a P/E/G ratio of 1.49 and a beta of 1.69. The company has a 50-day moving average price of $254.53 and a 200 day moving average price of $283.84. Ashtead Group has a 12 month low of $235.29 and a 12 month high of $337.95.

Ashtead Group Cuts Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank of Canada upgraded Ashtead Group from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group lowered shares of Ashtead Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

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.