Ashtead Group (ASHTY) to Release Quarterly Earnings on Tuesday

Ashtead Group (OTCMKTS:ASHTY) will likely be posting its results before the market opens on Tuesday, December 9th. Analysts expect Ashtead Group to post earnings of $4.55 per share for the quarter.

Ashtead Group Price Performance

Shares of OTCMKTS ASHTY opened at $254.80 on Monday. Ashtead Group has a twelve month low of $186.01 and a twelve month high of $332.52. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average of $266.02 and a two-hundred day moving average of $266.77. The company has a market capitalization of $26.66 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.97 and a beta of 1.79.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ASHTY shares. Jefferies Financial Group cut Ashtead Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 11th. Royal Bank Of Canada downgraded shares of Ashtead Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. BNP Paribas raised shares of Ashtead Group from an “underperform” rating to an “outperform” rating in a research report on Tuesday, September 16th. Finally, Zacks Research downgraded shares of Ashtead Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.