Ashtead Technology (LON:AT) Announces Earnings Results

Ashtead Technology (LON:AT) posted its earnings results on Tuesday. The company reported GBX 45 ($0.58) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ashtead Technology had a net margin of 17.37% and a return on equity of 23.56%.

Ashtead Technology Stock Performance

The stock has a market cap of £433.02 million, a P/E ratio of 17.63 and a beta of 0.28. The company has a 50-day simple moving average of GBX 537.76. The company has a debt-to-equity ratio of 70.83, a current ratio of 1.82 and a quick ratio of 1.46. Ashtead Technology has a 52 week low of GBX 426 ($5.48) and a 52 week high of GBX 893 ($11.50).

Ashtead Technology Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 1st will be issued a dividend of GBX 1.20 ($0.02) per share. This is an increase from Ashtead Technology’s previous dividend of $1.10. This represents a dividend yield of 0.21%. The ex-dividend date of this dividend is Thursday, May 1st. Ashtead Technology’s payout ratio is currently 3.23%.

About Ashtead Technology

Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East. The company offers survey and robotics equipment comprising geophysical, hydrographic, metocean, land surveying, positioning, ROV sensors, non-destructive testing, subsea inspection, remote visual inspection, and environmental products.