Ashtead Group (OTCMKTS:ASHTY) Releases Quarterly Earnings Results, Misses Expectations By $0.38 EPS

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

Ashtead Group Trading Down 0.1 %

Shares of OTCMKTS:ASHTY opened at $239.09 on Tuesday. The business’s 50-day moving average is $254.53 and its 200 day moving average is $283.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.31 and a quick ratio of 1.22. Ashtead Group has a 1 year low of $235.29 and a 1 year high of $337.95. The firm has a market capitalization of $26.02 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.49 and a beta of 1.69.

Ashtead Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

ASHTY has been the topic of a number of analyst reports. The Goldman Sachs Group downgraded Ashtead Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Royal Bank of Canada upgraded 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.