Ashtead Group (OTCMKTS:ASHTY) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Ashtead Group (OTCMKTS:ASHTY) released its quarterly earnings results on Tuesday. The company reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.55 by $0.12, Zacks reports. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.97 billion. Ashtead Group had a return on equity of 20.89% and a net margin of 13.68%.

Ashtead Group Stock Performance

ASHTY stock opened at $258.04 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.34 and a quick ratio of 1.24. Ashtead Group has a 1 year low of $186.01 and a 1 year high of $331.62. The company has a market cap of $27.00 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 1.97 and a beta of 1.79. The stock’s fifty day moving average price is $265.77 and its 200-day moving average price is $266.96.

Wall Street Analyst Weigh In

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