Ashtead Technology (LON:AT) Releases Earnings Results

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

Ashtead Technology Price Performance

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

Ashtead Technology Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 1st will be given a dividend of GBX 1.20 ($0.02) per share. This represents a dividend yield of 0.21%. This is a boost from Ashtead Technology’s previous dividend of $1.10. The ex-dividend date of this dividend is Thursday, May 1st. Ashtead Technology’s payout ratio is presently 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.