Ashtead Group (OTCMKTS:ASHTY) Posts Earnings Results, Misses Estimates By $0.38 EPS

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

Ashtead Group Stock Down 0.1 %

Shares of OTCMKTS:ASHTY opened at $239.09 on Tuesday. Ashtead Group has a 12-month low of $235.29 and a 12-month high of $337.95. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09. The stock’s 50-day moving average price is $254.53 and its 200-day moving average price is $283.84. The stock has a market capitalization of $26.02 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 1.49 and a beta of 1.69.

Ashtead Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 24th. Shareholders of record on Friday, January 10th were paid a $1.44 dividend. The ex-dividend date was Friday, January 10th. Ashtead Group’s dividend payout ratio is presently 19.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada upgraded Ashtead Group from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group cut Ashtead Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

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.