Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday following a dissappointing earnings announcement. The stock traded as low as $223.72 and last traded at $325.35, with a volume of 15685 shares. The stock had previously closed at $239.09.
The company reported $3.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.47 by ($0.38). The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.16 billion. Ashtead Group had a net margin of 14.78% and a return on equity of 22.65%.
Ashtead Group Cuts Dividend
The firm also recently declared a dividend, which was paid on Monday, February 24th. Investors of record on Friday, January 10th were issued a $1.44 dividend. The ex-dividend date of this dividend was Friday, January 10th. Ashtead Group's payout ratio is 19.97%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. The Goldman Sachs Group cut Ashtead Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Royal Bank of Canada raised Ashtead Group from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 3rd.
Check Out Our Latest Analysis on Ashtead Group
Ashtead Group Stock Up 2.6 %
The business has a fifty day moving average of $255.07 and a two-hundred day moving average of $283.22. 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 company has a market cap of $25.91 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.49 and a beta of 1.77.
Ashtead Group Company Profile
(
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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.
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