Ashtead Group (ASHTY) Projected to Post Earnings on Tuesday

Key Points

• Ashtead Group is expected to announce its earnings on Tuesday, September 2nd, with analysts predicting earnings of $4.76 per share for the quarter.
• The company will pay a boosted dividend of $2.81 per share on September 25th, up from the previous dividend of $1.44, with a dividend yield of 155.0%.
• Royal Bank Of Canada recently downgraded Ashtead Group from a "moderate buy" to a "hold" rating, while the stock holds a consensus rating of "Moderate Buy" from analysts.

Ashtead Group (OTCMKTS:ASHTY - Get Free Report) is projected to post its results before the market opens on Tuesday, September 2nd. Analysts expect Ashtead Group to post earnings of $4.76 per share for the quarter.

Ashtead Group Price Performance

ASHTY stock opened at $294.6330 on Tuesday. The stock has a 50-day moving average price of $267.60 and a two-hundred day moving average price of $243.14. The stock has a market cap of $31.30 billion, a PE ratio of 21.30 and a beta of 1.71. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. Ashtead Group has a 1 year low of $186.01 and a 1 year high of $337.95.

Ashtead Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, August 11th will be issued a dividend of $2.81 per share. This is a boost from Ashtead Group's previous dividend of $1.44. The ex-dividend date is Friday, August 8th. This represents a yield of 155.0%. Ashtead Group's dividend payout ratio is currently 40.64%.

Analyst Ratings Changes

Separately, Royal Bank Of Canada cut Ashtead Group from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ashtead Group presently has a consensus rating of "Moderate Buy".

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.

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