Ashtead Group (ASHTY) Expected to Announce Quarterly Earnings on Tuesday

Ashtead Group (OTCMKTS:ASHTY) is anticipated to issue its quarterly earnings data on Tuesday, June 17th. Analysts expect the company to announce earnings of $3.13 per share and revenue of $2.05 billion for the quarter.

Ashtead Group Price Performance

Ashtead Group stock opened at $234.98 on Tuesday. The company has a fifty day simple moving average of $222.20 and a 200-day simple moving average of $246.53. Ashtead Group has a 12-month low of $186.01 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 has a market cap of $25.26 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.67.

Analysts Set New Price Targets

ASHTY has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Ashtead Group in a research report on Wednesday, March 5th. Royal Bank of Canada downgraded shares of Ashtead Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Ashtead Group has an average rating of “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.