Shares of Ashtead Group plc (OTCMKTS:ASHTY – Get Free Report) hit a new 52-week low during trading on Tuesday following a weaker than expected 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 EPS for the quarter, missing analysts’ consensus estimates of $3.47 by ($0.38). Ashtead Group had a return on equity of 22.65% and a net margin of 14.78%. The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.16 billion.
Ashtead Group Cuts Dividend
The company also recently declared a dividend, which was paid on Monday, February 24th. Shareholders of record on Friday, January 10th were paid a dividend of $1.44 per share. The ex-dividend date of this dividend was Friday, January 10th. Ashtead Group’s dividend payout ratio (DPR) is 19.70%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Ashtead Group
Ashtead Group Price Performance
The company has a market cap of $35.41 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 1.49 and a beta of 1.69. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 1.09. The company has a fifty day simple moving average of $256.01 and a two-hundred day simple moving average of $284.20.
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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