Ashtead Group (ASHTY) Expected to Announce Quarterly Sales of $1.24 Billion
Equities analysts expect Ashtead Group (NASDAQ:ASHTY) to report $1.24 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ashtead Group’s earnings. Ashtead Group posted sales of $1.09 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 13.8%. The company is expected to issue its next quarterly earnings report on Tuesday, December 5th.
On average, analysts expect that Ashtead Group will report full-year sales of $1.24 billion for the current year, with estimates ranging from $4.63 billion to $4.70 billion. For the next fiscal year, analysts anticipate that the company will report sales of $5.04 billion per share, with estimates ranging from $4.97 billion to $5.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Ashtead Group.
Separately, Zacks Investment Research upgraded Ashtead Group from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Monday, September 25th.
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Shares of Ashtead Group (ASHTY) opened at 99.84 on Thursday. Ashtead Group has a one year low of $60.39 and a one year high of $99.84. The stock has a market capitalization of $12.42 billion and a P/E ratio of 17.73. The stock’s 50 day moving average price is $93.13 and its 200 day moving average price is $86.17.
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