Analysts Expect Ashtead Group (ASHTY) to Post $1.86 EPS
Wall Street analysts expect that Ashtead Group (NASDAQ:ASHTY) will announce earnings per share (EPS) of $1.86 for the current quarter, according to Zacks. Two analysts have issued estimates for Ashtead Group’s earnings. Ashtead Group posted earnings of $1.64 per share during the same quarter last year, which would suggest a positive year over year growth rate of 13.4%. The company is expected to announce its next quarterly earnings results on Tuesday, December 5th.
On average, analysts expect that Ashtead Group will report full-year earnings of $6.16 per share for the current year, with EPS estimates ranging from $6.14 to $6.17. For the next financial year, analysts expect that the company will post earnings of $6.78 per share, with EPS estimates ranging from $6.76 to $6.80. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Ashtead Group.
Separately, Zacks Investment Research upgraded Ashtead Group from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Monday, October 2nd.
Shares of Ashtead Group (ASHTY) traded down 2.38% during midday trading on Friday, hitting $101.83. The stock had a trading volume of 2,996 shares. Ashtead Group has a 12-month low of $60.39 and a 12-month high of $104.40. The firm has a market cap of $12.67 billion and a PE ratio of 18.08. The firm has a 50-day moving average of $98.08 and a 200 day moving average of $87.65.
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