Analysts Expect Ashtead Group (ASHTY) Will Post Quarterly Sales of $1.24 Billion
Wall Street brokerages expect that Ashtead Group (NASDAQ:ASHTY) will post sales of $1.24 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ashtead Group’s earnings. Ashtead Group posted sales of $1.09 billion during the same quarter last year, which would suggest a positive year over year growth rate of 13.8%. The business is scheduled to report its next quarterly earnings results on Tuesday, December 5th.
According to Zacks, 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 financial year, analysts expect that the business 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 averages are an average based on a survey of analysts that follow Ashtead Group.
Separately, Zacks Investment Research upgraded shares of Ashtead Group from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Thursday, September 14th.
Shares of Ashtead Group (ASHTY) opened at 104.45 on Tuesday. The firm’s 50-day moving average price is $98.50 and its 200-day moving average price is $87.84. Ashtead Group has a one year low of $60.39 and a one year high of $104.60.
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