Ashtead Group (ASHTY) to Release Earnings on Tuesday

Ashtead Group (OTCMKTS:ASHTY) is expected to be issuing 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 Trading Down 2.9%

Shares of OTCMKTS ASHTY opened at $229.28 on Friday. The company’s fifty day moving average is $225.24 and its 200-day moving average is $244.59. The stock has a market cap of $24.63 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.49 and a beta of 1.67. Ashtead Group has a twelve month low of $186.01 and a twelve month high of $337.95. The company has a quick ratio of 1.22, a current ratio of 1.31 and a debt-to-equity ratio of 1.09.

Wall Street Analysts Forecast Growth

ASHTY has been the topic of a number of recent analyst reports. Royal Bank of Canada cut shares of Ashtead Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ashtead Group in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

About Ashtead Group

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.