Ashtead Group (LON:AHT) released its quarterly earnings data on Tuesday. The company reported GBX 175 ($2.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 175.10 ($2.23) by GBX (0.10) ($0.00), Digital Look Earnings reports.
Shares of AHT stock traded up GBX 29 ($0.37) during mid-day trading on Wednesday, reaching GBX 2,678 ($34.08). 1,444,068 shares of the company were exchanged, compared to its average volume of 2,210,000. The business’s 50 day simple moving average is GBX 2,310.94 and its 200 day simple moving average is GBX 2,259.37. The company has a market capitalization of $10.74 billion and a P/E ratio of 15.42. Ashtead Group has a fifty-two week low of GBX 1,010 ($12.85) and a fifty-two week high of GBX 2,797 ($35.60). The company has a debt-to-equity ratio of 181.56, a quick ratio of 1.12 and a current ratio of 1.22.
The firm also recently announced a dividend, which will be paid on Friday, September 11th. Shareholders of record on Thursday, August 13th will be given a GBX 33.50 ($0.43) dividend. This represents a dividend yield of 1.26%. This is a positive change from Ashtead Group’s previous dividend of $7.15. The ex-dividend date is Thursday, August 13th. Ashtead Group’s dividend payout ratio is presently 23.23%.
Ashtead Group Company Profile
Ashtead Group plc, together with its subsidiaries, rents a range of construction and industrial equipment. It offers equipment for use in lifting, powering, generation, moving, digging, compacting, drilling, supporting, scrubbing, pumping, directing, heating, and ventilating works. The company provides various types of construction equipment for non-residential construction markets; and facilities management equipment for the maintenance and repair of facilities.
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