Ashtead Group (AHT) Posts Earnings Results

Ashtead Group (LON:AHT) announced its earnings results on Tuesday. The company reported GBX 98.80 ($1.29) earnings per share (EPS) for the quarter, Bloomberg Earnings reports.

LON:AHT traded down GBX 12 ($0.16) during mid-day trading on Thursday, reaching GBX 1,735.50 ($22.68). 2,406,661 shares of the company were exchanged, compared to its average volume of 2,210,000. Ashtead Group has a 12 month low of GBX 1,476 ($19.29) and a 12 month high of GBX 2,185 ($28.55).

The business also recently disclosed a dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Thursday, January 17th will be issued a dividend of GBX 6.50 ($0.08) per share. This represents a yield of 0.39%. The ex-dividend date is Thursday, January 17th.

A number of equities research analysts recently issued reports on the stock. Numis Securities reiterated a “buy” rating on shares of Ashtead Group in a research report on Wednesday, September 12th. Deutsche Bank reiterated a “hold” rating on shares of Ashtead Group in a research report on Friday, August 17th. Liberum Capital reiterated a “buy” rating and set a GBX 2,390 ($31.23) target price on shares of Ashtead Group in a research report on Tuesday. UBS Group reissued a “sell” rating on shares of Ashtead Group in a report on Friday, September 7th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 2,500 ($32.67) price objective on shares of Ashtead Group in a report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,330 ($30.45).

In related news, insider Ian Sutcliffe acquired 13,933 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were purchased at an average price of GBX 1,794 ($23.44) per share, with a total value of £249,958.02 ($326,614.43).

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About Ashtead Group

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.

See Also: Book Value Per Share – BVPS

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