FY2020 EPS Estimates for ASHTEAD GRP PLC/ADR Cut by Jefferies Financial Group (OTCMKTS:ASHTY)

ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) – Investment analysts at Jefferies Financial Group reduced their FY2020 earnings estimates for ASHTEAD GRP PLC/ADR in a research report issued to clients and investors on Tuesday, December 10th. Jefferies Financial Group analyst W. Kirkness now forecasts that the company will earn $9.98 per share for the year, down from their previous forecast of $10.15.

ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) last posted its earnings results on Tuesday, September 10th. The company reported $2.60 earnings per share (EPS) for the quarter. ASHTEAD GRP PLC/ADR had a return on equity of 28.52% and a net margin of 26.42%. The company had revenue of $1.62 billion for the quarter.

ASHTY has been the topic of several other research reports. Zacks Investment Research lowered ASHTEAD GRP PLC/ADR from a “hold” rating to a “strong sell” rating in a research note on Monday, September 9th. ValuEngine lowered ASHTEAD GRP PLC/ADR from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 19th.

ASHTY opened at $122.36 on Thursday. The business’s 50-day moving average is $121.95 and its two-hundred day moving average is $111.72. ASHTEAD GRP PLC/ADR has a 1 year low of $79.77 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.15 and a quick ratio of 1.04. The firm has a market capitalization of $15.54 billion, a PE ratio of 13.52 and a beta of 1.82.

About ASHTEAD GRP PLC/ADR

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.

Featured Story: Why does a company issue an IPO?

Earnings History and Estimates for ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY)

Receive News & Ratings for ASHTEAD GRP PLC/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASHTEAD GRP PLC/ADR and related companies with MarketBeat.com's FREE daily email newsletter.