ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) declared a Semi-Annual dividend on Tuesday, July 28th, Zacks reports. Investors of record on Friday, August 14th will be paid a dividend of 1.69 per share on Friday, September 25th. The ex-dividend date is Thursday, August 13th. This is a positive change from ASHTEAD GRP PLC/ADR’s previous Semi-Annual dividend of $0.33.
Shares of OTCMKTS ASHTY traded up $0.96 during mid-day trading on Thursday, hitting $132.44. 1,909 shares of the company were exchanged, compared to its average volume of 4,638. The stock has a 50 day simple moving average of $132.46 and a 200-day simple moving average of $117.92. ASHTEAD GRP PLC/ADR has a 1-year low of $53.33 and a 1-year high of $145.70. The company has a quick ratio of 1.49, a current ratio of 1.60 and a debt-to-equity ratio of 1.85. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 14.96 and a beta of 1.83.
ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) last issued its earnings results on Tuesday, June 16th. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.75). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.45 billion. ASHTEAD GRP PLC/ADR had a net margin of 14.87% and a return on equity of 26.94%. Analysts anticipate that ASHTEAD GRP PLC/ADR will post 6.13 earnings per share for the current fiscal year.
A number of analysts recently weighed in on ASHTY shares. Barclays restated an “overweight” rating on shares of ASHTEAD GRP PLC/ADR in a research note on Wednesday, June 17th. Berenberg Bank restated a “sell” rating on shares of ASHTEAD GRP PLC/ADR in a research report on Wednesday, July 1st. Zacks Investment Research upgraded shares of ASHTEAD GRP PLC/ADR from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. UBS Group reissued a “neutral” rating on shares of ASHTEAD GRP PLC/ADR in a report on Tuesday, April 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of ASHTEAD GRP PLC/ADR in a report on Friday, June 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold”.
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.
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