Ashtead Group plc (OTCMKTS:ASHTY – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 500 shares, a growth of 400.0% from the October 15th total of 100 shares. Based on an average daily trading volume, of 12,900 shares, the days-to-cover ratio is presently 0.0 days.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on ASHTY shares. Barclays raised shares of Ashtead Group to a “strong-buy” rating in a research note on Thursday, August 1st. Berenberg Bank raised shares of Ashtead Group to a “strong-buy” rating in a report on Thursday, September 19th.
Check Out Our Latest Analysis on Ashtead Group
Ashtead Group Stock Performance
Ashtead Group (OTCMKTS:ASHTY – Get Free Report) last announced its earnings results on Tuesday, September 3rd. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.03. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.74 billion. Ashtead Group had a return on equity of 23.60% and a net margin of 14.94%. Sell-side analysts anticipate that Ashtead Group will post 15.38 EPS for the current fiscal year.
Ashtead Group Company Profile
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.
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