Brokers Set Expectations for ASHTEAD Grp PLC/ADR’s FY2019 Earnings (ASHTY)

ASHTEAD Grp PLC/ADR (OTCMKTS:ASHTY) – Analysts at Jefferies Financial Group raised their FY2019 earnings per share (EPS) estimates for shares of ASHTEAD Grp PLC/ADR in a research note issued on Tuesday, September 11th, Zacks Investment Research reports. Jefferies Financial Group analyst W. Kirkness now expects that the company will post earnings per share of $8.88 for the year, up from their previous forecast of $8.76. Jefferies Financial Group also issued estimates for ASHTEAD Grp PLC/ADR’s FY2020 earnings at $10.18 EPS and FY2021 earnings at $11.38 EPS.

A number of other research firms have also weighed in on ASHTY. Zacks Investment Research lowered ASHTEAD Grp PLC/ADR from a “buy” rating to a “hold” rating in a research report on Monday, June 18th. ValuEngine lowered ASHTEAD Grp PLC/ADR from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd.

Shares of ASHTEAD Grp PLC/ADR stock traded down $1.24 during trading hours on Wednesday, reaching $122.57. 2,912 shares of the company were exchanged, compared to its average volume of 10,240. ASHTEAD Grp PLC/ADR has a 1 year low of $96.89 and a 1 year high of $131.40. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $15.75 billion, a P/E ratio of 18.21, a P/E/G ratio of 0.97 and a beta of 1.48.

ASHTEAD Grp PLC/ADR (OTCMKTS:ASHTY) last posted its quarterly earnings data on Tuesday, September 11th. The company reported $2.43 earnings per share for the quarter. ASHTEAD Grp PLC/ADR had a return on equity of 28.62% and a net margin of 28.31%. The business had revenue of $1.43 billion for the quarter.

ASHTEAD Grp PLC/ADR 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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