Ashtead Group plc (ASHTY) to Issue Dividend of $3.35 on September 27th

Posted by on Jul 31st, 2023

Ashtead Group plc (OTCMKTS:ASHTY – Get Free Report) announced a dividend on Saturday, July 29th, NASDAQ reports. Stockholders of record on Friday, August 11th will be given a dividend of 3.35 per share on Wednesday, September 27th. The ex-dividend date is Thursday, August 10th. This is a positive change from Ashtead Group’s previous dividend of $0.55.

Ashtead Group Stock Performance

OTCMKTS ASHTY opened at $295.57 on Monday. Ashtead Group has a 1 year low of $165.51 and a 1 year high of $299.34. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.01 and a quick ratio of 0.92. The firm has a market cap of $32.38 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.10 and a beta of 1.80. The company has a fifty day moving average price of $271.02 and a 200-day moving average price of $257.55.

Ashtead Group (OTCMKTS:ASHTY – Get Free Report) last posted its earnings results on Tuesday, June 13th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.13. Ashtead Group had a net margin of 17.30% and a return on equity of 30.50%. The firm had revenue of $2.13 billion during the quarter. As a group, equities research analysts predict that Ashtead Group will post 17.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of Ashtead Group from GBX 5,450 ($69.88) to GBX 5,500 ($70.52) in a research report on Thursday, June 15th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Ashtead Group from GBX 4,460 ($57.19) to GBX 5,100 ($65.39) in a research report on Thursday, June 15th. Societe Generale assumed coverage on shares of Ashtead Group in a research report on Wednesday, May 3rd. They set a “buy” rating for the company. Berenberg Bank increased their target price on shares of Ashtead Group from GBX 405 ($5.19) to GBX 450 ($5.77) in a research report on Wednesday, May 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Ashtead Group from GBX 6,700 ($85.91) to GBX 6,200 ($79.50) in a research report on Monday, July 17th.

Ashtead Group Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Ashtead Group (OTCMKTS:ASHTY)

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