Streetbeat News

ASHTF

Ashtead Group plc

http://www.ashtead-group.com/

CEO

Brendan Horgan

Industry

Other Commercial and Industrial Machinery and Equipment Rental and Leasing

Open

62.00

Mkt cap

27B

Volume

150

High

62.00

P/E Ratio

17.49

52-wk high

83.00

Low

61.75

Div yield

0.00

52-wk low

59.60

Ashtead Group reported a year-over-year increase in Q2 revenues due to higher rental revenues but missed earnings estimates. The company lowered its FY25 revenue growth guidance, citing a weaker U.S. market.

Portfolio Pulse from

December 13, 2024 | 4:30 pm

Ashtead Group's long-term growth potential remains strong despite near-term uncertainties and recent earnings misses. The company's FY29 adjusted EBITDA guidance is supported by strong demand for mega projects and positive indicators like the Dodge momentum index. However, risks include elevated interest rates and potential policy changes from Trump.

Portfolio Pulse from

December 12, 2024 | 3:15 am

Ashtead Group PLC experienced a significant decline in stock value following a profit warning and subsequent analyst estimate cuts. The company's plan to shift its primary listing to the US was overshadowed by the negative financial outlook.

Portfolio Pulse from

December 11, 2024 | 11:00 am

Ashtead Group PLC announced plans to switch its primary listing to the US, but disappointing results overshadowed the news, causing shares to drop 12.4%.

Portfolio Pulse from

December 10, 2024 | 12:00 pm

Ashtead Group, a FTSE 100 equipment rental company, plans to move its primary listing from the London Stock Exchange to the U.S. This move aims to increase its exposure to investors and allow for inclusion in major U.S. equity indices.

Portfolio Pulse from

December 10, 2024 | 9:45 am

Ashtead Group PLC plans to switch its primary listing from the UK to the US, citing the US market as a more suitable long-term venue for the company.

Portfolio Pulse from

December 10, 2024 | 8:15 am

The CNBC Halftime Report highlighted final trades including The Walt Disney Company, ASHTEAD GROUP PLC, The Trade Desk, and iShares U.S. Healthcare ETF.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:02 pm

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