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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Ashtead Group plc    AHT   GB0000536739

ASHTEAD GROUP PLC

(AHT)
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Delayed Quote. Delayed London Stock Exchange - 12/09 11:35:14 am
2366 GBp   -0.42%
12/09ASHTEAD GROUP PLC : - Transaction in Own Shares
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12/05ASHTEAD GROUP PLC : half-yearly earnings release
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Ashtead : profits increase as firm cashes in on growing demand

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09/11/2019 | 01:21am EST

EQUIPMENT rental firm Ashtead enjoyed a profit boost of nearly a tenth over the summer, as its US business Sunbelt cashed in on higher demand for leasing gear.

The FTSE 100 company has reaped the benefits of construction firms choosing to rent equipment instead of buying in recent years.

Pre-tax profit was £304.7m for the three months ending 31 July, an eight per cent increase on the first quarter last year. Revenue rose 17 per cent to £1.28bn, while earnings per share were up 12 per cent to 49.1p.

Ashtead's US business drove the company's growth, with revenue in the division increasing 18 per cent to $1.38bn (£1.12bn).

Chief executive Brendan Horgan said: "Our North American end markets remain strong and we continue to execute well on our strategy of organic growth supplemented by targeted bolt-on acquisitions."

Shares fell 1.4 per cent to 2,255p.

(c) 2019 City A.M., source Newspaper

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Financials (GBP)
Sales 2020 5 212 M
EBIT 2020 1 453 M
Net income 2020 905 M
Debt 2020 4 238 M
Yield 2020 1,86%
P/E ratio 2020 12,2x
P/E ratio 2021 11,1x
EV / Sales2020 2,87x
EV / Sales2021 2,55x
Capitalization 10 731 M
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Technical analysis trends ASHTEAD GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2 593,49  GBp
Last Close Price 2 366,00  GBp
Spread / Highest target 35,2%
Spread / Average Target 9,61%
Spread / Lowest Target -9,13%
EPS Revisions
Managers
NameTitle
Brendan Horgan Chief Executive Officer, COO & Executive Director
Paul Ashton Walker Non-Executive Chairman
Michael Pratt Finance Director, Treasurer & Executive Director
Lucinda Jane Riches Independent Non-Executive Director
Tanya D. Fratto Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ASHTEAD GROUP PLC44.53%14 117
AIR LEASE CORPORATION55.05%5 273
TRITON INTERNATIONAL LIMITED21.63%2 730
AIRCASTLE LIMITED86.19%2 396
UNIDAS - TODOS OS DIREITOS RESERVADOS44.60%2 024
MCGRATH RENTCORP48.52%1 872