|Bid||2,514.00 x 0|
|Ask||2,518.00 x 0|
|Day's range||2,445.00 - 2,551.00|
|52-week range||1,010.00 - 2,797.00|
|Beta (5Y monthly)||1.30|
|PE ratio (TTM)||14.25|
|Earnings date||16 Jun 2020|
|Forward dividend & yield||0.41 (1.64%)|
|Ex-dividend date||16 Jan 2020|
|1y target est||2,438.13|
The company, which rents out diggers, construction tools and other equipment, expects underlying pretax profit for the year through April 30 to be about 1.05 billion pounds. Last year, Ashtead had reported http://www.ashtead-group.com/lib/docs/193411-q42019results-pressrelease.pdf a profit of 1.11 billion pounds. Ashtead's Sunbelt business, however, posted a 2% rise in its March rental revenue in the United States as the unit provided equipment and services to first responders, hospitals, alternative care facilities and other essential services.
The bourse subsequently recouped a bulk of those losses to end 0.3% lower, boosted by a Wall Street Journal report https://on.wsj.com/2E1KAph that negotiators from Washington and Beijing were planning on delaying tariffs set to come into effect this Sunday. The FTSE 250 <.FTMC> shed 0.7%, as recent optimism over a prospective victory for the Conservative Party in Britain's Dec. 12 election gave way to concerns about slowing economic growth. Data showed Britain's economy grew at its slowest annual pace in nearly seven years in October.
The UK-based company, which last year benefited from a weaker sterling as the value of its dollar revenues rose, said that except for the UK and a currency headwind, it expected results to be in line with expectations. The company posted higher half-yearly pretax profit, driven by growth in its North America business and led by a rise in non-construction activity. Ashtead, which rents out diggers, construction tools and other equipment, said underlying pretax profit rose 6% to 633 million pounds on a post-IFRS basis for the six months ended Oct. 31.
Investing.com -- Here is a summary of the most important regulatory news releases on Tuesday, 10th December. Please refresh for updates.
The FTSE 100 company, which rents out diggers, construction tools and other equipment, said underlying pretax profit rose 9% to 319 million pounds in the three months ended July 31, compared to analysts' expectations of 317 million pounds. The company's results follows a bumper 2018-19, with Ashtead seeing an uptick in construction companies choosing to rent equipment instead of buying, and as U.S. construction activity boomed.
The FTSE-100 company, which rents out diggers, construction tools and other equipment, said underlying pretax profit rose to 1.11 billion pounds ($1.39 billion) in the year ended April 30, from 927.3 million pounds a year earlier. Total revenue at Sunbelt U.S. increased 20% to $4.99 billion from a year earlier, driving a 19% rise in the group's overall revenue at 4.50 billion pounds ($5.64 billion).