Ashtead Aktie News

Ashtead Group plc (OTCPK:ASHTF) Q3 2024 Results Conference Call March 5, 2024 5:00 AM ET Company Participants Brendan Horgan - CEO & Executive Director Michael Pratt - CFO & Director Conference Call Participants Rob Wertheimer - Melius Annelies Vermeulen - Morgan Stanley Suhasini Varanasi - Goldman Sachs William Kirkness - Societe Generale Arnaud Lehmann - BofA Neil Tyler - Redburn James Rosent...

Ashtead Group PLC (LSE:AHT) fell over 8% in early trading after the industrial equipment rental firm said slow third-quarter trading meant revenue growth would be at the low end of expectations. Rental revenue growth in North America was constrained by longer-than-expected strikes by actors and writers, the FTSE 100 firm said in an update, alongside lower emergency response activity to natural ...

ASHTY continues to show positive growth traction, with revenue growth of 13% and rental revenue growth of 11% in the US segment. ASHTY has won 30% of mega project deals, which suggests to me there is significant long-term growth potential. Margins may face near-term headwinds due to early project delivery and utilization issues, but are expected to expand in the future.

Ashtead Group plc (OTCPK:ASHTF) Q2 2024 Earnings Conference Call December 5, 2023 4:00 AM ET Company Participants Brendan Horgan - Chief Executive Officer Michael Pratt - Chief Financial Officer Conference Call Participants Lush Mahendrarajah - JPMorgan Annelies Vermeulen - Morgan Stanley Will Kirkness - Societe Generale Arnaud Lehmann - Bank of America Allen Wells - Jefferies James Rose - Barc...

Ashtead Group's rental revenue has shown strong growth, making it well-positioned to benefit from large mega projects in the US. The company's revenue increased by 19% in 1Q24, with notable growth in the US market. Ashtead's prospects in the Mega Projects business are expected to be a major growth driver, with the company doubling its market share over the past quarter.

Ashtead's stock price has inched up since I gave it a hold rating four months ago. It has released two sets of results in the time. Company performance continues to be healthy, with both revenue and earnings growth. Its market multiples also indicated some upside. However, there are risks from the continued drop in leading indicators from the US market and its own rental revenue has grown at th...

Ashtead Group plc (OTCPK:ASHTF) Q1 2024 Results Conference Call September 5, 2023 4:00 AM ET Company Participants Brendan Horgan - Chief Executive Officer Michael Pratt - Chief Financial Officer Conference Call Participants Suhasini Varanasi - Goldman Sachs Rob Wertheimer - Melius Research Will Kirkness - SocieteGenerale Lush Mahendrarajah - JP Morgan Neil Tyler - Redburn Atlantic Arnaud Lehman...

Ashtead Group PLC (LSE:AHT) is due to report first-quarter results on Tuesday 5 September and, since it has a large and booming US business, is likely to be questioned by investors and analysts about whether migrating its listing from London to New York like several others recently might be a good idea. Fears about London's status as a financial hub have taken a severe dent this year as many co...