Ashtead: Still A Long-Term Buy
Ashtead has seen a strong price rise in 2023 so far, far outpacing the S&P 500 index. Its upcoming results could bolster it further. The construction equipment rental provider has already seen robust growth, and its outlook is healthy too. It also has a record of beating expectations.
Proactive Investors
3 Monate alt
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Positiv
Ashtead Group PLC a top pick as Liberum says building materials and equipment hire sector will rebound in next year
Liberum expects the building materials and equipment hire sector to recover in 2023 with the rotation that impacted the sector in 2022 expected to reverse when inflation and interest rate expectations peak. The London-based broker sees strong labour markets, good infrastructure demand, and mega-projects in the US as mitigating factors in any potential downturn in demand.
Seeking Alpha
4 Monate alt
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Neutral
Ashtead Group plc (ASHTF) Q2 2023 Earnings Call Transcript
Ashtead Group plc (OTCPK:ASHTF) Q2 2023 Earnings Conference Call December 6, 2022 5:00 AM ET Company Participants Brendan Horgan - Chief Executive Officer Michael Pratt - Chief Financial Officer Will Shaw - Director, Investor Relations Conference Call Participants Rahul Chopra - HSBC Annelies Vermeulen - Morgan Stanley Arnaud Lehman - Bank of America James Rose - Barclays Dominic Edridge - Deut...
Proactive Investors
4 Monate alt
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Positiv
Ashtead Group PLC expects full-year results to beat expectations
Ashtead Group PLC (LSE:AHT) was in upbeat mood as it reported half-year numbers forecasting full-year results would be “ahead of our previous expectations.” “Our business is performing well with clear momentum in robust end markets” the company said.
Ashtead: Long-Term Buy
Industrial equipment supplier Ashtead reported strong financials recently and upgraded revenue forecasts. Despite high inflation and a recession in the US, its biggest market, it's poised to make further gains. The US's infrastructure spending is expected to bolster the construction sector, while Ashtead's strong margins indicate pricing power. Its interest coverage ratio is also healthy, despi...
Seeking Alpha
9 Monate alt
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Neutral
Ashtead Group plc (ASHTF) CEO Brendan Horgan on Q4 2022 Results - Earnings Call Transcript
Ashtead Group plc (OTCPK:ASHTF) Q4 2022 Earnings Conference Call June 14, 2022 4:30 AM ET Company Participants Brendan Horgan - CEO Michael Pratt - CFO Conference Call Participants Andrew Wilson - JPMorgan Arnaud Lehmann - Bank of America Suhasini Varanasi - Goldman Sachs Allen Wells - Jefferies Anvesh Agrawal - Morgan Stanley Jane Sparrow - Barclays Neil Tyler - Redburn Brendan Horgan Good mor...
Proactive Investors
9 Monate alt
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Positiv
Ashtead Group records jump in pretax profit; raises dividend
Ashtead Group PLC (LSE:AHT) said its profit for fiscal 2022 and fourth quarter rose as it raised its dividend. Pretax profit for the fourth quarter 2022 was US$386mln compared to US$306mln last year, while pretax profit for fiscal 2022 grew 35% to US$1.66bn.
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