ASHTF Stock Recent News

Ashtead's latest results were solid but unremarkable, with rental revenue up 4% (constant currency) and strong free cash flow of $1.8bn. Despite short-term economic uncertainty, I remain optimistic due to robust U.S. megaproject activity and Ashtead's ongoing Sunbelt 4.0 growth strategy. Valuation is in line with peers, but Ashtead's proven business model and North American focus support a premium, long-term investment case.

ASHTY beats Q4 earnings estimates despite a 4% y/y revenue dip, with rental gains offsetting equipment sales declines.

I reiterate my hold rating on Ashtead Group as near-term visibility remains limited despite modest rental revenue stabilization. Strong market share gains and a robust North American mega-project pipeline support my long-term bullish thesis for ASHTF. Persistent weakness in local construction markets and a cautious FY26 capex outlook temper my enthusiasm for a near-term recovery.

Ashtead Group plc's disciplined capital pull-back, specialty growth, and data-driven logistics position it to convert current headwinds into future operating leverage and outperformance. Despite labor shortages and housing softness, Sunbelt's near-100% cash conversion, specialty margin expansion, and cluster-based efficiency drive resilient cash flow and shareholder returns. ASHTY valuation sits above historical averages, but strong cash flow, capital efficiency, and a 13.4% forecasted annual return justify a Buy rating, not a Strong Buy.

Ashtead Group plc (OTCPK:ASHTF) Q4 2025 Earnings Call June 17, 2025 5:00 AM ET Company Participants Alexander W. Pease - Chief Financial Officer Brendan Horgan - CEO & Executive Director Conference Call Participants Allen David Wells - Jefferies LLC, Research Division Annelies Judith Godelieve Vermeulen - Morgan Stanley, Research Division Arnaud Lehmann - BofA Securities, Research Division Carl Raynsford - Joh.

Rental equipment specialist Ashtead reversed on Tuesday, as tough market conditions forced profits lower despite record revenues.

Ashtead Group PLC (LSE:AHT) reported a softer revenue and profit performance in its final quarter but strong cash generation for the year and an increased dividend. In its last set of final results as a FTSE 100 company, as it prepares to switch its main listing from London to New York and change its name to Sunbelt, the construction equipment hire group hailed a record year of rental revenue but saw total turnover decline 1% to $10.8 billion, reflecting lower sales of used equipment.

Next week's results from equipment hire firms Ashtead Group PLC (LSE:AHT) and Speedy Hire PLC (LSE:SDY) will provide a health check on two sides of the industry – one dominated by the vast US market, the other still largely tied to the fortunes of the UK construction sector. Ashtead reports full-year numbers on Tuesday 17 June, with the market keen to see how final figures compare to guidance issued after last December's profit warning – its third in quick succession.

Ashtead Group PLC (LSE:AHT) shares came under pressure on Tuesday after analysts downgraded the equipment rental giant to Sector Perform from Outperform, warning that a slowdown in the US could hit demand harder than expected. The downgrade follows a sharp cut to earnings forecasts, even though revenue estimates were only trimmed by 6% for 2026 and 13% for 2027.

Downgrade Ashtead Group to hold due to near-term uncertainties, despite maintaining a positive long-term outlook anchored on achieving FY29 adj EBITDA targets. Weak US rental trends, macro risks, and potential tariff impacts create headwinds, affecting investor sentiment and delaying rental demand recovery. Valuation remains depressed, reflecting market concerns; a wait-and-see approach is recommended until clearer growth inflection evidence emerges.