ASHTF Stock Recent News

Ashtead Group (ASHTY) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Ashtead Group plc (OTCPK:ASHTF) Q3 2025 Results Conference Call March 4, 2025 7:00 AM ET Company Participants Brendan Horgan - Chief Executive Officer Alex Pease - Chief financial officer Conference Call Participants Lush Mahendrarajah - JP Morgan Rob Wertheimer - Melius Research Suhasini Varanasi - Goldman Sachs Katie Fleischer - KeyBanc Capital Markets Annelies Vermeulen - Morgan Stanley Rory Mckenzie - UBS Neil Tyler - Redburn Atlantic Allen Wells - Jefferies Karl Green - RBC Carl Raynsford - Bernberg James Rose - Barclays Thomas Burlton - BNP Paribas Brendan Horgan Thank you, operator, and good morning, everyone, and welcome to Ashtead Group Q3 results presentation. I'm speaking from our U.S. support office and joined by Alex Pease, and Will Shaw.

Here is how Ashtead Group PLC (ASHTY) and DMC Global (BOOM) have performed compared to their sector so far this year.

Ashtead: Long-Term Drivers Remain Positive

Here is how Ashtead Group PLC (ASHTY) and Lindsay (LNN) have performed compared to their sector so far this year.

Ashtead Group PLC (LSE:AHT) said it will be listed in the US as Sunbelt Rentals, which will be the new parent company, with a secondary listing in London, if investors vote for it at a meeting in June. This follows the decision of the equipment rental group's board that a US primary listing would be in the best interests of the company and investors, with a secondary listing retained in London.

Ashtead Technology Holdings PLC (AIM:AT.) said it put in a strong performance in 2024 despite the uncertainties surrounding offshore oil and gas exploration.

KKR & Co Inc's broad-based expansion and evolving earnings profile, driven by significant AUM growth and stable revenue streams, highlight its long-term potential despite economic headwinds. Amazon's relentless focus on customer satisfaction and strategic investments in logistics and AI infrastructure continue to drive sustainable cash flow growth and margin expansion. Alphabet's AI-driven innovations and Waymo's growing commercial viability reinforce its leadership in digital advertising and scalable cloud platforms, promising robust long-term growth.

This rental company has seen its stock price slide and estimates are also falling.

I maintain a buy rating for Ashtead Group stock due to sustained growth prospects and potential recovery in 2025 as macro conditions improve. ASHTF's Q1 FY25 results show strong revenue and EBITDA growth, driven by rental revenue growth. Near-term growth is supported by the end of industry strikes, while long-term growth is bolstered by increasing megaproject deals.