ASHTF Stock Recent News

ASHTY reports a year-over-year increase in Q2 revenues on higher rental revenues. It lowers its FY25 revenue growth guidance, citing a weaker U.S. market.

I maintain a buy rating for Ashtead Group, confident in its long-term growth potential despite near-term uncertainties and recent earnings misses. AHT's FY29 adj EBITDA guidance remains achievable, driven by strong demand for mega projects and positive forward-looking indicators like the Dodge momentum index. Near-term risks include elevated interest rates impacting local construction demand and potential policy changes from Trump.

Ashtead Group PLC (LSE:AHT) faced a sharp drop for a second day running on Wednesday as analysts trimmed estimates in the wake of Tuesday's cut to full-year guidance. Though the industrial equipment rental firm detailed plans to shift its primary listing from London to the US, the news was overshadowed by a separate profit warning in interims.

Ashtead Group plc (OTCPK:ASHTF) Q2 2025 Results Conference Call December 10, 2024 5:00 AM ET Company Participants Brendan Horgan - CEO & Executive Director Michael Pratt - CFO & Director Conference Call Participants William Kirkness - Bernstein SG Rory Mckenzie - UBS Suhasini Varanasi - Goldman Sachs Katie Fleischer - KeyBanc Capital Markets Arnaud Lehmann - Bank of America Lush Mahendrarajah - JP Morgan Neil Tyler - Redburn Atlantic James Rose - Barclays Allen Wells - Jefferies Karl Green - RBC Mark Howson - Dowgate Capital Brendan Horgan Thank you, operator, and good morning, everyone, and welcome to the Ashtead Group Q2 results presentation. As usual, I'm joined this morning by Michael Pratt and Will Shaw.

European stock markets opened Tuesday in negative territory, with the pan-European Stoxx 600 down 0.2%. Basic resources stocks led the losses, falling 1.2%, as disappointing Chinese trade figures weighed on investor sentiment. Market participants are focused on Wednesday’s US inflation report, which could significantly influence Federal Reserve interest rate decisions at its December 17-18 meeting. Economists polled by Dow Jones expect the Consumer Price Index to rise by 0.3% in November and 2.7% year-over-year. US stock futures were flat on Monday evening after the S&P 500 and Nasdaq Composite retreated from record highs. In Asia, Chinese stocks posted mixed results despite broader gains in the region. Ashtead drags down FTSE 100, also plans move to New York primary listing The FTSE 100 index dropped 0.5%, losing 41.26 points to settle at 8,310.82, as Ashtead shares plunged more than 10% as the equipment hire firm cut its full-year profit forecast, citing challenges in North Ame

Ashtead Group PLC (LSE:AHT) underwhelmed with plans to switch its primary listing to the US on Tuesday as a poor set of results clouded the news. Shares fell 12.4% to 5,492p in the wake of the two updates, placing Ashtead firmly ahead among the FTSE 100's biggest daily losers.

The FTSE 100 equipment rental company said moving its primary listing to the U.S. increase it exposure to investors and allow for its inclusion in “premier U.S. equity indices.”

Ashtead Group PLC (LSE:AHT) has proposed switching its primary listing from the UK to the US, marking yet another blow to London. “The board has concluded that the US market is the natural long-term listing venue for the group and that moving to a US primary listing is in the best interests of the business and its stakeholders,” the industrial equipment rental firm said on Tuesday.

Plant hire giant has Ashtead Group PLC (LSE:AHT) copped a downgrade from analysts at Deutsche Bank the day before its latest quarterly update Hold from buy is the new recommendation though Deutsche Bank says that Ashtead is the second-largest US equipment rental operator in the US and longer-term prospects are fine. Specifically, there is a structural shift from buy to rental, which will the larger sector operators from scale and high service levels to customers.

Ashtead Group PLC (LSE:AHT) shares have risen strongly since its last update in September with the prospect of a bumper construction spending spree by new US President Donald Trump adding to the momentum. Next week's second-quarter update will not have any benefit from that, but the US-focused plant hire group maintaining its full-year guidance in September has eased many of the concerns that surfaced mid-year.