Ashtead Technology (LON:AT) Posts Earnings Results

Ashtead Technology (LON:AT) posted its quarterly earnings results on Tuesday. The company reported GBX 45 ($0.58) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ashtead Technology had a return on equity of 23.56% and a net margin of 17.37%.

Ashtead Technology Stock Performance

The firm has a market cap of £433.02 million, a P/E ratio of 17.63 and a beta of 0.28. Ashtead Technology has a 1 year low of GBX 426 ($5.48) and a 1 year high of GBX 893 ($11.50). The company has a debt-to-equity ratio of 70.83, a quick ratio of 1.46 and a current ratio of 1.82. The stock’s 50 day moving average is GBX 537.76.

Ashtead Technology Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 1st will be issued a GBX 1.20 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from Ashtead Technology’s previous dividend of $1.10. This represents a yield of 0.21%. Ashtead Technology’s dividend payout ratio (DPR) is 3.23%.

About Ashtead Technology

Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East. The company offers survey and robotics equipment comprising geophysical, hydrographic, metocean, land surveying, positioning, ROV sensors, non-destructive testing, subsea inspection, remote visual inspection, and environmental products.