Wall Street analysts expect ASV Holdings Inc (NASDAQ:ASV) to post sales of $32.36 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for ASV’s earnings, with estimates ranging from $31.77 million to $32.70 million. The business is expected to issue its next quarterly earnings results on Thursday, February 1st.
According to Zacks, analysts expect that ASV will report full year sales of $32.36 million for the current financial year, with estimates ranging from $124.65 million to $125.60 million. For the next year, analysts forecast that the business will post sales of $142.39 million per share, with estimates ranging from $141.00 million to $143.80 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for ASV.
ASV (NASDAQ:ASV) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). ASV had a negative return on equity of 0.78% and a net margin of 0.33%.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of ASV from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Barrington Research assumed coverage on shares of ASV in a report on Tuesday, November 21st. They set an “outperform” rating and a $11.25 price objective on the stock.
Shares of ASV (ASV) traded down $0.13 during midday trading on Thursday, reaching $8.35. 21,605 shares of the company were exchanged, compared to its average volume of 17,814. ASV has a 12-month low of $7.23 and a 12-month high of $10.80. The stock has a market capitalization of $80.95 and a P/E ratio of 137.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 0.79.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP lifted its holdings in ASV by 8.5% during the third quarter. Royce & Associates LP now owns 150,790 shares of the company’s stock valued at $1,230,000 after purchasing an additional 11,800 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in ASV during the second quarter valued at $182,000. Gilder Gagnon Howe & Co. LLC lifted its holdings in ASV by 2.6% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,211,662 shares of the company’s stock valued at $12,298,000 after purchasing an additional 31,147 shares in the last quarter. Finally, Manatuck Hill Partners LLC purchased a new position in ASV during the second quarter valued at $1,915,000. 41.22% of the stock is currently owned by institutional investors and hedge funds.
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ASV Company Profile
ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.
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