Equities research analysts expect ASV Holdings Inc (NASDAQ:ASV) to post $38.53 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for ASV’s earnings. The highest sales estimate is $39.40 million and the lowest is $37.70 million. ASV reported sales of $34.24 million in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The company is scheduled to announce its next earnings results on Wednesday, August 8th.
According to Zacks, analysts expect that ASV will report full year sales of $140.29 million for the current financial year, with estimates ranging from $139.60 million to $141.00 million. For the next fiscal year, analysts expect that the business will report sales of $150.88 million per share, with estimates ranging from $148.10 million to $153.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover ASV.
ASV (NASDAQ:ASV) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). ASV had a net margin of 0.94% and a return on equity of 3.21%. The business had revenue of $29.87 million for the quarter, compared to analysts’ expectations of $31.26 million.
A number of research analysts have recently weighed in on the company. Barrington Research reiterated a “buy” rating and set a $11.00 price target on shares of ASV in a report on Wednesday, May 16th. ValuEngine downgraded ASV from a “hold” rating to a “sell” rating in a report on Monday, May 14th. Finally, Zacks Investment Research downgraded ASV from a “hold” rating to a “sell” rating in a research note on Monday, May 14th.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Wilshire Securities Management Inc. grew its stake in ASV by 49.9% in the first quarter. First Wilshire Securities Management Inc. now owns 520,810 shares of the company’s stock valued at $3,781,000 after purchasing an additional 173,410 shares in the last quarter. Shufro Rose & Co. LLC grew its stake in ASV by 305.7% in the first quarter. Shufro Rose & Co. LLC now owns 87,000 shares of the company’s stock valued at $632,000 after purchasing an additional 65,554 shares in the last quarter. Finally, WealthTrust Axiom LLC purchased a new position in ASV in the first quarter valued at about $794,000. Hedge funds and other institutional investors own 48.86% of the company’s stock.
Shares of ASV traded up $0.06, reaching $6.08, on Monday, MarketBeat reports. 1,700 shares of the company’s stock traded hands, compared to its average volume of 13,334. ASV has a 12-month low of $5.97 and a 12-month high of $10.80. The company has a current ratio of 2.10, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $59.37 million and a price-to-earnings ratio of 27.64.
ASV Holdings, Inc designs and manufactures compact construction equipment in North America, Australia, and New Zealand. It offers compact track loader and skid steer loader equipment under the ASV and Terex brands. The company also offers private label original equipment manufacturing services; and pre-and post-sale dealer support, after-sale technical support, and replacement parts.
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