ASV Holdings Inc (ASV) Expected to Post Earnings of $0.05 Per Share

Equities research analysts expect ASV Holdings Inc (NASDAQ:ASV) to report $0.05 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for ASV’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.03. ASV also reported earnings per share of $0.05 during the same quarter last year. The company is expected to announce its next quarterly earnings results after the market closes on Thursday, November 1st.

On average, analysts expect that ASV will report full year earnings of $0.15 per share for the current financial year. For the next financial year, analysts forecast that the business will report earnings of $0.45 per share, with EPS estimates ranging from $0.44 to $0.45. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for ASV.

ASV (NASDAQ:ASV) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.10). ASV had a positive return on equity of 2.33% and a negative net margin of 0.21%. The company had revenue of $31.86 million for the quarter, compared to analyst estimates of $38.53 million.

Several equities research analysts have issued reports on the company. Barrington Research set a $9.00 price objective on ASV and gave the stock a “buy” rating in a report on Tuesday, October 23rd. ValuEngine upgraded ASV from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Roth Capital set a $9.00 price objective on ASV and gave the stock a “buy” rating in a report on Saturday, August 11th. Zacks Investment Research upgraded ASV from a “sell” rating to a “hold” rating in a report on Monday, October 15th. Finally, Seaport Global Securities set a $9.00 price target on ASV and gave the company a “buy” rating in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. ASV currently has an average rating of “Hold” and a consensus price target of $9.06.

ASV stock traded up $0.01 during midday trading on Wednesday, hitting $3.22. 22,685 shares of the company’s stock were exchanged, compared to its average volume of 18,657. The company has a quick ratio of 0.76, a current ratio of 2.15 and a debt-to-equity ratio of 0.38. ASV has a 12-month low of $2.99 and a 12-month high of $10.80. The company has a market capitalization of $31.86 million, a PE ratio of 14.64 and a beta of -0.33.

Hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP increased its holdings in shares of ASV by 81.4% in the 2nd quarter. Royce & Associates LP now owns 273,590 shares of the company’s stock valued at $1,584,000 after acquiring an additional 122,800 shares during the last quarter. Shufro Rose & Co. LLC grew its stake in ASV by 51.7% during the 2nd quarter. Shufro Rose & Co. LLC now owns 132,000 shares of the company’s stock worth $764,000 after buying an additional 45,000 shares during the last quarter. Finally, First Wilshire Securities Management Inc. grew its stake in ASV by 10.7% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 576,519 shares of the company’s stock worth $3,338,000 after buying an additional 55,709 shares during the last quarter. Institutional investors and hedge funds own 47.15% of the company’s stock.

About ASV

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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