Wall Street analysts forecast that ASV Holdings Inc (NASDAQ:ASV) will announce sales of $34.00 million for the current quarter, Zacks reports. Three analysts have issued estimates for ASV’s earnings. The lowest sales estimate is $33.20 million and the highest is $35.11 million. ASV reported sales of $30.64 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that ASV will report full-year sales of $130.97 million for the current fiscal year, with estimates ranging from $128.30 million to $132.70 million. For the next fiscal year, analysts forecast that the firm will post sales of $140.86 million, with estimates ranging from $139.90 million to $141.97 million. Zacks’ sales averages are an average based on a survey of research firms that cover ASV.

ASV (NASDAQ:ASV) last released its earnings results on Thursday, August 9th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $31.86 million for the quarter, compared to the consensus estimate of $38.53 million.

A number of equities research analysts have issued reports on ASV shares. ValuEngine downgraded ASV from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Barrington Research set a $9.00 price target on ASV and gave the company a “buy” rating in a research report on Monday, August 13th. Roth Capital set a $9.00 price target on ASV and gave the company a “buy” rating in a research report on Saturday, August 11th. Zacks Investment Research downgraded ASV from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Finally, Seaport Global Securities set a $9.00 target price on ASV and gave the stock a “buy” rating in a research report on Monday, August 13th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.06.

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

NASDAQ ASV traded down $0.20 on Friday, reaching $5.20. 2,934 shares of the stock were exchanged, compared to its average volume of 14,472. The stock has a market cap of $51.63 million, a price-to-earnings ratio of 23.64 and a beta of -0.39. The company has a current ratio of 2.15, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. ASV has a one year low of $4.75 and a one year high of $10.80.

ASV Company Profile

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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Earnings History and Estimates for ASV (NASDAQ:ASV)

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