A.S.V. (ASV) Posts Earnings Results, Beats Estimates By $0.08 EPS
A.S.V. (NASDAQ:ASV) announced its quarterly earnings results on Thursday. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08, Fidelity Earnings reports. The business had revenue of $30.46 million during the quarter, compared to analysts’ expectations of $32.36 million. A.S.V. had a negative return on equity of 0.78% and a net margin of 0.33%.
Shares of A.S.V. (NASDAQ ASV) opened at $8.09 on Friday. A.S.V. has a 12 month low of $7.03 and a 12 month high of $10.80. The company has a current ratio of 1.91, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35.
Separately, Zacks Investment Research cut A.S.V. from a “buy” rating to a “hold” rating in a research note on Thursday.
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A.S.V. 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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