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.

How to Become a New Pot Stock Millionaire

Separately, Zacks Investment Research cut A.S.V. from a “buy” rating to a “hold” rating in a research note on Thursday.

In related news, major shareholder Manitex International, Inc. sold 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $7.00, for a total value of $7,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

WARNING: This article was first posted by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.watchlistnews.com/a-s-v-asv-posts-earnings-results-beats-estimates-by-0-08-eps/1959803.html.

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.

Receive News & Ratings for A.S.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A.S.V. and related companies with MarketBeat.com's FREE daily email newsletter.