Wall Street analysts predict that ASV Holdings Inc (NASDAQ:ASV) will report earnings per share (EPS) of $0.05 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for ASV’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.03. ASV also posted earnings of $0.05 per share during the same quarter last year. The company is expected to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that ASV will report full-year earnings of $0.18 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.20. For the next financial year, analysts forecast that the business will post earnings of $0.46 per share, with EPS estimates ranging from $0.44 to $0.49. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow ASV.

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

ASV has been the subject of a number of recent analyst reports. Barrington Research set a $9.00 price objective on ASV and gave the company a “buy” rating in a research report on Monday, August 13th. ValuEngine upgraded ASV from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Roth Capital set a $9.00 price objective on ASV and gave the company a “buy” rating in a research report on Saturday, August 11th. Zacks Investment Research upgraded ASV from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Finally, Seaport Global Securities set a $9.00 price objective on ASV and gave the company 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 assigned a buy rating to the company’s stock. ASV currently has a consensus rating of “Hold” and an average price target of $9.06.

Institutional investors and hedge funds have recently modified their holdings of the stock. Royce & Associates LP increased its position in shares of ASV by 81.4% during the second quarter. Royce & Associates LP now owns 273,590 shares of the company’s stock worth $1,584,000 after purchasing an additional 122,800 shares in the last quarter. Shufro Rose & Co. LLC increased its position in shares of ASV by 51.7% during the second quarter. Shufro Rose & Co. LLC now owns 132,000 shares of the company’s stock worth $764,000 after purchasing an additional 45,000 shares in the last quarter. Finally, First Wilshire Securities Management Inc. increased its position in shares of ASV by 49.9% during the first quarter. First Wilshire Securities Management Inc. now owns 520,810 shares of the company’s stock worth $3,781,000 after purchasing an additional 173,410 shares in the last quarter. Hedge funds and other institutional investors own 47.15% of the company’s stock.

ASV stock traded down $0.16 during trading on Thursday, hitting $4.95. 10,800 shares of the company traded hands, compared to its average volume of 18,108. The company has a current ratio of 2.15, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. The stock has a market cap of $51.13 million, a P/E ratio of 22.50 and a beta of -0.44. ASV has a 1 year low of $4.75 and a 1 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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