$33.79 Million in Sales Expected for ASV Holdings Inc (ASV) This Quarter

Wall Street analysts expect ASV Holdings Inc (NASDAQ:ASV) to announce $33.79 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for ASV’s earnings, with the lowest sales estimate coming in at $32.50 million and the highest estimate coming in at $35.08 million. ASV posted sales of $30.46 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The firm is expected to issue its next earnings results on Thursday, March 28th.

On average, analysts expect that ASV will report full-year sales of $128.30 million for the current financial year, with estimates ranging from $127.00 million to $129.59 million. For the next year, analysts forecast that the business will report sales of $137.03 million, with estimates ranging from $134.60 million to $139.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for ASV.

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ASV has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of ASV from a “sell” rating to a “hold” rating in a report on Monday, January 7th. ValuEngine downgraded shares of ASV from a “sell” rating to a “strong sell” rating in a report on Monday, December 31st. Barrington Research set a $5.00 price target on shares of ASV and gave the company a “buy” rating in a report on Friday, November 2nd. Finally, Roth Capital set a $7.00 price target on shares of ASV and gave the company a “buy” rating in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. ASV has an average rating of “Hold” and an average target price of $7.56.

A hedge fund recently raised its stake in ASV stock. WealthTrust Axiom LLC lifted its holdings in ASV Holdings Inc (NASDAQ:ASV) by 77.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 209,258 shares of the company’s stock after purchasing an additional 91,458 shares during the period. WealthTrust Axiom LLC owned about 2.13% of ASV worth $418,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 44.64% of the company’s stock.

ASV stock traded up $0.20 during trading on Friday, hitting $3.78. 8,138 shares of the stock traded hands, compared to its average volume of 15,251. ASV has a 1 year low of $1.99 and a 1 year high of $9.16. The company has a market capitalization of $37.18 million, a price-to-earnings ratio of 17.18 and a beta of 3.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 2.21.

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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