Brokerages expect that ASV Holdings Inc (NASDAQ:ASV) will post $28.49 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ASV’s earnings. The highest sales estimate is $29.27 million and the lowest is $27.70 million. ASV posted sales of $29.87 million in the same quarter last year, which suggests a negative year over year growth rate of 4.6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that ASV will report full year sales of $133.13 million for the current year, with estimates ranging from $131.60 million to $134.65 million. For the next financial year, analysts forecast that the firm will report sales of $137.70 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for ASV.
Several research firms have issued reports on ASV. Barrington Research reaffirmed a “buy” rating and set a $5.00 price objective on shares of ASV in a report on Thursday, February 7th. Zacks Investment Research raised ASV from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Finally, ValuEngine raised ASV from a “sell” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. ASV currently has an average rating of “Hold” and a consensus price target of $7.00.
NASDAQ:ASV opened at $2.94 on Friday. ASV has a 52-week low of $1.99 and a 52-week high of $8.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 2.02. The firm has a market cap of $29.11 million, a price-to-earnings ratio of 24.50 and a beta of 3.00.
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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