Brokerages Anticipate ASV Holdings Inc (ASV) to Post $0.04 EPS

ASV Holdings Inc (NASDAQ:ASV) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $5.00 for the company and are forecasting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given ASV an industry rank of 191 out of 256 based on the ratings given to related companies.

Several equities analysts have weighed in on ASV shares. ValuEngine upgraded shares of ASV from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Zacks Investment Research downgraded shares of ASV from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Finally, Barrington Research restated a “buy” rating and set a $5.00 target price on shares of ASV in a report on Thursday, February 7th.

A number of large investors have recently bought and sold shares of ASV. Pacific Ridge Capital Partners LLC boosted its stake in shares of ASV by 18.3% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 578,128 shares of the company’s stock worth $1,590,000 after purchasing an additional 89,281 shares during the last quarter. WealthTrust Axiom LLC boosted its stake in shares of ASV by 5.7% during the 1st quarter. WealthTrust Axiom LLC now owns 221,158 shares of the company’s stock worth $608,000 after purchasing an additional 11,900 shares during the last quarter. Shufro Rose & Co. LLC boosted its stake in shares of ASV by 27.7% during the 1st quarter. Shufro Rose & Co. LLC now owns 146,867 shares of the company’s stock worth $404,000 after purchasing an additional 31,900 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of ASV during the 4th quarter worth about $26,000. Finally, First Wilshire Securities Management Inc. boosted its stake in shares of ASV by 3.3% during the 4th quarter. First Wilshire Securities Management Inc. now owns 601,938 shares of the company’s stock worth $1,204,000 after purchasing an additional 19,492 shares during the last quarter. Hedge funds and other institutional investors own 39.45% of the company’s stock.

NASDAQ:ASV traded down $0.10 during mid-day trading on Wednesday, hitting $1.90. 10,945 shares of the company’s stock traded hands, compared to its average volume of 12,637. The company has a current ratio of 2.34, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99. ASV has a 1 year low of $1.68 and a 1 year high of $8.13. The company has a market capitalization of $19.79 million, a P/E ratio of 15.83 and a beta of 2.84.

ASV (NASDAQ:ASV) last posted its earnings results on Friday, March 29th. The company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. ASV had a negative net margin of 26.04% and a positive return on equity of 0.36%. The firm had revenue of $33.08 million during the quarter, compared to the consensus estimate of $33.10 million. On average, equities research analysts predict that ASV will post 0.14 earnings per share for the current year.

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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