Analysts Anticipate ASV Holdings Inc (NASDAQ:ASV) to Announce $0.04 EPS

ASV Holdings Inc (NASDAQ:ASV) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus target price of $5.00 for the company and are forecasting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned ASV an industry rank of 76 out of 256 based on the ratings given to related companies.

ASV has been the topic of several analyst reports. ValuEngine upgraded shares of ASV from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Zacks Investment Research upgraded shares of ASV from a “sell” rating to a “hold” rating in a research report on Wednesday, June 5th.

Several hedge funds and other institutional investors have recently made changes to their positions in ASV. Beddow Capital Management Inc. grew its position in shares of ASV by 23.8% in the fourth quarter. Beddow Capital Management Inc. now owns 26,032 shares of the company’s stock valued at $52,000 after purchasing an additional 5,000 shares during the period. Royce & Associates LP grew its position in shares of ASV by 8.3% in the fourth quarter. Royce & Associates LP now owns 296,390 shares of the company’s stock valued at $593,000 after purchasing an additional 22,800 shares during the period. Quantum Capital Management grew its position in shares of ASV by 100.7% in the fourth quarter. Quantum Capital Management now owns 20,667 shares of the company’s stock valued at $41,000 after purchasing an additional 10,372 shares during the period. First Wilshire Securities Management Inc. grew its position in shares of ASV by 3.3% in the fourth quarter. First Wilshire Securities Management Inc. now owns 601,938 shares of the company’s stock valued at $1,204,000 after purchasing an additional 19,492 shares during the period. Finally, Deutsche Bank AG acquired a new stake in shares of ASV in the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 39.45% of the company’s stock.

NASDAQ:ASV traded down $0.08 during midday trading on Friday, reaching $1.80. 87,454 shares of the stock traded hands, compared to its average volume of 11,822. The stock has a market capitalization of $19.60 million, a price-to-earnings ratio of 15.00 and a beta of 2.64. ASV has a 12-month low of $1.46 and a 12-month high of $8.13. The company has a quick ratio of 0.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.99.

ASV (NASDAQ:ASV) last posted its quarterly earnings results on Friday, March 29th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.04. The business had revenue of $33.08 million during the quarter, compared to analysts’ expectations of $33.10 million. ASV had a negative net margin of 26.04% and a positive return on equity of 0.36%. As a group, analysts expect that ASV will post 0.17 EPS 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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