ASV (ASV) Issues Earnings Results, Misses Expectations By $0.10 EPS
ASV (NASDAQ:ASV) released its quarterly earnings data on Thursday. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10), Bloomberg Earnings reports. The company had revenue of $31.86 million during the quarter, compared to the consensus estimate of $38.53 million. ASV had a net margin of 0.94% and a return on equity of 3.21%.
ASV opened at $6.50 on Friday, Marketbeat reports. ASV has a 1 year low of $4.75 and a 1 year high of $10.80. The company has a quick ratio of 0.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $71.21 million, a price-to-earnings ratio of 29.55 and a beta of 0.02.
A number of research firms recently commented on ASV. Zacks Investment Research upgraded ASV from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. ValuEngine downgraded ASV from a “hold” rating to a “sell” rating in a report on Monday, May 14th. Finally, Barrington Research reissued a “buy” rating and issued a $11.00 target price on shares of ASV in a research note on Wednesday, May 16th.
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.
Read More: Outstanding Shares
Receive News & Ratings for ASV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASV and related companies with MarketBeat.com's FREE daily email newsletter.