Equities research analysts predict that ASV Holdings Inc (NASDAQ:ASV) will post sales of $34.16 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for ASV’s earnings, with estimates ranging from $33.20 million to $35.11 million. ASV posted sales of $30.64 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.5%. The business is expected to issue its next earnings results on Thursday, November 1st.

On average, analysts expect that ASV will report full year sales of $130.11 million for the current year, with estimates ranging from $128.30 million to $131.92 million. For the next fiscal year, analysts expect that the company will post sales of $141.34 million, with estimates ranging from $140.70 million to $141.97 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover ASV.

ASV (NASDAQ:ASV) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.10). The business had revenue of $31.86 million for the quarter, compared to the consensus estimate of $38.53 million. ASV had a negative net margin of 0.21% and a positive return on equity of 2.33%.

Several equities analysts recently weighed in on ASV shares. ValuEngine lowered shares of ASV from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Barrington Research reaffirmed a “buy” rating and set a $9.00 price objective on shares of ASV in a research report on Wednesday, September 26th. Roth Capital set a $9.00 price objective on shares of ASV and gave the company a “buy” rating in a research report on Saturday, August 11th. Zacks Investment Research lowered shares of ASV from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Finally, Seaport Global Securities set a $9.00 price objective on shares of ASV and gave the company a “buy” rating in a research report on Monday, August 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $9.06.

Several large investors have recently added to or reduced their stakes in the company. Shufro Rose & Co. LLC raised its position in shares of ASV by 51.7% in the second quarter. Shufro Rose & Co. LLC now owns 132,000 shares of the company’s stock valued at $764,000 after purchasing an additional 45,000 shares during the period. First Wilshire Securities Management Inc. raised its position in shares of ASV by 10.7% in the second quarter. First Wilshire Securities Management Inc. now owns 576,519 shares of the company’s stock valued at $3,338,000 after purchasing an additional 55,709 shares during the period. Finally, Royce & Associates LP raised its position in shares of ASV by 81.4% in the second quarter. Royce & Associates LP now owns 273,590 shares of the company’s stock valued at $1,584,000 after purchasing an additional 122,800 shares during the period. 47.15% of the stock is currently owned by institutional investors.

ASV traded down $0.31 during midday trading on Tuesday, hitting $4.25. 23,161 shares of the company’s stock traded hands, compared to its average volume of 17,728. The firm has a market cap of $48.68 million, a PE ratio of 19.32 and a beta of -0.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 2.15. ASV has a one year low of $4.35 and a one year high of $10.80.

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.

Featured Article: Why is the conference call important?

Get a free copy of the Zacks research report on ASV (ASV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for ASV (NASDAQ:ASV)

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.