Zacks: Brokerages Anticipate ASV Holdings Inc (ASV) Will Post Quarterly Sales of $32.62 Million

Brokerages expect ASV Holdings Inc (NASDAQ:ASV) to post $32.62 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for ASV’s earnings. The highest sales estimate is $32.70 million and the lowest is $32.57 million. The firm is scheduled to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that ASV will report full year sales of $32.62 million for the current year, with estimates ranging from $125.45 million to $125.60 million. For the next year, analysts expect that the firm will report sales of $142.27 million per share, with estimates ranging from $141.00 million to $143.80 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for ASV.

Several analysts have recently issued reports on ASV shares. Zacks Investment Research lowered shares of ASV from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Barrington Research assumed coverage on shares of ASV in a research report on Tuesday, November 21st. They set an “outperform” rating and a $11.25 price target for the company.

ASV (NASDAQ:ASV) traded up $0.44 during midday trading on Monday, hitting $9.24. 1,500 shares of the stock traded hands, compared to its average volume of 17,325. ASV has a 12-month low of $7.23 and a 12-month high of $10.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 0.79.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kennedy Capital Management Inc. bought a new position in ASV during the second quarter worth about $3,161,000. S Squared Technology LLC bought a new position in ASV during the second quarter worth about $2,526,000. Gilder Gagnon Howe & Co. LLC boosted its position in ASV by 28.4% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 1,180,515 shares of the company’s stock worth $9,598,000 after purchasing an additional 261,017 shares during the period. Manatuck Hill Partners LLC bought a new position in ASV during the second quarter worth about $1,915,000. Finally, Royce & Associates LP bought a new position in ASV during the second quarter worth about $1,133,000. Institutional investors own 41.22% of the company’s stock.

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ASV Company Profile

ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.

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