$32.36 Million in Sales Expected for ASV Holdings Inc (ASV) This Quarter

Equities research analysts predict that ASV Holdings Inc (NASDAQ:ASV) will report sales of $32.36 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for ASV’s earnings. The highest sales estimate is $32.70 million and the lowest is $31.77 million. The firm is scheduled to announce its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that ASV will report full-year sales of $32.36 million for the current year, with estimates ranging from $124.65 million to $125.60 million. For the next year, analysts anticipate that the business will report sales of $142.39 million per share, with estimates ranging from $141.00 million to $143.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow ASV.

Several equities analysts have commented on the company. Zacks Investment Research upgraded ASV from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Barrington Research assumed coverage on ASV in a report on Tuesday, November 21st. They set an “outperform” rating and a $11.25 price target on the stock.

ASV (NASDAQ ASV) opened at $8.38 on Friday. ASV has a twelve month low of $7.23 and a twelve month high of $10.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 0.79.

Several institutional investors have recently made changes to their positions in the company. Royce & Associates LP grew its stake in shares of ASV by 8.5% in the third quarter. Royce & Associates LP now owns 150,790 shares of the company’s stock worth $1,230,000 after acquiring an additional 11,800 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of ASV in the second quarter worth $182,000. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in shares of ASV by 2.6% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,211,662 shares of the company’s stock worth $12,298,000 after acquiring an additional 31,147 shares during the last quarter. Institutional investors and hedge funds 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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