In a report released today, Christopher Howe from Barrington reiterated a Buy rating on ASV Holdings Inc (ASV), with a price target of $5. The company’s shares closed on Friday at $2.50, close to its 52-week low of $1.99.
Howe wrote:
“We expect revenue of $29.3 million (-2.0% YOY), adjusted EBITDA of $0.7 million (-63.0% YOY) and a net loss per share of $0.09, compared to a net loss per share of $0.03 last year. The FactSet consensus (two estimates) calls for revenue of $28.5 million, adjusted EBITDA of $0.6 million and a net loss per share of $0.10.”
According to TipRanks.com, Howe is ranked #4792 out of 5195 analysts.
ASV Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5.
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Based on ASV Holdings Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $32.74 million. In comparison, last year the company had a GAAP net loss of $307K.
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ASV Holdings, Inc. engages in the design and manufacture of compact track loaders and skid steer loaders. It serves the construction, forestry, landscaping, and snow removal industries. The company was founded by Edgar Hetteen and Gary Lemke on July 29, 1983 and is headquartered in Grand Rapids, MN.
