Aebi Schmidt (NASDAQ:AEBI) Stock Price Down 4.3% on Disappointing Earnings

Aebi Schmidt Holding AG (NASDAQ:AEBI) fell 4.3% during trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $10.02 and last traded at $10.6940. 245,149 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 299,169 shares. The stock had previously closed at $11.17.

The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). The business had revenue of $493.11 million for the quarter. Aebi Schmidt had a net margin of 1.09% and a return on equity of 2.59%.

Aebi Schmidt Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, November 12th will be issued a dividend of $0.0250 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.9%. Aebi Schmidt’s dividend payout ratio (DPR) is currently 31.25%.

Wall Street Analyst Weigh In

Several research firms have weighed in on AEBI. DA Davidson boosted their price target on shares of Aebi Schmidt from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Roth Capital restated a “buy” rating and set a $17.00 price target on shares of Aebi Schmidt in a research report on Friday, August 14th. Finally, Weiss Ratings cut Aebi Schmidt from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Hedge Funds Weigh In On Aebi Schmidt

Hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Aebi Schmidt in the second quarter worth about $40,634,000. Corient Private Wealth LP bought a new position in Aebi Schmidt during the 2nd quarter valued at approximately $1,182,000. NewEdge Wealth LLC bought a new position in Aebi Schmidt during the 2nd quarter valued at approximately $10,980,000. Medina Value Partners LLC bought a new position in Aebi Schmidt during the 2nd quarter valued at approximately $23,893,104. Finally, Bank of New York Mellon Corp purchased a new stake in Aebi Schmidt in the 2nd quarter worth approximately $1,266,000.

Aebi Schmidt Trading Down 3.7%

The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $11.48 and a two-hundred day simple moving average of $12.32. The firm has a market cap of $834.93 million, a PE ratio of 33.03 and a beta of 2.43.

Aebi Schmidt Company Profile

Aebi Schmidt develops and manufactures specialized vehicles and equipment for road maintenance, snow and ice control, airport operations, and other municipal and infrastructure applications. Its products include snowplows and spreaders, street sweepers, airport snow-clearing and deicing equipment, and compact vehicles and machinery for challenging terrain. The company serves public agencies, airports, contractors, and other commercial customers, with operations and markets across North America and Europe.