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

Aebi Schmidt Holding AG (NASDAQ:AEBI) shares fell 4.3% on Wednesday after the company announced weaker than expected quarterly earnings. The company traded as low as $10.02 and last traded at $10.6940. Approximately 245,149 shares traded hands during mid-day trading, a decline of 18% from the average session 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 during the quarter. Aebi Schmidt had a return on equity of 2.59% and a net margin of 1.09%.

Aebi Schmidt Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, November 12th will be issued a $0.0250 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.10 annualized dividend and a yield of 0.9%. Aebi Schmidt’s dividend payout ratio is 31.25%.

Wall Street Analyst Weigh In

AEBI has been the subject of several research analyst reports. DA Davidson raised their target price on shares of Aebi Schmidt from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Roth Capital reiterated 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 shares of Aebi Schmidt from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.00.

Institutional Trading of Aebi Schmidt

A number of hedge funds and other institutional investors have recently modified their holdings of AEBI. Swiss National Bank grew its position in shares of Aebi Schmidt by 2.5% in the 1st quarter. Swiss National Bank now owns 76,500 shares of the company’s stock worth $743,000 after buying an additional 1,900 shares during the period. Glenmede Trust Co. NA lifted its position in Aebi Schmidt by 25.7% during the 1st quarter. Glenmede Trust Co. NA now owns 14,161 shares of the company’s stock valued at $138,000 after acquiring an additional 2,898 shares during the period. State of Alaska Department of Revenue lifted its position in Aebi Schmidt by 93.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,359 shares of the company’s stock valued at $66,000 after acquiring an additional 3,072 shares during the period. Voya Investment Management LLC lifted its position in Aebi Schmidt by 4.7% during the 3rd quarter. Voya Investment Management LLC now owns 124,101 shares of the company’s stock valued at $1,313,000 after acquiring an additional 5,600 shares during the period. Finally, Bank of America Corp DE boosted its stake in Aebi Schmidt by 12.8% during the first quarter. Bank of America Corp DE now owns 59,990 shares of the company’s stock worth $583,000 after acquiring an additional 6,787 shares in the last quarter.

Aebi Schmidt Price Performance

The firm has a market cap of $834.93 million, a P/E ratio of 33.03 and a beta of 2.43. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.98 and a quick ratio of 1.14. The firm’s 50 day moving average is $11.48 and its 200 day moving average is $12.32.

About Aebi Schmidt

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.