Astec Industries (ASTE) Releases Quarterly Earnings, Misses Expectations By $0.09 EPS
Astec Industries (NASDAQ:ASTE) released its earnings data on Tuesday. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.09, American Banking & Market News reports. The company had revenue of $213.20 million for the quarter, compared to the consensus estimate of $232.91 million.
Shares of Astec Industries (NASDAQ:ASTE) opened at 36.74 on Tuesday. Astec Industries has a 52 week low of $26.09 and a 52 week high of $37.50. The stock’s 50-day moving average is $35.66 and its 200-day moving average is $34.97. The company has a market cap of $839.6 million and a price-to-earnings ratio of 20.22.
ASTE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Astec Industries in a research note to investors on Friday, September 27th. They now have a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Astec Industries has an average rating of “Hold” and a consensus target price of $34.67.
Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.