Astec Industries Inc. (ASTE) Announces Quarterly Dividend of $0.10
Astec Industries (NASDAQ:ASTE) declared a quarterly dividend on Tuesday, October 29th, Stock Ratings News reports. Investors of record on Tuesday, November 12th will be given a dividend of $0.10 per share on Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 7th.
A number of research firms have recently commented on ASTE. Analysts at William Blair cut their price target on shares of Astec Industries from $36.00 to $34.00 in a research note to investors on Wednesday, October 23rd. 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 equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Astec Industries presently has an average rating of “Hold” and a consensus price target of $34.50.
Astec Industries (NASDAQ:ASTE) traded down 0.79% during mid-day trading on Tuesday, hitting $33.71. 45,445 shares of the company’s stock traded hands. 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 $35.09 and its 200-day moving average is $34.91. The company has a market cap of $767.1 million and a price-to-earnings ratio of 19.17.
Astec Industries (NASDAQ:ASTE) last announced its earnings results on Tuesday, October 22nd. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.09. The company had revenue of $213.20 million for the quarter, compared to the consensus estimate of $232.91 million. During the same quarter last year, the company posted $0.30 earnings per share. Astec Industries’s revenue was down 2.4% compared to the same quarter last year. Analysts expect that Astec Industries will post $1.65 EPS for the current fiscal year.
Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities.
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