Astec Industries, Inc. (ASTE) Set to Announce Quarterly Earnings on Monday
Astec Industries, Inc. (NASDAQ:ASTE) will issue its quarterly earnings data before the market opens on Monday, October 23rd. Analysts expect the company to announce earnings of $0.47 per share for the quarter.
Astec Industries (NASDAQ:ASTE) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.18). The company had revenue of $301.90 million during the quarter, compared to analysts’ expectations of $314.31 million. Astec Industries had a return on equity of 7.40% and a net margin of 4.08%. Astec Industries’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 EPS. On average, analysts expect Astec Industries to post $1.93 EPS for the current fiscal year and $3.04 EPS for the next fiscal year.
Astec Industries, Inc. (NASDAQ:ASTE) opened at 51.81 on Monday. The stock has a 50 day moving average price of $51.71 and a 200 day moving average price of $54.87. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 24.66 and a beta of 1.10. Astec Industries, Inc. has a 52-week low of $45.70 and a 52-week high of $73.37.
A number of equities research analysts recently weighed in on the company. BidaskClub downgraded Astec Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Robert W. Baird raised Astec Industries from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $56.00 to $65.00 in a research report on Tuesday, October 3rd. Zacks Investment Research raised Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Dougherty & Co downgraded Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $75.00.
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Astec Industries Company Profile
Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.
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