Analysts expect Astec Industries, Inc. (NASDAQ:ASTE) to announce sales of $287.77 million for the current quarter, according to Zacks. Five analysts have made estimates for Astec Industries’ earnings, with the highest sales estimate coming in at $293.00 million and the lowest estimate coming in at $284.55 million. Astec Industries posted sales of $326.56 million during the same quarter last year, which suggests a negative year over year growth rate of 11.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Astec Industries will report full-year sales of $287.77 million for the current financial year, with estimates ranging from $1.16 billion to $1.17 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.27 billion per share, with estimates ranging from $1.25 billion to $1.31 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Astec Industries.

Astec Industries (NASDAQ:ASTE) last posted its earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). The company had revenue of $252.10 million during the quarter, compared to the consensus estimate of $261.06 million. Astec Industries had a net margin of 3.27% and a return on equity of 5.89%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share.

A number of research firms have issued reports on ASTE. Robert W. Baird upgraded Astec Industries from a “neutral” rating to an “outperform” rating and raised their target price for the company from $56.00 to $65.00 in a research note on Tuesday, October 3rd. BidaskClub cut shares of Astec Industries from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research upgraded shares of Astec Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, TheStreet cut shares of Astec Industries from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Astec Industries presently has a consensus rating of “Hold” and an average price target of $75.00.

Several hedge funds and other institutional investors have recently modified their holdings of ASTE. Ameritas Investment Partners Inc. raised its position in Astec Industries by 11.8% in the second quarter. Ameritas Investment Partners Inc. now owns 1,870 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 198 shares in the last quarter. Victory Capital Management Inc. raised its position in Astec Industries by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,938 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 289 shares in the last quarter. SG Americas Securities LLC raised its position in Astec Industries by 80.7% in the second quarter. SG Americas Securities LLC now owns 3,266 shares of the industrial products company’s stock worth $181,000 after acquiring an additional 1,459 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Astec Industries by 165.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,094 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 2,550 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in Astec Industries in the second quarter worth about $230,000. Institutional investors and hedge funds own 79.57% of the company’s stock.

Shares of Astec Industries (NASDAQ ASTE) opened at $56.60 on Tuesday. The stock has a market capitalization of $1,280.37, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 3.45 and a beta of 1.05. Astec Industries has a one year low of $45.70 and a one year high of $73.37.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, November 10th. Astec Industries’s dividend payout ratio is currently 23.81%.

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About Astec Industries

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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Earnings History and Estimates for Astec Industries (NASDAQ:ASTE)

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