Analysts Anticipate Astec Industries, Inc. (ASTE) to Post $0.45 Earnings Per Share

Wall Street brokerages forecast that Astec Industries, Inc. (NASDAQ:ASTE) will post $0.45 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Astec Industries’ earnings. The highest EPS estimate is $0.48 and the lowest is $0.42. Astec Industries posted earnings of $0.53 per share in the same quarter last year, which would indicate a negative year over year growth rate of 15.1%. The company is scheduled to announce its next earnings report on Tuesday, February 20th.

On average, analysts expect that Astec Industries will report full-year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.58 to $1.64. For the next year, analysts anticipate that the firm will report earnings of $3.12 per share, with EPS estimates ranging from $2.82 to $3.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Astec Industries.

Several analysts recently commented on ASTE shares. TheStreet lowered shares of Astec Industries from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. BidaskClub lowered shares of Astec Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Zacks Investment Research upgraded shares of Astec Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, December 4th. William Blair upgraded shares of Astec Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 2nd. Finally, Seaport Global Securities restated a “hold” rating on shares of Astec Industries in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.33.

Astec Industries (NASDAQ ASTE) traded up $0.74 during mid-day trading on Friday, reaching $59.38. 168,702 shares of the company traded hands, compared to its average volume of 202,629. The firm has a market capitalization of $1,366.65, a price-to-earnings ratio of 35.35, a PEG ratio of 1.90 and a beta of 1.06. Astec Industries has a 52 week low of $45.70 and a 52 week high of $73.37.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Astec Industries by 3.3% during the fourth quarter. BlackRock Inc. now owns 2,506,191 shares of the industrial products company’s stock valued at $146,612,000 after purchasing an additional 79,027 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Astec Industries by 2.1% during the second quarter. Vanguard Group Inc. now owns 1,845,916 shares of the industrial products company’s stock valued at $102,467,000 after purchasing an additional 38,810 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Astec Industries by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,639,082 shares of the industrial products company’s stock valued at $91,806,000 after purchasing an additional 47,292 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Astec Industries by 10.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 1,490,000 shares of the industrial products company’s stock valued at $83,455,000 after purchasing an additional 140,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Astec Industries by 21.0% during the third quarter. Gamco Investors INC. ET AL now owns 1,274,239 shares of the industrial products company’s stock valued at $71,370,000 after purchasing an additional 221,167 shares in the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

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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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