Equities analysts expect Astec Industries, Inc. (NASDAQ:ASTE) to post $0.82 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Astec Industries’ earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.85. Astec Industries reported earnings per share of $0.87 during the same quarter last year, which suggests a negative year-over-year growth rate of 5.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 23rd.
According to Zacks, analysts expect that Astec Industries will report full year earnings of $3.22 per share for the current year, with EPS estimates ranging from $3.20 to $3.26. For the next year, analysts anticipate that the company will post earnings of $3.67 per share, with EPS estimates ranging from $3.50 to $3.85. Zacks’ EPS calculations are an average based on a survey of research firms that cover Astec Industries.
Astec Industries (NASDAQ:ASTE) last released its quarterly earnings results on Friday, March 1st. The industrial products company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). The company had revenue of $317.00 million during the quarter, compared to the consensus estimate of $314.98 million. Astec Industries had a positive return on equity of 10.05% and a negative net margin of 5.16%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share.
Several research analysts have recently commented on ASTE shares. ValuEngine raised Astec Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 11th. BidaskClub lowered Astec Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Robert W. Baird boosted their price target on Astec Industries from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Finally, Zacks Investment Research raised Astec Industries from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $52.00.
Shares of ASTE traded down $0.23 during trading hours on Thursday, hitting $41.73. The company had a trading volume of 149,000 shares, compared to its average volume of 185,404. The firm has a market cap of $916.71 million, a price-to-earnings ratio of 14.29 and a beta of 1.52. The company has a current ratio of 2.96, a quick ratio of 1.08 and a debt-to-equity ratio of 0.10. Astec Industries has a one year low of $27.86 and a one year high of $63.69.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 12th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 11th. This represents a $0.44 annualized dividend and a yield of 1.05%. Astec Industries’s dividend payout ratio (DPR) is 15.07%.
A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its stake in Astec Industries by 18.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,949 shares of the industrial products company’s stock worth $59,000 after buying an additional 297 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Astec Industries by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 16,092 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 353 shares during the last quarter. Texas Permanent School Fund grew its stake in Astec Industries by 2.7% during the 4th quarter. Texas Permanent School Fund now owns 14,919 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 388 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Astec Industries by 29.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,737 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 391 shares during the last quarter. Finally, Flinton Capital Management LLC grew its stake in Astec Industries by 32.8% during the 4th quarter. Flinton Capital Management LLC now owns 2,528 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 624 shares during the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.
About Astec Industries
Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. The company's Infrastructure Group segment provides hot-mix asphalt plants, wood pellet plants, asphalt pavers, material transfer vehicles, soil stabilizing reclaiming machinery, milling machines, paver screeds, and related ancillary equipment.
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