Astec Industries (NASDAQ:ASTE) will announce its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.82 per share for the quarter.
Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings results on Friday, March 1st. The industrial products company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). The business had revenue of $317.00 million for the quarter, compared to analysts’ expectations of $314.98 million. Astec Industries had a positive return on equity of 10.05% and a negative net margin of 5.16%. Astec Industries’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, analysts expect Astec Industries to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NASDAQ ASTE opened at $41.73 on Monday. The company has a market capitalization of $939.68 million, a P/E ratio of 14.29 and a beta of 1.52. Astec Industries has a 52 week low of $27.86 and a 52 week high of $63.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.08 and a current ratio of 2.96.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 12th were given a $0.11 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.44 dividend on an annualized basis and a yield of 1.05%. Astec Industries’s dividend payout ratio is currently 15.07%.
A number of equities research analysts recently commented on ASTE shares. BidaskClub lowered Astec Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. ValuEngine upgraded Astec Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 11th. Robert W. Baird upped their target price on Astec Industries from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Finally, Zacks Investment Research upgraded 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 issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $52.00.
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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