Astec Industries, Inc. (ASTE) Expected to Announce Earnings of $0.82 Per Share

Brokerages expect Astec Industries, Inc. (NASDAQ:ASTE) to report $0.82 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Astec Industries’ earnings. The lowest EPS estimate is $0.80 and the highest is $0.85. Astec Industries posted earnings of $0.87 per share during the same quarter last year, which indicates a negative year over year growth rate of 5.7%. The firm is scheduled to report its next earnings report on Tuesday, April 23rd.

On average, analysts expect that Astec Industries will report full-year earnings of $3.22 per share for the current fiscal year, with EPS estimates ranging from $3.20 to $3.26. For the next year, analysts anticipate that the company will report earnings of $3.67 per share, with EPS estimates ranging from $3.50 to $3.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Astec Industries.

Astec Industries (NASDAQ:ASTE) last posted its quarterly earnings results on Friday, March 1st. The industrial products company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). Astec Industries had a positive return on equity of 10.05% and a negative net margin of 5.16%. The company had revenue of $317.00 million during the quarter, compared to the consensus estimate of $314.98 million. During the same period in the previous year, the business earned $0.47 earnings per share. Astec Industries’s revenue was up 1.5% on a year-over-year basis.

A number of equities analysts have recently commented on the company. BidaskClub raised Astec Industries from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Astec Industries from a “sell” rating to a “hold” rating in a report on Monday, December 31st. Finally, Robert W. Baird lifted their price objective on Astec Industries from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Astec Industries currently has an average rating of “Hold” and an average price target of $52.00.

A number of large investors have recently bought and sold shares of the stock. Comerica Bank grew its position in Astec Industries by 9.9% in the third quarter. Comerica Bank now owns 22,386 shares of the industrial products company’s stock worth $795,000 after buying an additional 2,011 shares during the last quarter. Wells Fargo & Company MN grew its position in Astec Industries by 5.8% during the 3rd quarter. Wells Fargo & Company MN now owns 38,626 shares of the industrial products company’s stock worth $1,948,000 after purchasing an additional 2,111 shares in the last quarter. Prudential Financial Inc. grew its position in Astec Industries by 18.3% during the 3rd quarter. Prudential Financial Inc. now owns 38,657 shares of the industrial products company’s stock worth $1,949,000 after purchasing an additional 5,980 shares in the last quarter. Rhumbline Advisers grew its position in Astec Industries by 8.0% during the 3rd quarter. Rhumbline Advisers now owns 54,824 shares of the industrial products company’s stock worth $2,764,000 after purchasing an additional 4,065 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Astec Industries by 36.0% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,513 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 1,460 shares in the last quarter. 92.57% of the stock is owned by institutional investors.

Astec Industries stock opened at $40.06 on Thursday. Astec Industries has a one year low of $27.86 and a one year high of $63.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.96 and a quick ratio of 1.08. The firm has a market capitalization of $884.73 million, a PE ratio of 13.72 and a beta of 1.52.

The firm also recently disclosed 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. This represents a $0.44 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, March 11th. Astec Industries’s dividend payout ratio is 15.07%.

Astec Industries Company Profile

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 operates through Infrastructure Group, Aggregate and Mining Group, and Energy Group segments.

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