Astec Industries (ASTE) to Release Earnings on Tuesday

Astec Industries (NASDAQ:ASTE) is set to 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 (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). Astec Industries had a negative net margin of 5.16% and a positive return on equity of 10.05%. The firm had revenue of $317.00 million for the quarter, compared to analyst estimates of $314.98 million. During the same quarter last year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. 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 ASTE stock opened at $41.73 on Monday. Astec Industries has a 1 year low of $27.86 and a 1 year high of $63.69. The firm has a market cap of $939.68 million, a PE ratio of 14.29 and a beta of 1.52. 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 declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Monday, March 11th. Astec Industries’s dividend payout ratio (DPR) is presently 15.07%.

Several equities analysts have recently issued reports on ASTE shares. Zacks Investment Research upgraded Astec Industries from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. BidaskClub upgraded Astec Industries from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. Robert W. Baird lifted their target price on Astec Industries from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Finally, ValuEngine upgraded Astec Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, April 11th. One equities 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’s stock. Astec Industries currently has a consensus rating of “Hold” and a consensus target price of $52.00.

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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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Earnings History for Astec Industries (NASDAQ:ASTE)

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