Astec Industries, Inc. (NASDAQ:ASTE) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $41.00.
Several research analysts have recently weighed in on the company. BidaskClub downgraded ZIX from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 7th. ValuEngine downgraded Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th.
In related news, insider Jaco Van Der Merwe acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $32.75 per share, with a total value of $65,500.00. Following the acquisition, the insider now owns 4,579 shares of the company’s stock, valued at approximately $149,962.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.
Shares of ASTE stock traded down $1.58 on Friday, hitting $29.94. 8,040 shares of the stock were exchanged, compared to its average volume of 134,704. The company has a quick ratio of 1.10, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $706.10 million, a price-to-earnings ratio of 10.24 and a beta of 1.47. Astec Industries has a one year low of $27.86 and a one year high of $62.06. The firm has a 50 day moving average price of $30.87.
Astec Industries (NASDAQ:ASTE) last posted its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.19). The firm had revenue of $325.78 million for the quarter, compared to the consensus estimate of $338.68 million. Astec Industries had a positive return on equity of 9.53% and a negative net margin of 5.67%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. Sell-side analysts expect that Astec Industries will post 2.34 earnings per share for the current year.
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'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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