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

Brokerages expect that Astec Industries, Inc. (NASDAQ:ASTE) will post earnings of $0.82 per share 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 posted earnings of $0.87 per share during the same quarter last year, which would indicate a negative year over year growth rate of 5.7%. The firm is expected to issue 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 firm 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 sell-side 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 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $317.00 million for the quarter, compared to the consensus estimate of $314.98 million. During the same quarter in the previous year, the business posted $0.47 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year.

Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Astec Industries from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Zacks Investment Research upgraded shares of Astec Industries from a “sell” rating to a “hold” rating in a report on Monday, December 31st. Robert W. Baird raised their price target on shares of 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 shares of Astec Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $52.00.

Astec Industries stock traded down $0.23 during mid-day trading on Thursday, hitting $41.73. 149,000 shares of the stock were exchanged, compared to its average volume of 185,404. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.08 and a current ratio of 2.96. Astec Industries has a 12 month low of $27.86 and a 12 month high of $63.69. 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 business also recently disclosed 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 15.07%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Astec Industries by 1.2% during the 4th quarter. BlackRock Inc. now owns 3,303,257 shares of the industrial products company’s stock worth $99,724,000 after buying an additional 39,207 shares during the period. Vanguard Group Inc grew its position in shares of Astec Industries by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 2,067,387 shares of the industrial products company’s stock worth $104,217,000 after buying an additional 59,836 shares during the period. Vanguard Group Inc. grew its position in shares of Astec Industries by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,067,387 shares of the industrial products company’s stock worth $104,217,000 after buying an additional 59,836 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Astec Industries by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,813,905 shares of the industrial products company’s stock worth $54,762,000 after buying an additional 86,627 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in shares of Astec Industries by 0.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,234,782 shares of the industrial products company’s stock worth $37,278,000 after buying an additional 5,645 shares during the period. 92.76% of the stock is owned by institutional investors.

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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