Wall Street brokerages expect Astec Industries, Inc. (NASDAQ:ASTE) to announce earnings of $0.45 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Astec Industries’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.48. Astec Industries reported earnings per share of $0.53 during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.1%. The company is expected to issue its next earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Astec Industries will report full-year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.58 to $1.64. For the next financial year, analysts forecast that the firm will report earnings of $2.96 per share, with EPS estimates ranging from $2.70 to $3.21. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Astec Industries.
Astec Industries (NASDAQ:ASTE) last released its earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). The business had revenue of $252.10 million for the quarter, compared to analysts’ expectations of $261.06 million. Astec Industries had a net margin of 3.27% and a return on equity of 5.89%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share.
Several equities analysts have recently commented on ASTE shares. Robert W. Baird upgraded Astec Industries from a “neutral” rating to an “outperform” rating and increased their target price for the company from $56.00 to $65.00 in a research note on Tuesday, October 3rd. TheStreet cut Astec Industries from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. Zacks Investment Research upgraded Astec Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Dougherty & Co cut Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $75.00.
Astec Industries (NASDAQ ASTE) opened at $52.04 on Wednesday. The company has a market capitalization of $1,212.55, a P/E ratio of 31.29, a PEG ratio of 3.27 and a beta of 1.03. Astec Industries has a one year low of $45.70 and a one year high of $73.37.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, November 10th. Astec Industries’s dividend payout ratio (DPR) is presently 23.81%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Boothbay Fund Management LLC bought a new position in Astec Industries during the third quarter worth $305,000. Segall Bryant & Hamill LLC lifted its stake in Astec Industries by 45.5% during the third quarter. Segall Bryant & Hamill LLC now owns 106,844 shares of the industrial products company’s stock worth $5,984,000 after purchasing an additional 33,394 shares during the last quarter. Royce & Associates LP lifted its stake in Astec Industries by 51.1% during the third quarter. Royce & Associates LP now owns 372,063 shares of the industrial products company’s stock worth $20,839,000 after purchasing an additional 125,900 shares during the last quarter. Stifel Financial Corp lifted its stake in Astec Industries by 40.9% during the third quarter. Stifel Financial Corp now owns 31,008 shares of the industrial products company’s stock worth $1,736,000 after purchasing an additional 8,994 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Astec Industries by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,639,082 shares of the industrial products company’s stock worth $91,806,000 after buying an additional 47,292 shares during the period. Hedge funds and other institutional investors own 78.10% of the company’s stock.
Astec Industries Company Profile
Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Astec Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astec Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.