Analysts expect that Astec Industries, Inc. (NASDAQ:ASTE) will announce sales of $330.82 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Astec Industries’ earnings. The lowest sales estimate is $327.17 million and the highest is $333.30 million. Astec Industries reported sales of $301.91 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.6%. The firm is expected to report its next quarterly earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that Astec Industries will report full year sales of $1.34 billion for the current year, with estimates ranging from $1.32 billion to $1.34 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.36 billion per share, with estimates ranging from $1.35 billion to $1.39 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Astec Industries.
Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Astec Industries had a net margin of 3.60% and a return on equity of 6.09%. The firm had revenue of $325.50 million for the quarter, compared to analyst estimates of $336.32 million. During the same quarter in the previous year, the business posted $0.65 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year.
Astec Industries traded down $0.20, reaching $60.12, during trading on Monday, Marketbeat Ratings reports. The stock had a trading volume of 88,000 shares, compared to its average volume of 137,686. Astec Industries has a 1-year low of $45.70 and a 1-year high of $64.80. The firm has a market capitalization of $1.39 billion, a P/E ratio of 38.03, a P/E/G ratio of 1.77 and a beta of 1.14.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Stockholders of record on Monday, May 14th were paid a $0.10 dividend. The ex-dividend date was Friday, May 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.67%. Astec Industries’s dividend payout ratio (DPR) is presently 25.32%.
In other news, CEO Benjamin G. Brock sold 11,000 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $54.41, for a total value of $598,510.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. California Public Employees Retirement System raised its stake in shares of Astec Industries by 3.0% in the 4th quarter. California Public Employees Retirement System now owns 30,898 shares of the industrial products company’s stock valued at $1,808,000 after purchasing an additional 900 shares in the last quarter. Aperio Group LLC raised its stake in Astec Industries by 13.9% during the first quarter. Aperio Group LLC now owns 11,702 shares of the industrial products company’s stock worth $646,000 after acquiring an additional 1,426 shares during the period. SG Americas Securities LLC raised its stake in Astec Industries by 19.7% during the first quarter. SG Americas Securities LLC now owns 9,055 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 1,491 shares during the period. Swiss National Bank raised its stake in Astec Industries by 4.9% during the first quarter. Swiss National Bank now owns 34,200 shares of the industrial products company’s stock worth $1,887,000 after acquiring an additional 1,600 shares during the period. Finally, Two Sigma Advisers LP raised its stake in Astec Industries by 14.1% during the fourth quarter. Two Sigma Advisers LP now owns 15,363 shares of the industrial products company’s stock worth $899,000 after acquiring an additional 1,900 shares during the period. Institutional investors and hedge funds own 88.82% of the company’s stock.
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 operates through Infrastructure Group, Aggregate and Mining Group, and Energy Group segments.
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