Wall Street brokerages expect that Astec Industries, Inc. (NASDAQ:ASTE) will announce $0.31 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Astec Industries’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.42. Astec Industries posted earnings per share of $0.30 during the same quarter last year, which would indicate a positive year over year growth rate of 3.3%. The company is scheduled to announce its next earnings report on Tuesday, October 22nd.
According to Zacks, analysts expect that Astec Industries will report full year earnings of $2.04 per share for the current year, with EPS estimates ranging from $2.00 to $2.07. For the next financial year, analysts anticipate that the business will report earnings of $2.41 per share, with EPS estimates ranging from $2.25 to $2.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Astec Industries.
Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Astec Industries had a negative net margin of 0.20% and a positive return on equity of 7.07%. The company had revenue of $304.80 million for the quarter, compared to the consensus estimate of $299.96 million. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s quarterly revenue was down 12.2% compared to the same quarter last year.
ASTE traded up $0.15 on Wednesday, reaching $32.24. 134,075 shares of the company traded hands, compared to its average volume of 178,154. Astec Industries has a one year low of $26.20 and a one year high of $52.88. The firm has a fifty day simple moving average of $29.34 and a two-hundred day simple moving average of $32.81. The company has a market cap of $719.72 million, a P/E ratio of 11.04 and a beta of 1.47. The company has a quick ratio of 1.13, a current ratio of 3.21 and a debt-to-equity ratio of 0.05.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.44 annualized dividend and a dividend yield of 1.36%. Astec Industries’s dividend payout ratio is currently 15.07%.
In other Astec Industries news, insider Jaco Van Der Merwe purchased 2,000 shares of Astec Industries stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average price of $28.00 per share, for a total transaction of $56,000.00. Following the acquisition, the insider now owns 6,579 shares in the company, valued at approximately $184,212. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stephen C. Anderson purchased 2,200 shares of Astec Industries stock in a transaction dated Thursday, August 29th. The stock was acquired at an average price of $27.75 per share, with a total value of $61,050.00. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.
Large investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its stake in shares of Astec Industries by 9.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,350,011 shares of the industrial products company’s stock worth $43,956,000 after acquiring an additional 122,125 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Astec Industries by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 661,716 shares of the industrial products company’s stock worth $21,546,000 after acquiring an additional 10,081 shares in the last quarter. Investment Counselors of Maryland LLC raised its stake in shares of Astec Industries by 1.1% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 494,133 shares of the industrial products company’s stock worth $16,089,000 after acquiring an additional 5,435 shares in the last quarter. Teton Advisors Inc. raised its stake in shares of Astec Industries by 7.6% during the 2nd quarter. Teton Advisors Inc. now owns 330,600 shares of the industrial products company’s stock worth $10,764,000 after acquiring an additional 23,400 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Astec Industries by 6.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 271,115 shares of the industrial products company’s stock worth $8,828,000 after acquiring an additional 15,708 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.
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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