Astec Industries (ASTE) to Release Quarterly Earnings on Wednesday

Astec Industries (NASDAQ:ASTE) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Astec Industries to post earnings of $0.92 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Astec Industries (NASDAQ:ASTE) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.28. The company had revenue of $337.20 million for the quarter, compared to the consensus estimate of $332.33 million. Astec Industries had a net margin of 2.50% and a return on equity of 9.46%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. On average, analysts expect Astec Industries to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Astec Industries Price Performance

ASTE stock opened at $43.10 on Wednesday. The stock has a market cap of $980.09 million, a price-to-earnings ratio of 29.32 and a beta of 1.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.41 and a quick ratio of 0.88. The company has a 50 day simple moving average of $40.72 and a 200 day simple moving average of $37.47. Astec Industries has a 1 year low of $28.97 and a 1 year high of $56.33.

Astec Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.52 annualized dividend and a dividend yield of 1.21%. Astec Industries’s dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Astec Industries from a “hold” rating to a “buy” rating in a report on Monday, March 11th.

About Astec Industries

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.