Astec Industries (ASTE) Projected to Post Earnings on Wednesday

Astec Industries (NASDAQ:ASTE) is projected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Astec Industries to post earnings of $0.73 per share and revenue of $374.10 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Astec Industries Stock Down 1.9 %

Astec Industries stock opened at $30.40 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.47 and a quick ratio of 0.91. The stock has a market capitalization of $693.12 million, a price-to-earnings ratio of -379.95 and a beta of 1.31. Astec Industries has a 1-year low of $28.46 and a 1-year high of $44.74. The business has a fifty day moving average price of $33.50 and a 200-day moving average price of $33.65.

Astec Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.71%. Astec Industries’s payout ratio is -649.92%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ASTE. StockNews.com lowered Astec Industries from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Robert W. Baird raised their target price on Astec Industries from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th.

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.