Astec Industries (ASTE) to Release Earnings on Wednesday

Astec Industries (NASDAQ:ASTE) is projected to post its quarterly earnings results 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Astec Industries Stock Down 5.3 %

Astec Industries stock opened at $30.98 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 2.47. The business’s 50-day simple moving average is $33.62 and its two-hundred day simple moving average is $33.66. The company has a market cap of $706.34 million, a PE ratio of -387.20 and a beta of 1.31. Astec Industries has a fifty-two week low of $28.46 and a fifty-two week high of $44.74.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ASTE shares. Robert W. Baird boosted their price objective on Astec Industries from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com cut Astec Industries from a “buy” rating to a “hold” rating in a report on Thursday.

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.