Astec Industries (NASDAQ:ASTE) Issues Quarterly Earnings Results

Astec Industries (NASDAQ:ASTE) posted its quarterly earnings results on Wednesday. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.46, Zacks reports. Astec Industries had a positive return on equity of 7.69% and a negative net margin of 0.15%. The firm had revenue of $359.00 million during the quarter, compared to the consensus estimate of $374.10 million.

Astec Industries Stock Performance

NASDAQ ASTE traded down $0.46 on Thursday, hitting $35.03. The stock had a trading volume of 47,960 shares, compared to its average volume of 189,155. Astec Industries has a one year low of $28.46 and a one year high of $44.74. The company has a quick ratio of 0.91, a current ratio of 2.47 and a debt-to-equity ratio of 0.16. The stock has a market cap of $798.75 million, a price-to-earnings ratio of -437.82 and a beta of 1.31. The company’s 50-day moving average is $33.43 and its two-hundred day moving average is $33.66.

Astec Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, March 10th. Astec Industries’s dividend payout ratio (DPR) is -650.00%.

Wall Street Analysts Forecast Growth

ASTE has been the subject of a number of recent research reports. Robert W. Baird increased their target price on Astec Industries from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday. StockNews.com downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

Astec Industries Company Profile

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.