Astec Industries (ASTE) Projected to Post Earnings on Wednesday

Astec Industries (NASDAQ:ASTE) will likely be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.73 per share and revenue of $374.10 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Astec Industries Price Performance

Shares of Astec Industries stock opened at $30.40 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 2.47 and a debt-to-equity ratio of 0.16. Astec Industries has a twelve month low of $28.46 and a twelve month high of $44.74. The business has a 50-day moving average price of $33.50 and a 200 day moving average price of $33.65. The firm has a market cap of $693.12 million, a PE ratio of -379.95 and a beta of 1.31.

Astec Industries Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Robert W. Baird lifted their price target on Astec Industries from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. StockNews.com cut Astec Industries from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

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.