Astec Industries (ASTE) Scheduled to Post Quarterly Earnings on Wednesday

Astec Industries (NASDAQ:ASTE) is set to release its earnings data before the market opens on Wednesday, November 6th. Persons that wish to register for the company’s earnings conference call can do so using this link.

Astec Industries (NASDAQ:ASTE) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.11). Astec Industries had a negative net margin of 0.18% and a positive return on equity of 6.56%. The company had revenue of $345.50 million during the quarter, compared to analyst estimates of $332.35 million. During the same quarter last year, the business posted $0.87 EPS. Astec Industries’s quarterly revenue was down 1.3% compared to the same quarter last year.

Astec Industries Price Performance

ASTE stock opened at $32.37 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.04 and a current ratio of 2.50. Astec Industries has a 1 year low of $28.46 and a 1 year high of $44.74. The firm has a market cap of $738.07 million, a P/E ratio of -323.70 and a beta of 1.26. The stock has a 50-day simple moving average of $31.61 and a 200-day simple moving average of $32.60.

Astec Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, November 13th. Astec Industries’s dividend payout ratio is currently -520.00%.

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.