Astec Industries (ASTE) to Release Earnings on Wednesday

Astec Industries (NASDAQ:ASTE) is anticipated 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 listening to the company’s earnings conference call can do so using this link.

Astec Industries Trading Down 5.3 %

Shares of NASDAQ:ASTE opened at $30.98 on Monday. Astec Industries has a 12-month low of $28.46 and a 12-month high of $44.74. The business’s fifty day simple moving average is $33.62 and its 200-day simple moving average is $33.66. The company has a market capitalization of $706.34 million, a PE ratio of -387.20 and a beta of 1.31. The company has a current ratio of 2.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

A number of research analysts have recently issued reports 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 report on Thursday, November 7th. StockNews.com downgraded Astec Industries from a “buy” rating to a “hold” rating in a research note on Thursday.

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.