Astec Industries (ASTE) Expected to Announce Quarterly Earnings on Wednesday

Astec Industries (NASDAQ:ASTE - Get Free Report) 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. Individual interested in registering for the company's earnings conference call can do so using this link.

Astec Industries Stock Performance

ASTE stock traded down $1.75 during midday trading on Friday, hitting $30.98. 121,716 shares of the stock traded hands, compared to its average volume of 184,439. The stock's fifty day simple moving average is $33.74 and its 200-day simple moving average is $33.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.47 and a quick ratio of 0.91. 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 $706.34 million, a P/E ratio of -387.20 and a beta of 1.31.

Analyst Ratings Changes

Several brokerages have issued reports on ASTE. StockNews.com cut shares of Astec Industries from a "buy" rating to a "hold" rating in a research note on Thursday. Robert W. Baird raised their price objective on Astec Industries from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th.

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.