Astec Industries (NASDAQ:ASTE - Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.46, Zacks reports. The business had revenue of $359.00 million during the quarter, compared to the consensus estimate of $374.10 million. Astec Industries had a positive return on equity of 7.69% and a negative net margin of 0.15%.
Astec Industries Stock Performance
NASDAQ ASTE traded down $0.27 on Friday, hitting $35.58. 211,710 shares of the company's stock were exchanged, compared to its average volume of 197,185. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.47 and a quick ratio of 0.91. The firm's 50-day moving average price is $33.51 and its two-hundred day moving average price is $33.70. Astec Industries has a fifty-two week low of $28.46 and a fifty-two week high of $44.74. The firm has a market cap of $811.30 million, a price-to-earnings ratio of -444.69 and a beta of 1.31.
Astec Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.46%. The ex-dividend date is Monday, March 10th. Astec Industries's payout ratio is -650.00%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Robert W. Baird boosted their price target on Astec Industries from $40.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday. StockNews.com upgraded Astec Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday.
Check Out Our Latest Stock Report on Astec Industries
About Astec Industries
(
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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.
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