Astec Industries (ASTE) Receiving Somewhat Favorable News Coverage, Report Shows
Media coverage about Astec Industries (NASDAQ:ASTE) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Astec Industries earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.6855340982901 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research firms have weighed in on ASTE. BidaskClub lowered shares of Astec Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Dougherty & Co lowered shares of Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 target price on the stock. in a report on Wednesday, July 26th.
Astec Industries (ASTE) traded down 0.04% during midday trading on Monday, reaching $48.66. 95,658 shares of the company’s stock traded hands. Astec Industries has a 1-year low of $45.70 and a 1-year high of $73.37. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 23.16 and a beta of 1.10. The stock’s 50 day moving average price is $48.27 and its 200 day moving average price is $56.53.
Astec Industries (NASDAQ:ASTE) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.18. Astec Industries had a return on equity of 7.40% and a net margin of 4.08%. The business had revenue of $301.90 million for the quarter, compared to analyst estimates of $314.31 million. During the same quarter in the previous year, the company posted $0.79 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Astec Industries will post $2.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Friday, August 11th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.40 annualized dividend and a yield of 0.82%. Astec Industries’s payout ratio is 19.05%.
TRADEMARK VIOLATION WARNING: “Astec Industries (ASTE) Receiving Somewhat Favorable News Coverage, Report Shows” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/11/astec-industries-aste-receiving-somewhat-favorable-news-coverage-report-shows.html.
Astec Industries Company Profile
Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.
Receive News & Stock Ratings for Astec Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astec Industries Inc. and related stocks with our FREE daily email newsletter.