Somewhat Positive News Coverage Somewhat Unlikely to Impact Astec Industries (ASTE) Stock Price
Media headlines about Astec Industries (NASDAQ:ASTE) have been trending somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Astec Industries earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 48.7279898410453 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Astec Industries (NASDAQ ASTE) traded up $0.33 during mid-day trading on Friday, reaching $51.81. 120,589 shares of the company’s stock traded hands, compared to its average volume of 117,556. The company has a market capitalization of $1,195.20, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 3.22 and a beta of 1.03. Astec Industries has a 12 month low of $45.70 and a 12 month high of $73.37.
Astec Industries (NASDAQ:ASTE) last posted its earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). The business had revenue of $252.10 million during the quarter, compared to the consensus estimate of $261.06 million. Astec Industries had a return on equity of 5.89% and a net margin of 3.27%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. equities research analysts forecast that Astec Industries will post 1.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, November 10th. Astec Industries’s dividend payout ratio is 23.81%.
A number of brokerages recently commented on ASTE. Robert W. Baird raised shares of Astec Industries from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $56.00 to $65.00 in a research report on Tuesday, October 3rd. TheStreet downgraded shares of Astec Industries from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. Dougherty & Co downgraded shares of Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 target price for the company. in a research report on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Astec Industries has a consensus rating of “Hold” and an average target price of $75.00.
About Astec Industries
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.
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