Wall Street brokerages expect Astec Industries, Inc. (NASDAQ:ASTE) to announce earnings of $0.45 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Astec Industries’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.48. Astec Industries reported earnings per share of $0.53 during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.1%. The company is expected to issue its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Astec Industries will report full-year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.58 to $1.64. For the next financial year, analysts forecast that the firm will report earnings of $3.12 per share, with EPS estimates ranging from $2.82 to $3.40. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Astec Industries.

Several research firms have issued reports on ASTE. Seaport Global Securities restated a “hold” rating on shares of Astec Industries in a research report on Tuesday, January 23rd. TheStreet upgraded shares of Astec Industries from a “c+” rating to a “b-” rating in a research report on Friday, January 5th. BidaskClub lowered shares of Astec Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Astec Industries from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Tuesday, January 9th. Finally, William Blair upgraded shares of Astec Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Astec Industries has an average rating of “Buy” and a consensus price target of $73.33.

Astec Industries (ASTE) opened at $58.97 on Friday. Astec Industries has a 1 year low of $45.70 and a 1 year high of $73.37. The stock has a market cap of $1,369.88, a price-to-earnings ratio of 35.35, a P/E/G ratio of 1.91 and a beta of 1.06.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in Astec Industries by 5.2% during the third quarter. Bank of New York Mellon Corp now owns 582,861 shares of the industrial products company’s stock valued at $32,645,000 after buying an additional 28,977 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Astec Industries by 21.0% during the third quarter. Gamco Investors INC. ET AL now owns 1,274,239 shares of the industrial products company’s stock valued at $71,370,000 after acquiring an additional 221,167 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Astec Industries by 83.8% during the second quarter. Cubist Systematic Strategies LLC now owns 6,675 shares of the industrial products company’s stock valued at $371,000 after acquiring an additional 3,044 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Astec Industries by 2.9% during the third quarter. American Century Companies Inc. now owns 98,578 shares of the industrial products company’s stock valued at $5,521,000 after acquiring an additional 2,766 shares during the last quarter. Finally, Granite Investment Partners LLC bought a new position in shares of Astec Industries during the third quarter valued at about $11,430,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

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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.

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