Astec Industries Q1 Earnings Forecast Lifted by Sidoti

Astec Industries, Inc. (NASDAQ:ASTE) – Stock analysts at Sidoti boosted their Q1 2027 earnings estimates for shares of Astec Industries in a report issued on Monday, November 9th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will post earnings per share of $0.81 for the quarter, up from their prior forecast of $0.72. The consensus estimate for Astec Industries’ current full-year earnings is $3.35 per share. Sidoti also issued estimates for Astec Industries’ Q2 2027 earnings at $1.12 EPS, Q3 2027 earnings at $0.49 EPS, Q4 2027 earnings at $1.13 EPS, FY2027 earnings at $3.56 EPS, Q1 2028 earnings at $0.97 EPS, Q2 2028 earnings at $1.32 EPS, Q3 2028 earnings at $0.65 EPS and FY2028 earnings at $4.27 EPS.

ASTE has been the subject of a number of other research reports. Freedom Broker cut their target price on shares of Astec Industries from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research raised Astec Industries from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Astec Industries in a research report on Monday, November 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Astec Industries presently has an average rating of “Buy” and an average target price of $52.00.

Astec Industries Price Performance

Shares of Astec Industries stock opened at $37.63 on Tuesday. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $866.24 million, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.07 and a beta of 1.37. Astec Industries has a 1-year low of $35.05 and a 1-year high of $65.69. The firm’s 50-day moving average price is $40.24 and its two-hundred day moving average price is $50.32.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings results on Thursday, November 5th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.48). The firm had revenue of $352.40 million for the quarter, compared to the consensus estimate of $375.47 million. Astec Industries had a net margin of 1.26% and a return on equity of 10.26%. During the same period in the prior year, the business earned ($0.18) earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASTE. Farther Finance Advisors LLC grew its position in Astec Industries by 17.2% in the third quarter. Farther Finance Advisors LLC now owns 2,308 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 338 shares in the last quarter. Allworth Financial LP bought a new stake in Astec Industries during the 2nd quarter worth about $25,000. Nykredit A S bought a new stake in Astec Industries during the 2nd quarter worth about $25,000. Janney Montgomery Scott LLC lifted its position in Astec Industries by 2.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,693 shares of the industrial products company’s stock worth $1,114,000 after buying an additional 462 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of Astec Industries by 1,128.8% during the 3rd quarter. Fortitude Family Office LLC now owns 639 shares of the industrial products company’s stock worth $26,000 after buying an additional 587 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Monday, November 16th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, November 16th. Astec Industries’s payout ratio is currently 104.00%.

Key Astec Industries News

Here are the key news stories impacting Astec Industries this week:

• Positive Sentiment: Sidoti projects FY2028 EPS of $4.27, above its FY2027 estimate of $3.56, suggesting potential earnings growth over the longer term. It also raised its Q1 2027 EPS estimate to $0.81 from $0.72. Astec Industries analyst estimates
• Neutral Sentiment: Freedom Broker lowered its price target to $52 from $60 but kept a Buy rating; the revised target still implies substantial upside from the $37.63 reference price. Freedom Broker rating information
• Negative Sentiment: Sidoti cut its FY2027 EPS estimate to $3.56 from $3.84, including reductions to Q2, Q3, and Q4 estimates. These downward revisions may weigh on near-term sentiment, despite the higher Q1 forecast. Astec Industries analyst estimates

About Astec Industries

Astec Industries, Inc (NASDAQ: ASTE) designs, engineers and manufactures equipment used in the construction of roads, bridges and other infrastructure. The company serves businesses involved in the production and processing of aggregates, asphalt, concrete and other construction materials.

Its product portfolio includes asphalt plants and related equipment, concrete production systems, aggregate crushing, screening and material-handling equipment, wood-processing equipment, and machinery used in road construction and rehabilitation.