Media stories about Astec Industries (NASDAQ:ASTE) have been trending positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Astec Industries earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.3820399725603 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research firms have weighed in on ASTE. Robert W. Baird upgraded Astec Industries from a “neutral” rating to an “outperform” rating and raised their price target for the company from $56.00 to $65.00 in a report on Tuesday, October 3rd. BidaskClub cut Astec Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. William Blair raised Astec Industries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 2nd. TheStreet raised Astec Industries from a “c+” rating to a “b-” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research raised Astec Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Astec Industries currently has an average rating of “Buy” and a consensus target price of $73.33.
Shares of Astec Industries (NASDAQ ASTE) opened at $63.12 on Thursday. The firm has a market capitalization of $1,462.62, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 2.04 and a beta of 1.06. Astec Industries has a 1 year low of $45.70 and a 1 year high of $73.37.
Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). Astec Industries had a net margin of 3.27% and a return on equity of 5.89%. The company had revenue of $252.10 million during the quarter, compared to analysts’ expectations of $261.06 million. During the same quarter in the prior year, the business posted $0.30 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. equities analysts predict that Astec Industries will post 1.61 EPS for the current year.
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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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