Headlines about Astec Industries (NASDAQ:ASTE) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Astec Industries earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.3263206179633 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Astec Industries, Inc. to Attend Dougherty & Company Institutional Investor Conference (finance.yahoo.com)
- Astec Industries, Inc. breached its 50 day moving average in a Bullish Manner : ASTE-US : September 14, 2017 (finance.yahoo.com)
- Popular Index ETF Tops This Week’s Short-Selling List (finance.yahoo.com)
- Astec Industries, Inc. : ASTE-US: Dividend Analysis : August 11th, 2017 (record date) : By the numbers : September 13, 2017 (finance.yahoo.com)
Several research analysts have commented on ASTE shares. BidaskClub downgraded Astec Industries from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Dougherty & Co downgraded Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 target price for the company. in a research note on Wednesday, July 26th.
Astec Industries (NASDAQ ASTE) traded up 0.97% during mid-day trading on Friday, hitting $51.15. The company’s stock had a trading volume of 173,055 shares. The stock has a market cap of $1.18 billion, a P/E ratio of 24.35 and a beta of 1.10. The company’s 50 day moving average is $48.12 and its 200-day moving average is $56.13. Astec Industries has a 52-week low of $45.70 and a 52-week high of $73.37.
Astec Industries (NASDAQ:ASTE) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.18). Astec Industries had a net margin of 4.08% and a return on equity of 7.40%. The company had revenue of $301.90 million for the quarter, compared to the consensus estimate of $314.31 million. During the same period in the prior year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts predict that Astec Industries will post $2.50 EPS for the current fiscal year.
The business also recently declared 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. This represents a $0.40 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, August 9th. Astec Industries’s dividend payout ratio is presently 19.05%.
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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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