Media stories about Astec Industries (NASDAQ:ASTE) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. 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 0.11 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.3881366690434 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- FEMCO Holdings, LLC Designated as Authorized Repair Facility for KPI-JCI and Astec Mobile Screens (pr.com)
- Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s Third Quarter Conference Call October 24, 2017 at 10:00 A.M. Eastern Time (finance.yahoo.com)
- Form 4 ASTEC INDUSTRIES INC For: Oct 13 Filed by: Colwell Chris E (streetinsider.com)
- Astec Industries, Inc. (ASTE) Set to Announce Quarterly Earnings on Monday (americanbankingnews.com)
- Form 4 ASTEC INDUSTRIES INC For: Oct 10 Filed by: Merwe Jaco van der (streetinsider.com)
A number of equities analysts recently issued reports on ASTE shares. Zacks Investment Research upgraded shares of Astec Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Dougherty & Co cut shares of Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price target on the stock. in a research note on Wednesday, July 26th. Robert W. Baird upgraded shares of Astec Industries from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $65.00 in a research note on Tuesday, October 3rd. Finally, BidaskClub cut shares of Astec Industries from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $75.00.
Shares of Astec Industries (NASDAQ ASTE) traded down 1.08% during trading on Tuesday, reaching $51.49. 69,820 shares of the company were exchanged. Astec Industries has a 1-year low of $45.70 and a 1-year high of $73.37. The firm has a market capitalization of $1.19 billion, a P/E ratio of 24.51 and a beta of 1.10. The firm’s 50 day moving average is $51.71 and its 200 day moving average is $54.87.
Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.18). Astec Industries had a return on equity of 7.40% and a net margin of 4.08%. The business had revenue of $301.90 million for the quarter, compared to analysts’ expectations of $314.31 million. During the same quarter in the previous year, the firm posted $0.79 EPS. Astec Industries’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Astec Industries will post $2.01 EPS for the current fiscal year.
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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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