Equities analysts expect Astec Industries (NASDAQ:ASTE) to post sales of $329.19 million for the current quarter, according to Zacks. Four analysts have issued estimates for Astec Industries’ earnings, with the lowest sales estimate coming in at $324.06 million and the highest estimate coming in at $332.70 million. Astec Industries reported sales of $301.91 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The company is expected to issue its next quarterly earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that Astec Industries will report full-year sales of $1.34 billion for the current year, with estimates ranging from $1.31 billion to $1.37 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.39 billion per share, with estimates ranging from $1.33 billion to $1.49 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Astec Industries.
Astec Industries (NASDAQ:ASTE) last issued its earnings results on Tuesday, April 24th. The industrial products company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. The company had revenue of $325.50 million during the quarter, compared to analysts’ expectations of $336.32 million. Astec Industries had a return on equity of 5.43% and a net margin of 3.19%. Astec Industries’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS.
ASTE stock traded up $0.95 during trading on Friday, hitting $56.08. 106,563 shares of the company traded hands, compared to its average volume of 157,003. The stock has a market capitalization of $1,322.04, a PE ratio of 34.89, a P/E/G ratio of 1.69 and a beta of 1.13. Astec Industries has a 1 year low of $45.70 and a 1 year high of $65.48.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, March 9th. Astec Industries’s dividend payout ratio (DPR) is presently 25.32%.
Several institutional investors have recently bought and sold shares of ASTE. Franklin Resources Inc. increased its holdings in shares of Astec Industries by 139.5% in the 4th quarter. Franklin Resources Inc. now owns 1,047,759 shares of the industrial products company’s stock worth $61,294,000 after purchasing an additional 610,317 shares in the last quarter. Penn Capital Management Co. Inc. bought a new stake in shares of Astec Industries in the 4th quarter worth $13,684,000. Heartland Advisors Inc. bought a new stake in shares of Astec Industries in the 4th quarter worth $8,696,000. SG Capital Management LLC bought a new stake in shares of Astec Industries in the 4th quarter worth $6,020,000. Finally, Cortina Asset Management LLC bought a new stake in shares of Astec Industries in the 4th quarter worth $5,938,000. 93.66% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “$329.19 Million in Sales Expected for Astec Industries (ASTE) This Quarter” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://stocknewstimes.com/2018/05/18/329-19-million-in-sales-expected-for-astec-industries-aste-this-quarter.html.
About Astec Industries
Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. The company operates through Infrastructure Group, Aggregate and Mining Group, and Energy Group segments.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Astec Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astec Industries and related companies with MarketBeat.com's FREE daily email newsletter.