Astec Industries (NASDAQ:ASTE) Getting Somewhat Favorable News Coverage, Study Shows
Press coverage about Astec Industries (NASDAQ:ASTE) has trended somewhat positive recently, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Astec Industries earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 95 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the near future.
Shares of Astec Industries (NASDAQ ASTE) opened at 55.88 on Monday. Astec Industries has a 1-year low of $52.08 and a 1-year high of $73.37. The firm has a market cap of $1.29 billion, a PE ratio of 24.73 and a beta of 1.11. The stock has a 50 day moving average of $56.61 and a 200 day moving average of $62.99.
Astec Industries (NASDAQ:ASTE) last released its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by $0.01. The firm had revenue of $318.40 million for the quarter, compared to the consensus estimate of $291.51 million. Astec Industries had a return on equity of 8.09% and a net margin of 4.43%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. Equities research analysts anticipate that Astec Industries will post $2.67 earnings per share for the current fiscal year.
Separately, BidaskClub downgraded shares of Astec Industries from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $68.80.
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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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