Astec Industries, Inc. to Issue Quarterly Dividend of $0.10 (NASDAQ:ASTE)
Astec Industries, Inc. (NASDAQ:ASTE) declared a quarterly dividend on Friday, July 28th, NASDAQ reports. Investors of record on Friday, August 11th will be paid a dividend of 0.10 per share by the industrial products company on Tuesday, August 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, August 9th.
Astec Industries (ASTE) opened at 48.00 on Tuesday. The company has a market capitalization of $1.11 billion, a P/E ratio of 22.85 and a beta of 1.09. Astec Industries has a 52 week low of $47.34 and a 52 week high of $73.37. The company’s 50 day moving average price is $54.83 and its 200-day moving average price is $60.86.
Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.62 EPS for the quarter, missing the 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 business had revenue of $301.90 million during the quarter, compared to analyst estimates of $314.31 million. During the same period in the previous year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts expect that Astec Industries will post $2.49 earnings per share for the current year.
ASTE has been the topic of several research analyst reports. BidaskClub lowered Astec Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Dougherty & Co lowered Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a report on Wednesday, July 26th.
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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