Equities research analysts predict that Astec Industries, Inc. (NASDAQ:ASTE) will announce sales of $330.82 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Astec Industries’ earnings. The lowest sales estimate is $327.17 million and the highest is $333.30 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 9.6%. The business is scheduled to issue its next earnings report on Tuesday, July 24th.

According to Zacks, analysts expect that Astec Industries will report full year sales of $1.34 billion for the current financial year, with estimates ranging from $1.32 billion to $1.34 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.36 billion per share, with estimates ranging from $1.35 billion to $1.39 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Astec Industries.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings results on Tuesday, April 24th. The industrial products company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. Astec Industries had a return on equity of 6.09% and a net margin of 3.60%. The company had revenue of $325.50 million for the quarter, compared to analysts’ expectations of $336.32 million. During the same quarter last year, the business earned $0.65 earnings per share. Astec Industries’s revenue was up 2.2% on a year-over-year basis.

ASTE has been the topic of a number of recent analyst reports. BidaskClub upgraded Astec Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. Stifel Nicolaus decreased their price target on Astec Industries from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, April 25th. Robert W. Baird restated a “buy” rating and issued a $64.00 price target on shares of Astec Industries in a research report on Friday, April 13th. Finally, ValuEngine upgraded Astec Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Astec Industries has a consensus rating of “Buy” and a consensus price target of $67.25.

In other Astec Industries news, CEO Benjamin G. Brock sold 22,439 shares of Astec Industries stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $54.71, for a total value of $1,227,637.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank bought a new position in Astec Industries in the second quarter valued at about $209,000. Bank of Montreal Can grew its position in Astec Industries by 4.7% in the second quarter. Bank of Montreal Can now owns 147,310 shares of the industrial products company’s stock valued at $8,809,000 after acquiring an additional 6,649 shares during the last quarter. SG Capital Management LLC grew its position in Astec Industries by 134.1% in the second quarter. SG Capital Management LLC now owns 118,470 shares of the industrial products company’s stock valued at $7,085,000 after acquiring an additional 67,854 shares during the last quarter. Confluence Investment Management LLC grew its position in Astec Industries by 4.5% in the second quarter. Confluence Investment Management LLC now owns 80,860 shares of the industrial products company’s stock valued at $4,836,000 after acquiring an additional 3,485 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in Astec Industries by 45.2% in the second quarter. Xact Kapitalforvaltning AB now owns 6,751 shares of the industrial products company’s stock valued at $404,000 after acquiring an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.

Shares of NASDAQ ASTE traded down $0.30 during mid-day trading on Monday, reaching $61.37. The company had a trading volume of 79,241 shares, compared to its average volume of 96,765. Astec Industries has a one year low of $45.70 and a one year high of $64.80. The stock has a market capitalization of $1.42 billion, a P/E ratio of 38.84, a PEG ratio of 1.82 and a beta of 1.13.

Astec Industries Company Profile

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.

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Earnings History and Estimates for Astec Industries (NASDAQ:ASTE)

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