Astec Industries (ASTE) Given Media Impact Rating of 0.24
News coverage about Astec Industries (NASDAQ:ASTE) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Astec Industries earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.3511169297975 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities analysts have issued reports on ASTE shares. Zacks Investment Research upgraded shares of Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Robert W. Baird upgraded shares of Astec Industries from a “neutral” rating to an “outperform” rating and upped their price target for the company from $56.00 to $65.00 in a research report on Tuesday, October 3rd. TheStreet cut shares of Astec Industries from a “b” rating to a “c+” rating in a research report on Tuesday, October 24th. BidaskClub cut shares of Astec Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, William Blair upgraded shares of Astec Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Astec Industries has an average rating of “Buy” and an average target price of $75.00.
Shares of Astec Industries (ASTE) opened at $62.73 on Friday. Astec Industries has a 12-month low of $45.70 and a 12-month high of $73.37. The firm has a market cap of $1,450.00, a price-to-earnings ratio of 37.12, a PEG ratio of 2.02 and a beta of 1.05.
Astec Industries (NASDAQ:ASTE) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). Astec Industries had a return on equity of 5.89% and a net margin of 3.27%. The firm had revenue of $252.10 million for the quarter, compared to analyst estimates of $261.06 million. During the same quarter last year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. equities research analysts expect that Astec Industries will post 1.61 EPS for the current fiscal year.
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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