Astec Industries, Inc. (ASTE) To Go Ex-Dividend on November 10th
Astec Industries, Inc. (NASDAQ:ASTE) declared a quarterly dividend on Thursday, October 26th, NASDAQ reports. Shareholders of record on Monday, November 13th will be paid a dividend of 0.10 per share by the industrial products company on Wednesday, November 29th. This represents a $0.40 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, November 10th.
Astec Industries (NASDAQ ASTE) opened at $51.81 on Friday. The stock has a market capitalization of $1,195.20, a PE ratio of 30.84, a price-to-earnings-growth ratio of 3.22 and a beta of 1.03. Astec Industries has a 12-month low of $45.70 and a 12-month high of $73.37.
Astec Industries (NASDAQ:ASTE) last announced its earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The firm had revenue of $252.10 million during the quarter, compared to analysts’ expectations of $261.06 million. Astec Industries had a return on equity of 5.89% and a net margin of 3.27%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. analysts anticipate that Astec Industries will post 1.61 EPS for the current fiscal year.
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ASTE has been the topic of several recent research reports. Robert W. Baird raised Astec Industries from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $56.00 to $65.00 in a research note on Tuesday, October 3rd. TheStreet downgraded Astec Industries from a “b” rating to a “c+” rating in a research note on Tuesday, October 24th. Dougherty & Co downgraded Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price objective on the stock. in a research note on Wednesday, July 26th. Finally, Zacks Investment Research raised Astec Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Astec Industries presently has an average rating of “Hold” and an average target price of $75.00.
About Astec Industries
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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