Astec Industries (ASTE) to Release Earnings on Wednesday

Astec Industries (NASDAQ:ASTE) is expected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.73 per share and revenue of $374.10 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Astec Industries Trading Up 1.4 %

ASTE opened at $33.46 on Wednesday. Astec Industries has a one year low of $28.46 and a one year high of $44.74. The stock has a market capitalization of $762.89 million, a PE ratio of -418.20 and a beta of 1.31. The business’s 50 day moving average price is $34.02 and its 200 day moving average price is $33.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 2.47.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ASTE. Robert W. Baird upped their price objective on Astec Industries from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com upgraded Astec Industries from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th.

Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.