Astec Industries (NASDAQ:ASTE – Get Free Report) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.47), Yahoo Finance reports. Astec Industries had a net margin of 1.91% and a return on equity of 7.44%. The business had revenue of $309.20 million during the quarter, compared to analyst estimates of $343.27 million. During the same quarter last year, the business earned $0.90 earnings per share. Astec Industries’s revenue for the quarter was down 11.1% on a year-over-year basis.
Astec Industries Stock Performance
NASDAQ:ASTE traded down $0.41 on Friday, hitting $32.75. The stock had a trading volume of 40,819 shares, compared to its average volume of 138,590. The business’s 50-day simple moving average is $41.39 and its two-hundred day simple moving average is $37.32. The company has a quick ratio of 0.88, a current ratio of 2.51 and a debt-to-equity ratio of 0.19. Astec Industries has a 52-week low of $28.97 and a 52-week high of $56.33. The stock has a market cap of $744.74 million, a price-to-earnings ratio of 30.42 and a beta of 1.40.
Astec Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 13th will be paid a $0.13 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.59%. Astec Industries’s dividend payout ratio is currently 47.71%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Astec Industries
About Astec Industries
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.
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