Astec Industries (ASTE) Expected to Announce Earnings on Wednesday

Astec Industries (NASDAQ:ASTE) is projected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Astec Industries to post earnings of $0.73 per share and revenue of $374.10 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Astec Industries Trading Up 1.4 %

ASTE stock opened at $33.46 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. Astec Industries has a 12-month low of $28.46 and a 12-month high of $44.74. The stock has a market cap of $762.89 million, a price-to-earnings ratio of -418.20 and a beta of 1.31. The business’s 50-day moving average is $34.02 and its 200 day moving average is $33.62.

Analysts Set New Price Targets

Several research firms recently issued reports on ASTE. Robert W. Baird lifted their price objective on Astec Industries from $36.00 to $40.00 and gave the stock 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.

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.