Astec Industries, Inc. (ASTE)

NASDAQ: ASTE · IEX Real-Time Price · USD
32.06
-0.52 (-1.60%)
Sep 27, 2022 3:59 PM EDT - Market closed
-1.60%
Market Cap 733.05M
Revenue (ttm) 1.14B
Net Income (ttm) 300,000
Shares Out 22.86M
EPS (ttm) 0.05
PE Ratio 641.20
Forward PE n/a
Dividend $0.48 (1.50%)
Ex-Dividend Date Aug 11, 2022
Volume 57,114
Open 32.96
Previous Close 32.58
Day's Range 31.91 - 33.05
52-Week Range 31.91 - 75.00
Beta 1.40
Analysts Buy
Price Target 51.68 (+61.2%)
Earnings Date Nov 1, 2022

About ASTE

Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. 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 t... [Read more...]

Industry Machinery
Founded 1972
CEO Richard Dorris
Employees 4,041
Stock Exchange NASDAQ
Ticker Symbol ASTE
Full Company Profile

Financial Performance

In 2021, ASTE's revenue was $1.10 billion, an increase of 7.11% compared to the previous year's $1.02 billion. Earnings were $17.80 million, a decrease of -62.05%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for ASTE stock is "Buy." The 12-month stock price forecast is 51.68, which is an increase of 61.20% from the latest price.

Price Target
$51.68
(61.20% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Astec Celebrates 50 Years of Manufacturing Heavy Equipment that Connects the World

CHATTANOOGA, Tenn., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) is celebrating 50 years of designing and manufacturing heavy equipment used to build the infrastructure that c...

1 month ago - GlobeNewsWire

Astec (ASTE) Q2 Earnings Lag Estimates, Revenues Up Y/Y

Astec (ASTE) Q2 top line improves year over year on increased equipment and parts sales in both the segments in the domestic market, while the bottom line is hurt by inflationary pressures.

1 month ago - Zacks Investment Research

Astec to Ring Nasdaq Opening Bell to Celebrate 50th Anniversary

CHATTANOOGA, Tenn., Aug. 03, 2022 (GLOBE NEWSWIRE) -- To celebrate 50 years of designing and manufacturing heavy equipment used to build the infrastructure that connects the world, Astec Industries, Inc...

1 month ago - GlobeNewsWire

Astec Industries (ASTE) Q2 Earnings Lag Estimates

Astec Industries (ASTE) delivered earnings and revenue surprises of -62% and 2.82%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Astec Reports Second Quarter 2022 Results

Second Quarter 2022 Highlights (all comparisons are made to the prior year second quarter):

1 month ago - GlobeNewsWire

Astec Industries (ASTE) Reports Next Week: Wall Street Expects Earnings Growth

Astec Industries (ASTE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's Second Quarter Conference Call on August 2, 2022 at 8:3...

CHATTANOOGA, Tenn., July 19, 2022 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's second quarter 2022 financial re...

2 months ago - GlobeNewsWire

Astec to participate in the Stifel 2022 Cross Sector Insight Conference

CHATTANOOGA, Tenn., May 23, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today it will participate in the Stifel 2022 Cross Sector Insight Conference on Wednesday, June 8, 20...

4 months ago - GlobeNewsWire

Wall Street Analysts Believe Astec Industries (ASTE) Could Rally 95%: Here's is How to Trade

The mean of analysts' price targets for Astec Industries (ASTE) points to a 94.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among a...

4 months ago - Zacks Investment Research

Astec Industries (ASTE) Q1 Earnings Top Estimates

Astec Industries (ASTE) delivered earnings and revenue surprises of 141.18% and 1.33%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Astec Reports First Quarter 2022 Results

First Quarter 2022 Highlights (all comparisons are made to the prior year first quarter):

4 months ago - GlobeNewsWire

Earnings Preview: Astec Industries (ASTE) Q1 Earnings Expected to Decline

Astec Industries (ASTE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 months ago - Zacks Investment Research

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's First Quarter Conference Call May 4, 2022 at 8:30 A.M. ...

CHATTANOOGA, Tenn., April 25, 2022 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's First Quarter financial results.

5 months ago - GlobeNewsWire

Astec Industries (ASTE) Down 7% Since Last Earnings Report: Can It Rebound?

Astec Industries (ASTE) reported earnings 30 days ago. What's next for the stock?

5 months ago - Zacks Investment Research

Astec (ASTE) to Buy MINDS Automation, Expand Asphalt Production

Astec's (ASTE) latest acquisition strengthens digital platform across its Rock-to-Road value chain through Astec Controls and Grathwol Automation.

6 months ago - Zacks Investment Research

Astec Builds on Technology Platform With Acquisition of Minds Automation Group Inc.

CHATTANOOGA, Tenn., March 23, 2022 (GLOBE NEWSWIRE) -- Astec Industries (NASDAQ: ASTE) announces entering into a definitive agreement to acquire MINDS Automation Group Inc. (MINDS), a leader in plant au...

6 months ago - GlobeNewsWire

Astec to participate in Sidoti Virtual Conference

CHATTANOOGA, Tenn., March 15, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today it will participate in the Sidoti Virtual Conference on Wednesday, March 23, 2022. Barry A. R...

6 months ago - GlobeNewsWire

Astec (ASTE) Q4 Earnings Lags Estimates, Revenues Up Y/Y

Astec (ASTE) Q4 top line increases year over year on pricing initiatives, stronger asphalt plant and concrete plant sales as well as increased aftermarket parts sales.

6 months ago - Zacks Investment Research

Astec Industries (ASTE) Reports Q4 Loss, Lags Revenue Estimates

Astec Industries (ASTE) delivered earnings and revenue surprises of -400% and 0.05%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Astec Reports Fourth Quarter 2021 Results

Fourth Quarter 2021 Highlights (all comparisons are made to the prior year fourth quarter):

6 months ago - GlobeNewsWire

Astec (ASTE) Announces Preliminary Q4 Results, Costs High

Astec's (ASTE) preliminary results show that its revenues were up 12% in the fourth quarter of 2021 and gross margins suffered a 350 basis impact from supply chain headwinds and higher costs.

7 months ago - Zacks Investment Research

ASTEC Announces Business Update and Fourth Quarter and Full Year 2021 Earnings Call

CHATTANOOGA, Tenn., Feb. 07, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today announced the following unaudited, preliminary fourth quarter 2021 performance details.

7 months ago - GlobeNewsWire

Astec Industries (ASTE) Up 2.3% Since Last Earnings Report: Can It Continue?

Astec Industries (ASTE) reported earnings 30 days ago. What's next for the stock?

9 months ago - Zacks Investment Research

Astec's (ASTE) Margins to Bear the Brunt of Inflated Costs

While Astec (ASTE) will gain from a higher backlog, higher steel prices, supply-chain issues and labor constraints will likely hurt results.

10 months ago - Zacks Investment Research

Astec (ASTE) Q3 Earnings & Revenues Beat Estimates, Up Y/Y

Astec (ASTE) Q3 earnings improve year over year on the back of higher sales. Total backlog was a record $620.5 million, which increased a whopping 184% year over year.

10 months ago - Zacks Investment Research