Astec Industries (ASTE) Given Daily Media Impact Score of 0.12

Press coverage about Astec Industries (NASDAQ:ASTE) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Astec Industries earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.2528159849597 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

Shares of Astec Industries (ASTE) opened at $54.50 on Thursday. The stock has a market capitalization of $1,302.52, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 3.51 and a beta of 1.05. Astec Industries has a fifty-two week low of $45.70 and a fifty-two week high of $73.37.

Astec Industries (NASDAQ:ASTE) last released its earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). The business had revenue of $252.10 million during the quarter, compared to analyst estimates of $261.06 million. Astec Industries had a net margin of 3.27% and a return on equity of 5.89%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. equities research analysts predict that Astec Industries will post 1.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, November 10th. Astec Industries’s dividend payout ratio (DPR) is currently 23.81%.

ASTE has been the topic of a number of analyst reports. Zacks Investment Research raised Astec Industries from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. TheStreet lowered Astec Industries from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. BidaskClub lowered Astec Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Robert W. Baird raised Astec Industries from a “neutral” rating to an “outperform” rating and raised their target price for the company from $56.00 to $65.00 in a report on Tuesday, October 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Astec Industries has an average rating of “Hold” and an average price target of $75.00.

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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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