Sidoti Research Analysts Reduce Earnings Estimates for ASTE

by · The Markets Daily

Astec Industries, Inc. (NASDAQ:ASTE – Free Report) – Sidoti reduced their Q3 2026 earnings per share estimates for Astec Industries in a note issued to investors on Thursday, August 6th. Sidoti analyst S. Ferazani now anticipates that the industrial products company will post earnings per share of $0.51 for the quarter, down from their prior estimate of $0.75. The consensus estimate for Astec Industries’ current full-year earnings is $3.36 per share. Sidoti also issued estimates for Astec Industries’ Q1 2027 earnings at $0.72 EPS, Q2 2027 earnings at $1.33 EPS, Q3 2027 earnings at $0.56 EPS and Q4 2027 earnings at $1.23 EPS.

Astec Industries (NASDAQ:ASTE – Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.10). The company had revenue of $408.10 million during the quarter, compared to the consensus estimate of $405.50 million. Astec Industries had a net margin of 1.26% and a return on equity of 10.26%. During the same period last year, the firm posted $0.72 EPS.

ASTE has been the subject of several other research reports. Wall Street Zen downgraded Astec Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Zacks Research cut shares of Astec Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Astec Industries in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Read Our Latest Analysis on ASTE

Astec Industries Price Performance

ASTE opened at $43.04 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.52 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $54.16 and its 200 day simple moving average is $54.76. The firm has a market cap of $990.78 million, a price-to-earnings ratio of 50.64, a PEG ratio of 1.20 and a beta of 1.36. Astec Industries has a 1 year low of $40.47 and a 1 year high of $65.69.

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 10th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.52 dividend on an annualized basis and a yield of 1.2%. Astec Industries’s dividend payout ratio is presently 61.18%.

Institutional Trading of Astec Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. iSAM Funds UK Ltd purchased a new position in Astec Industries during the 3rd quarter valued at $50,000. Farther Finance Advisors LLC boosted its stake in shares of Astec Industries by 8,994.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,546 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 1,529 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Astec Industries by 412.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 1,780 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Astec Industries during the fourth quarter valued at about $127,000. Finally, LSV Asset Management bought a new position in Astec Industries in the fourth quarter worth about $182,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Astec Industries Company Profile

(Get Free Report)

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.

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