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ASTE — Astec Industries News Story

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Astec Industries Inc reports results for the quarter ended June 30 - Earnings Summary

Astec Industries Inc ASTE.OQ reported quarterly adjusted earnings of 88 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 61 cents.  The mean expectation of two analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 51 cents to 60 cents per share.

Revenue fell 4.4% to $330.30 million from a year ago; analysts expected $354.20 million.

Astec Industries Inc's reported EPS for the quarter was 72 cents​.

The company reported quarterly net income of $16.7 million.

Astec Industries Inc shares had fallen by 3.1% this quarter and gained 20.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 7.5% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

Wall Street's median 12-month price target for Astec Industries Inc is $43.00, about 6.1% above its last closing price of $40.39

This summary was machine generated from LSEG data August 6 at 12:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.560.88Beat
Mar. 31 20250.460.88Beat
Dec. 31 20240.731.19Beat
Sep. 30 20240.310.31Met

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