Media headlines about Astec Industries (NASDAQ:ASTE) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of 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 0.18 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.2900469013352 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
Astec Industries (ASTE) traded up $2.68 during mid-day trading on Friday, hitting $64.29. 204,455 shares of the stock traded hands, compared to its average volume of 221,383. Astec Industries has a fifty-two week low of $45.70 and a fifty-two week high of $73.37. The stock has a market cap of $1,480.00, a P/E ratio of 38.04, a P/E/G ratio of 1.98 and a beta of 1.05.
Astec Industries (NASDAQ:ASTE) last posted its earnings results on Tuesday, October 24th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The firm 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 revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. analysts predict that Astec Industries will post 1.61 earnings per share for the current year.
Several equities research analysts have recently commented on ASTE shares. Robert W. Baird upgraded shares of Astec Industries from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $56.00 to $65.00 in a report on Tuesday, October 3rd. BidaskClub downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. William Blair raised shares of Astec Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 2nd. TheStreet raised shares of Astec Industries from a “c+” rating to a “b-” rating in a research report on Friday, January 5th. Finally, Zacks Investment Research raised shares of Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Astec Industries has an average rating of “Buy” and an average target price of $73.33.
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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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