Astec Industries, Inc. (NASDAQ:ASTE) is set to announce third quarter earning results on Wednesday 4th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ASTE to report 3Q20 income of $ 0.11 per share.
For the full year, analysts anticipate top line of $ 1052.47 million, while looking forward to income of $ 1.58 per share bottom line.
Previous Quarter Performance
Astec Industries, Inc. reported income for the second quarter of $ 0.67 per share, from the revenue of $ 265.30 million. The quarterly earnings raised 86.11 percent compared with the same quarter last year. According to street consensus, ASTE was expected to report 2Q20 income of $ 0.05 per share from revenue of $ 228.97 million. The top line results outshined analysts by $ 36.33 million or 15.87 percent.
Stock Performance
Shares of Astec Industries, Inc. traded up $ 1.46 or 2.73 percent on Tuesday, reaching $ 54.87 with volume of 201.40 thousand shares. Astec Industries, Inc. has traded high as $ 55.48 and has cracked $ 54.19 on the downward trend
According to the previous trading day, closing price of $ 54.87, representing a 112.20 % increase from the 52 week low of $ 25.17 and a 16.21 % decrease over the 52 week high of $ 63.74.
The company has a market capital of $ 1.24 billion and is part of the Industrials sector and Farm & Construction Equipment industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.11 per share on July 30, 2020. The dividend were payable on August 27, 2020 to holders of record as of the close of business on August 13, 2020 and ex-dividend date on August 12, 2020.
Conference Call
Astec Industries, Inc. will be hosting a conference call at 7:00 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.astecindustries.com
Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. The companys Infrastructure Group segment provides hot-mix asphalt plants, wood pellet plants, asphalt pavers, material transfer vehicles, soil stabilizing reclaiming machinery, milling machines, paver screeds, and related ancillary equipment.
