Astec Industries FY2026 Earnings Forecast Reduced by Sidoti

Key Points

• Sidoti cut its FY2026 EPS forecast for Astec Industries to $2.58 from $3.35; it also estimated Q4 2026 EPS at $1.11.
• Astec reported quarterly EPS of a loss of $0.01, missing the $0.47 consensus, while revenue of $352.4 million fell short of analysts’ $375.5 million expectation.
• Freedom Broker lowered its price target to $52 from $60 but kept a Buy rating. Astec also declared a quarterly dividend of $0.13 per share, equivalent to a 1.4% annualized yield.

Astec Industries, Inc. (NASDAQ:ASTE - Free Report) - Equities researchers at Sidoti reduced their FY2026 earnings per share estimates for shares of Astec Industries in a note issued to investors on Monday, November 9th. Sidoti analyst S. Ferazani now expects that the industrial products company will post earnings per share of $2.58 for the year, down from their previous forecast of $3.35. The consensus estimate for Astec Industries' current full-year earnings is $3.35 per share. Sidoti also issued estimates for Astec Industries' Q4 2026 earnings at $1.11 EPS.

ASTE has been the topic of several other reports. Freedom Broker decreased their target price on shares of Astec Industries from $60.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday. Weiss Ratings reissued a "hold (c)" rating on shares of Astec Industries in a research report on Monday, November 2nd. Finally, Zacks Research lowered Astec Industries from a "hold" rating to a "strong sell" rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Astec Industries Stock Performance

NASDAQ:ASTE opened at $36.95 on Wednesday. The firm has a market cap of $851.33 million, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.02 and a beta of 1.37. Astec Industries has a fifty-two week low of $35.05 and a fifty-two week high of $65.69. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.97 and a current ratio of 2.31. The business has a 50 day moving average price of $40.13 and a 200-day moving average price of $50.25.

Astec Industries (NASDAQ:ASTE - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The industrial products company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). Astec Industries had a return on equity of 8.60% and a net margin of 0.74%. The company had revenue of $352.40 million during the quarter, compared to analysts' expectations of $375.47 million. During the same period last year, the firm earned ($0.18) earnings per share.

Astec Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, November 16th. This represents a $0.52 dividend on an annualized basis and a yield of 1.4%. Astec Industries's payout ratio is presently 104.00%.

Institutional Investors Weigh In On Astec Industries

A number of institutional investors have recently modified their holdings of ASTE. BlackRock Inc. purchased a new position in shares of Astec Industries in the 2nd quarter worth about $212,732,000. Dimensional Fund Advisors LP boosted its stake in Astec Industries by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,433,501 shares of the industrial products company's stock worth $77,176,000 after purchasing an additional 22,154 shares in the last quarter. Heartland Advisors Inc. purchased a new stake in Astec Industries during the 2nd quarter valued at about $14,783,000. Bank of New York Mellon Corp purchased a new stake in Astec Industries during the 2nd quarter valued at about $13,538,000. Finally, Assenagon Asset Management S.A. grew its position in Astec Industries by 105.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 301,598 shares of the industrial products company's stock valued at $12,136,000 after purchasing an additional 154,802 shares during the last quarter. 93.16% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Astec Industries

Here are the key news stories impacting Astec Industries this week:

• Positive Sentiment: Sidoti forecasts EPS of $4.27 for FY2028, above its FY2027 estimate of $3.56, suggesting expected longer-term earnings growth. Astec Industries analyst estimates
• Neutral Sentiment: Freedom Broker cut its price target to $52 from $60 but maintained a Buy rating; the new target was reported as 40.7% above the referenced $36.95 share price. Freedom Broker ratings
• Neutral Sentiment: A report listed short interest at zero shares, so it showed no measurable short-position overhang; the article’s description of a “significant increase” conflicts with that figure.
• Negative Sentiment: Sidoti cut its FY2026 EPS forecast to $2.58 from $3.35 and its FY2027 estimate to $3.56 from $3.84. It also reduced estimates for Q4 2026 and several 2027 quarters, including Q2 2027 to $1.12 from $1.33. The broad downward revisions are the clearest near-term headwind for ASTE. Astec Industries analyst estimates

Astec Industries Company Profile

Astec Industries is a manufacturer of equipment and services for the infrastructure, road construction and aggregate industries. Its products support the production and handling of asphalt, concrete and crushed stone, as well as the construction and maintenance of roads. The company's offerings include asphalt production plants, roadbuilding equipment, crushers, screens, material washing systems and concrete batch plants. Astec also provides parts, service and other support for its equipment. Founded in 1972 and headquartered in Chattanooga, Tennessee, Astec serves customers in the United States and international markets.

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