Sidoti Reduces Earnings Estimates for Astec Industries

Key Points

• Sidoti trimmed its FY2026 EPS estimate for Astec Industries to $3.63 from $3.78, matching the current consensus forecast. The firm also laid out FY2027 expectations of $3.98 per share.
• Astec missed on earnings but beat on revenue in its latest quarterly report, posting EPS of $0.54 versus the $0.88 estimate while revenue came in at $396.3 million, slightly above expectations.
• Analyst sentiment remains mixed but constructive, with the stock carrying a consensus “Buy” rating overall despite several recent downgrades and upgrades from other research firms.

Astec Industries, Inc. (NASDAQ:ASTE - Free Report) - Sidoti reduced their FY2026 EPS estimates for shares of Astec Industries in a note issued to investors on Thursday, May 7th. Sidoti analyst S. Ferazani now expects that the industrial products company will earn $3.63 per share for the year, down from their prior estimate of $3.78. The consensus estimate for Astec Industries' current full-year earnings is $3.63 per share. Sidoti also issued estimates for Astec Industries' Q1 2027 earnings at $0.78 EPS, Q3 2027 earnings at $0.77 EPS, Q4 2027 earnings at $1.28 EPS and FY2027 earnings at $3.98 EPS.

Several other research analysts have also recently weighed in on the stock. Longbow Research raised shares of Astec Industries to a "strong-buy" rating in a report on Monday, March 16th. Weiss Ratings cut shares of Astec Industries from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday. Wall Street Zen cut shares of Astec Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 2nd. Zacks Research cut shares of Astec Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Finally, Freedom Capital raised shares of Astec Industries to a "strong-buy" rating in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Astec Industries has a consensus rating of "Buy".

Astec Industries Price Performance

Shares of ASTE stock opened at $53.34 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.00 and a current ratio of 2.34. The firm's 50-day moving average is $57.35 and its 200-day moving average is $51.31. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 47.63, a PEG ratio of 2.10 and a beta of 1.47. Astec Industries has a 52-week low of $36.43 and a 52-week high of $65.69.

Astec Industries (NASDAQ:ASTE - Get Free Report) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.34). The firm had revenue of $396.30 million during the quarter, compared to the consensus estimate of $393.24 million. Astec Industries had a net margin of 1.75% and a return on equity of 10.09%.

Astec Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 13th. Astec Industries's dividend payout ratio is 46.43%.

Insider Activity

In other news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $61.07, for a total transaction of $59,543.25. Following the sale, the insider directly owned 8,828 shares of the company's stock, valued at approximately $539,125.96. This represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.99% of the company's stock.

Institutional Trading of Astec Industries

Several large investors have recently modified their holdings of ASTE. iSAM Funds UK Ltd acquired a new stake in shares of Astec Industries during the 3rd quarter worth $50,000. Farther Finance Advisors LLC boosted its position 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 worth $67,000 after acquiring an additional 1,529 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 worth $92,000 after acquiring an additional 1,780 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Astec Industries during the 4th quarter worth approximately $127,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Astec Industries during the 3rd quarter worth approximately $136,000. 93.16% of the stock is owned by institutional investors and hedge funds.

Astec Industries Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.