For its first fiscal quarter (ending March 31), Astec Industries Inc. (NASDAQ: ASTE) has reported a -72% decline in E.P.S. from $0.53 a year ago to $0.15 in the current quarter. This result fell short of the consensus estimate of $0.86 by $-0.71. For the latest four quarters through March 31, E.P.S. were $1.09 versus $0.35 for the same period a year ago — an increase of 211%.
Recent Price Action
On 5/1/24, Astec Industries Inc. (NASDAQ: ASTE) stock suffered a major decline of -19.2%, closing at $33.77. Moreover, exceptionally high trading volume at 442% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -21.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ASTE is expected to be a Value Builder.
Astec Industries has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Astec Industries has a neutral Appreciation Score of 48 and a neutral Power Rating of 43, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and highly negative price change we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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