Astec Industries Inc. (NASDAQ: ASTE) has reported E.P.S. of $-0.61 for its second fiscal quarter (ending June 30) versus $0.58 for the same period a year ago — a decline of -205%. Relative to the consensus estimate of $0.69, this was a shortfall of $-1.30. E.P.S. were $-0.11 for the latest four quarters through June 30 versus $1.10 for the same period a year ago — a decline of -110%.
Recent Price Action
On 8/7/24, Astec Industries Inc. (NASDAQ: ASTE) stock declined slightly by -0.3%, closing at $31.23. Moreover, above average trading volume at 126% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -10.7% 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 (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Astec Industries has a slightly positive Appreciation Score of 60 and a neutral Power Rating of 42, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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