For its third fiscal quarter (ending September 30), Astec Industries Inc. (NASDAQ: ASTE) has reported a -7% decline in E.P.S. from $-0.29 a year ago to $-0.27 in the current quarter. For the latest four quarters through September 30, E.P.S. were $-0.09 compared to $0.78 a year ago — a decline of -112%.
Recent Price Action
On 11/6/24, Astec Industries Inc. (NASDAQ: ASTE) stock enjoyed a major increase of 14.4%, closing at $38.06. Moreover, trading volume in this advance was exceptionally high at 231% of normal. Relative to the market the stock has been weak over the last nine months but has risen 20.6% 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 D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Astec Industries has a slightly positive Appreciation Score of 61 but a poor Power Rating of 26, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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