Astec Industries (ASTE) Releases Earnings Results, Beats Expectations By $0.06 EPS

Astec Industries (ASTE) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.71. The company posted revenue of $278.72 million in the period, compared to analysts expectations of $305.49 million. The company’s revenue was down -3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Astec Industries opened for trading at $46.89 and hit $47.35 on the upside on Friday, eventually ending the session at $47.1, with a gain of 0.79% or 0.37 points. The heightened volatility saw the trading volume jump to 90,219 shares. Company has a market cap of $1,083 M.

In a different news, on Mar 4, 2016, Stephen C Anderson (VP-Administration & Corp Sec) sold 1,076 shares at $43.09 per share price. According to the SEC, on Apr 28, 2015, Benjamin G Brock (Chief Executive Officer) sold 17,200 shares at $43.60 per share price. On Apr 24, 2015, Robin A Leffew (Corporate Controller) sold 404 shares at $42.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Astec Industries Inc. designs engineers manufactures and markets equipment and components used primarily in road building and related construction activities. The Company’s products are used in road building from quarrying and crushing the aggregate to application of the road surface. The Company manufactures certain equipment and components unrelated to road construction including equipment for the mining quarrying construction and demolition industries and port and rail yard operators; gas and oil drilling rigs; water well and geothermal drilling rigs; industrial heat transfer equipment; whole-tree pulpwood chippers; horizontal grinders and blower trucks. It also manufactures multiple use plants for cement treated base roller compacted concrete and ready-mix concrete. The Company’s business segments are Infrastructure Group Aggregate and Mining Group and Energy Group.

Astec Industries

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