Astec Industries (NASDAQ:ASTE) Releases Quarterly Earnings Results, Misses Expectations By $0.48 EPS

Astec Industries (NASDAQ:ASTE) posted its quarterly earnings data on Thursday. The industrial products company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.48), FiscalAI reports. The firm had revenue of $352.40 million for the quarter, compared to analysts’ expectations of $375.47 million. Astec Industries had a net margin of 1.26% and a return on equity of 10.26%. During the same quarter last year, the company posted ($0.18) EPS.

Here are the key takeaways from Astec Industries’ conference call:

• Third-quarter profitability weakened: Adjusted EBITDA fell 30.3% to $18.9 million, the margin declined to 5.4%, and adjusted EPS was a loss of $0.01, despite sales rising 0.7% to $352.4 million.
• Astec cut its 2026 Adjusted EBITDA guidance to $140 million–$150 million from $160 million–$175 million. Management attributed the reduction to roughly $7 million–$8 million of inflation outpacing pricing in Q3 and $5 million–$10 million of asphalt shipments shifting into 2027.
• Backlog rose 49.2% year over year to $670.5 million, supported by a rebound in Infrastructure Solutions orders; management said there have been no cancellations and expects Q4 Adjusted EBITDA of $48 million–$58 million, versus $44.8 million a year earlier.
• Management expects pricing actions to bring inflation and pricing back toward parity by the end of Q1 2027. It also pointed to continued infrastructure funding and data-center and industrial construction as sources of demand, while noting that higher diesel costs and interest rates remain headwinds for some customers.

Astec Industries Stock Performance

Shares of NASDAQ:ASTE traded up $0.20 during midday trading on Friday, hitting $35.56. The company had a trading volume of 32,288 shares, compared to its average volume of 223,363. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.52 and a quick ratio of 1.10. The company has a market cap of $818.68 million, a price-to-earnings ratio of 41.77, a PEG ratio of 1.07 and a beta of 1.37. Astec Industries has a 12-month low of $35.05 and a 12-month high of $65.69. The company has a fifty day moving average of $40.53 and a two-hundred day moving average of $50.44.

Astec Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 16th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, November 16th. Astec Industries’s dividend payout ratio is 61.18%.

Key Astec Industries News

Here are the key news stories impacting Astec Industries this week:

• Positive Sentiment: Backlog growth offers a brighter spot. Astec’s Q3 coverage highlighted a surge in backlog, which could support future demand and revenue visibility. Astec Industries Q3 2026: A Guidance Cut and a Backlog Surge
• Neutral Sentiment: Board and committee changes announced. The company disclosed governance changes, but the available report does not specify details or a clear near-term financial impact. Astec Industries, Inc. Announces Board and Committee Changes
• Negative Sentiment: Q3 results fell short of expectations. Astec reported a loss of $0.01 per share, versus analyst expectations for earnings of about $0.47, and revenue of $352.4 million versus the $375.5 million consensus. The earnings and revenue misses suggest weaker-than-expected quarterly performance. Astec Reports Third Quarter 2026 Results
• Negative Sentiment: Fiscal 2026 EBITDA outlook was cut. Lower forward guidance adds concern about the company’s expected profitability and may overshadow the backlog improvement. Astec Q3 Loss Widens; Cuts FY26 EBITDA Outlook

Analysts Set New Price Targets

Several research analysts have issued reports on ASTE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Astec Industries in a research report on Monday. Zacks Research raised shares of Astec Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Astec Industries Company Profile

Astec Industries, Inc (NASDAQ: ASTE) designs, engineers and manufactures equipment used in the construction of roads, bridges and other infrastructure. The company serves businesses involved in the production and processing of aggregates, asphalt, concrete and other construction materials.

Its product portfolio includes asphalt plants and related equipment, concrete production systems, aggregate crushing, screening and material-handling equipment, wood-processing equipment, and machinery used in road construction and rehabilitation.