Brokerages Expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) Will Post Earnings of $1.11 Per Share

Brokerages expect Advanced Energy Industries, Inc. (NASDAQ:AEISGet Rating) to report $1.11 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Advanced Energy Industries’ earnings. The lowest EPS estimate is $1.05 and the highest is $1.21. Advanced Energy Industries posted earnings of $1.25 per share during the same quarter last year, which indicates a negative year over year growth rate of 11.2%. The firm is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Advanced Energy Industries will report full-year earnings of $5.22 per share for the current fiscal year, with EPS estimates ranging from $5.08 to $5.58. For the next year, analysts anticipate that the company will report earnings of $6.52 per share, with EPS estimates ranging from $6.11 to $7.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Advanced Energy Industries.

Advanced Energy Industries (NASDAQ:AEISGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The electronics maker reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.31. The company had revenue of $397.46 million for the quarter, compared to analysts’ expectations of $360.57 million. Advanced Energy Industries had a net margin of 8.85% and a return on equity of 19.47%. Advanced Energy Industries’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 EPS.

A number of brokerages have recently issued reports on AEIS. StockNews.com raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. Citigroup reduced their price objective on Advanced Energy Industries from $100.00 to $95.00 in a research report on Thursday, February 10th. Needham & Company LLC cut their target price on Advanced Energy Industries from $120.00 to $100.00 in a research report on Thursday, May 5th. Finally, KeyCorp started coverage on Advanced Energy Industries in a research report on Tuesday, January 25th. They set an “overweight” rating and a $105.00 price objective for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $104.18.

AEIS stock traded down $2.06 on Friday, hitting $78.82. 7,604 shares of the company were exchanged, compared to its average volume of 195,242. Advanced Energy Industries has a twelve month low of $72.22 and a twelve month high of $114.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.23 and a quick ratio of 2.24. The business’s fifty day moving average is $81.27 and its two-hundred day moving average is $85.78. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 23.17 and a beta of 1.61.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Monday, May 23rd will be given a $0.10 dividend. The ex-dividend date is Friday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. Advanced Energy Industries’s payout ratio is 11.46%.

In other Advanced Energy Industries news, Director Lanesha Minnix sold 725 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $75.81, for a total transaction of $54,962.25. Following the sale, the director now owns 4,896 shares of the company’s stock, valued at $371,165.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in Advanced Energy Industries by 7.2% during the third quarter. American Century Companies Inc. now owns 319,817 shares of the electronics maker’s stock valued at $28,064,000 after acquiring an additional 21,394 shares during the last quarter. Principal Financial Group Inc. boosted its position in Advanced Energy Industries by 0.5% in the third quarter. Principal Financial Group Inc. now owns 562,503 shares of the electronics maker’s stock worth $49,360,000 after purchasing an additional 2,571 shares during the last quarter. Keybank National Association OH lifted its position in shares of Advanced Energy Industries by 57.2% during the 4th quarter. Keybank National Association OH now owns 8,400 shares of the electronics maker’s stock valued at $765,000 after buying an additional 3,055 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Advanced Energy Industries during the 4th quarter valued at $3,882,000. Finally, Natixis Advisors L.P. raised its stake in shares of Advanced Energy Industries by 49.8% during the 4th quarter. Natixis Advisors L.P. now owns 64,432 shares of the electronics maker’s stock valued at $5,867,000 after purchasing an additional 21,416 shares during the period. 97.42% of the stock is currently owned by institutional investors.

About Advanced Energy Industries (Get Rating)

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.

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Earnings History and Estimates for Advanced Energy Industries (NASDAQ:AEIS)

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