Advanced Energy Industries (AEIS) Set to Announce Earnings on Wednesday

Advanced Energy Industries (NASDAQ:AEIS) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Advanced Energy Industries to post earnings of $0.92 per share for the quarter. Advanced Energy Industries has set its Q3 guidance at $0.65-1.15 EPS and its Q3 2024 guidance at 0.650-1.150 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. The business had revenue of $364.95 million for the quarter, compared to analysts’ expectations of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. On average, analysts expect Advanced Energy Industries to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Advanced Energy Industries Price Performance

AEIS opened at $107.13 on Monday. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $104.00 and a 200 day simple moving average of $104.53. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 5.41 and a beta of 1.49. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $119.75.

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

Analysts Set New Price Targets

Several research firms have recently commented on AEIS. StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Benchmark reiterated a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Wells Fargo & Company dropped their target price on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus initiated coverage on shares of Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target on the stock. Finally, Robert W. Baird began coverage on Advanced Energy Industries in a research note on Friday, September 20th. They issued an “outperform” rating and a $128.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $113.11.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.