Brokerages expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to report $1.14 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Advanced Energy Industries’ earnings, with the highest EPS estimate coming in at $1.17 and the lowest estimate coming in at $1.09. Advanced Energy Industries posted earnings per share of $0.54 in the same quarter last year, which indicates a positive year-over-year growth rate of 111.1%. The company is expected to issue its next earnings report on Tuesday, November 10th.
On average, analysts expect that Advanced Energy Industries will report full year earnings of $4.02 per share for the current fiscal year, with EPS estimates ranging from $2.96 to $4.45. For the next fiscal year, analysts forecast that the business will post earnings of $4.66 per share, with EPS estimates ranging from $3.60 to $5.50. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, August 5th. The electronics maker reported $1.18 EPS for the quarter, topping the consensus estimate of $0.82 by $0.36. The firm had revenue of $339.88 million for the quarter, compared to analyst estimates of $318.20 million. Advanced Energy Industries had a net margin of 5.57% and a return on equity of 18.63%. The business’s revenue for the quarter was up 152.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS.
AEIS has been the topic of a number of recent research reports. Needham & Company LLC initiated coverage on Advanced Energy Industries in a report on Wednesday, August 5th. They issued a “buy” rating and a $90.00 target price on the stock. Citigroup raised their target price on Advanced Energy Industries from $63.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. ValuEngine lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Wednesday, September 9th. DA Davidson upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $65.00 to $90.00 in a report on Thursday, August 6th. Finally, TheStreet raised Advanced Energy Industries from a “c+” rating to a “b-” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $82.14.
AEIS stock opened at $60.07 on Thursday. Advanced Energy Industries has a twelve month low of $33.38 and a twelve month high of $82.26. The company has a quick ratio of 1.95, a current ratio of 2.71 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average is $72.92 and its 200-day moving average is $62.67. The firm has a market capitalization of $2.30 billion, a PE ratio of 35.13 and a beta of 1.52.
In other Advanced Energy Industries news, EVP Thomas O. Mcgimpsey sold 3,354 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $80.00, for a total value of $268,320.00. Following the completion of the sale, the executive vice president now directly owns 40,899 shares of the company’s stock, valued at $3,271,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Yuval Wasserman sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $76.13, for a total value of $380,650.00. Following the completion of the sale, the chief executive officer now directly owns 167,977 shares of the company’s stock, valued at $12,788,089.01. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AEIS. Copper Rock Capital Partners LLC grew its position in shares of Advanced Energy Industries by 3,957.2% in the second quarter. Copper Rock Capital Partners LLC now owns 10,522,029 shares of the electronics maker’s stock valued at $619,693,000 after purchasing an additional 10,262,686 shares in the last quarter. Hardman Johnston Global Advisors LLC grew its position in shares of Advanced Energy Industries by 101.6% in the second quarter. Hardman Johnston Global Advisors LLC now owns 688,110 shares of the electronics maker’s stock valued at $46,647,000 after purchasing an additional 346,870 shares in the last quarter. Redwood Investments LLC grew its position in shares of Advanced Energy Industries by 57.6% in the second quarter. Redwood Investments LLC now owns 369,140 shares of the electronics maker’s stock valued at $25,024,000 after purchasing an additional 134,921 shares in the last quarter. Deutsche Bank AG boosted its stake in Advanced Energy Industries by 85.3% during the first quarter. Deutsche Bank AG now owns 279,338 shares of the electronics maker’s stock valued at $13,545,000 after buying an additional 128,617 shares during the period. Finally, Bamco Inc. NY boosted its stake in Advanced Energy Industries by 115.0% during the second quarter. Bamco Inc. NY now owns 193,500 shares of the electronics maker’s stock valued at $13,117,000 after buying an additional 103,500 shares during the period.
About Advanced Energy Industries
Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
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