Analysts expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to post $350.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Advanced Energy Industries’ earnings, with the highest sales estimate coming in at $350.30 million and the lowest estimate coming in at $350.00 million. Advanced Energy Industries reported sales of $315.46 million in the same quarter last year, which would suggest a positive year over year growth rate of 11%. The company is expected to issue its next earnings results before the market opens on Wednesday, May 5th.
On average, analysts expect that Advanced Energy Industries will report full-year sales of $1.50 billion for the current year, with estimates ranging from $1.50 billion to $1.51 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.62 billion, with estimates ranging from $1.61 billion to $1.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Tuesday, February 9th. The electronics maker reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.14. Advanced Energy Industries had a net margin of 7.45% and a return on equity of 23.64%. The firm had revenue of $370.97 million during the quarter, compared to the consensus estimate of $364.66 million. During the same period last year, the firm posted $0.87 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis.
A number of equities research analysts have recently commented on AEIS shares. Citigroup lowered their price target on shares of Advanced Energy Industries from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, February 11th. Needham & Company LLC lifted their price target on shares of Advanced Energy Industries from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Raymond James lifted their price target on shares of Advanced Energy Industries from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, April 14th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $112.75.
NASDAQ:AEIS traded down $2.27 during mid-day trading on Friday, hitting $112.87. 302,853 shares of the company’s stock traded hands, compared to its average volume of 291,045. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.14 and a current ratio of 2.91. The firm’s 50 day simple moving average is $109.73 and its 200 day simple moving average is $99.19. Advanced Energy Industries has a 1 year low of $47.70 and a 1 year high of $125.55. The company has a market cap of $4.33 billion, a PE ratio of 42.64 and a beta of 1.81.
The business also recently announced a quarterly dividend, which was paid on Friday, March 5th. Investors of record on Monday, February 22nd were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Advanced Energy Industries’s dividend payout ratio is presently 17.39%.
A number of hedge funds have recently made changes to their positions in AEIS. Great West Life Assurance Co. Can lifted its position in Advanced Energy Industries by 8.7% during the third quarter. Great West Life Assurance Co. Can now owns 50,934 shares of the electronics maker’s stock valued at $530,000 after buying an additional 4,065 shares in the last quarter. Morgan Stanley lifted its position in Advanced Energy Industries by 20.2% during the third quarter. Morgan Stanley now owns 139,092 shares of the electronics maker’s stock valued at $8,754,000 after buying an additional 23,337 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Advanced Energy Industries during the third quarter valued at approximately $28,000. Jane Street Group LLC lifted its position in Advanced Energy Industries by 69.0% during the third quarter. Jane Street Group LLC now owns 11,344 shares of the electronics maker’s stock valued at $714,000 after buying an additional 4,630 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Advanced Energy Industries by 0.4% during the third quarter. California State Teachers Retirement System now owns 57,503 shares of the electronics maker’s stock valued at $3,619,000 after buying an additional 230 shares in the last quarter. 95.48% of the stock is currently owned by hedge funds and other institutional investors.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. 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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