Advanced Energy Industries (AEIS) to Release Earnings on Wednesday

Advanced Energy Industries (NASDAQ:AEIS) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce 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.Investors that wish to register for the company’s conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating the consensus estimate of $0.71 by $0.14. The company had revenue of $364.95 million during 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 quarter in the previous year, the company posted $0.95 EPS. 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 Stock Performance

Shares of Advanced Energy Industries stock opened at $106.71 on Wednesday. The firm has a fifty day moving average of $103.85 and a two-hundred day moving average of $104.30. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 5.41 and a beta of 1.49. Advanced Energy Industries has a 52 week low of $81.86 and a 52 week high of $119.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47.

Advanced Energy Industries Dividend Announcement

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

Analysts Set New Price Targets

AEIS has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. TD Cowen upped their price objective on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Robert W. Baird initiated coverage on shares of Advanced Energy Industries in a research report on Friday, September 20th. They issued an “outperform” rating and a $128.00 price objective for the company. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.11.

About Advanced Energy Industries

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.