Advanced Energy Industries (AEIS) to Release Quarterly 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 interested in listening to the company’s conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The business had revenue of $364.95 million during the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. Advanced Energy Industries’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business 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 Stock Performance

NASDAQ AEIS opened at $106.71 on Wednesday. The company 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 twelve month low of $81.86 and a twelve month high of $119.75. The stock has a fifty day simple moving average of $103.85 and a 200 day simple moving average of $104.30. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries’s payout ratio is 14.71%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEIS. Wells Fargo & Company decreased their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Susquehanna cut their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.