Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.65-1.15 for the period, compared to the consensus earnings per share estimate of $0.90. The company issued revenue guidance of $350-390 million, compared to the consensus revenue estimate of $373.04 million.
Analysts Set New Price Targets
AEIS has been the topic of several analyst reports. Susquehanna lowered their target price on Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating on the stock in a research report on Thursday, May 2nd. Benchmark restated a buy rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Citigroup downgraded Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 target price on the stock. in a research note on Monday, July 15th. StockNews.com cut Advanced Energy Industries from a hold rating to a sell rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC reissued a hold rating on shares of Advanced Energy Industries in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $105.33.
View Our Latest Stock Report on AEIS
Advanced Energy Industries Price Performance
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The company had revenue of $327.50 million during the quarter, compared to analyst estimates of $351.74 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was down 22.9% on a year-over-year basis. Equities analysts expect that Advanced Energy Industries will post 2.33 EPS for the current fiscal year.
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.
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