Advanced Energy Industries, Inc. (AEIS) Expected to Post Earnings of $0.35 Per Share

Brokerages expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to announce earnings per share (EPS) of $0.35 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Advanced Energy Industries’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.38. Advanced Energy Industries posted earnings of $1.25 per share in the same quarter last year, which suggests a negative year over year growth rate of 72%. The business is expected to issue its next quarterly earnings report on Monday, July 29th.

According to Zacks, analysts expect that Advanced Energy Industries will report full-year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.75 to $2.07. For the next fiscal year, analysts forecast that the firm will post earnings of $3.57 per share, with EPS estimates ranging from $2.55 to $4.18. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Advanced Energy Industries.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, May 6th. The electronics maker reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.12. The company had revenue of $140.74 million during the quarter, compared to analysts’ expectations of $143.63 million. Advanced Energy Industries had a return on equity of 22.16% and a net margin of 17.46%. The firm’s quarterly revenue was down 28.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share.

Several research firms recently issued reports on AEIS. Zacks Investment Research lowered Advanced Energy Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, May 13th. Cowen reissued an “outperform” rating and set a $60.00 price objective (up previously from $58.00) on shares of Advanced Energy Industries in a research note on Thursday, May 16th. BidaskClub raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. TheStreet raised Advanced Energy Industries from a “c+” rating to a “b” rating in a research note on Wednesday, April 3rd. Finally, Susquehanna Bancshares raised Advanced Energy Industries from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $45.00 to $82.00 in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $71.20.

Large investors have recently bought and sold shares of the stock. Premia Global Advisors LLC bought a new stake in Advanced Energy Industries during the first quarter worth about $37,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Advanced Energy Industries by 23.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 979 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 186 shares during the last quarter. Pearl River Capital LLC lifted its stake in Advanced Energy Industries by 214.4% during the first quarter. Pearl River Capital LLC now owns 1,572 shares of the electronics maker’s stock worth $78,000 after purchasing an additional 1,072 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Advanced Energy Industries by 471.0% during the first quarter. Quadrant Capital Group LLC now owns 1,890 shares of the electronics maker’s stock worth $89,000 after purchasing an additional 1,559 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Advanced Energy Industries by 15.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,909 shares of the electronics maker’s stock worth $125,000 after purchasing an additional 393 shares during the last quarter. 94.74% of the stock is owned by institutional investors.

NASDAQ:AEIS opened at $50.38 on Monday. The firm has a market cap of $1.93 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 3.03 and a beta of 1.45. Advanced Energy Industries has a 52-week low of $38.74 and a 52-week high of $69.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.12 and a quick ratio of 4.23.

Advanced Energy Industries Company Profile

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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