Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) is projected to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Advanced Energy Industries to post earnings of $1.09 per share and revenue of $394.21 million for the quarter. Advanced Energy Industries has set its Q4 guidance at $0.83-$1.33 EPS and its Q4 2024 guidance at 0.830-1.330 EPS.Parties that are interested in registering for the company's conference call can do so using this link.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Advanced Energy Industries's quarterly revenue was down 8.7% on a year-over-year basis. On average, analysts expect Advanced Energy Industries to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Advanced Energy Industries Stock Up 0.7 %
Shares of NASDAQ AEIS traded up $0.76 on Tuesday, reaching $114.02. 243,388 shares of the company's stock traded hands, compared to its average volume of 262,535. The business's 50 day simple moving average is $117.73 and its two-hundred day simple moving average is $110.38. Advanced Energy Industries has a 12 month low of $89.11 and a 12 month high of $130.50. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 100.02, a price-to-earnings-growth ratio of 4.01 and a beta of 1.46. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Robert W. Baird boosted their target price on Advanced Energy Industries from $124.00 to $134.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Bank of America raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target for the company in a research report on Monday, December 16th. Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Benchmark reiterated a "buy" rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $145.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries has an average rating of "Moderate Buy" and an average target price of $126.89.
View Our Latest Stock Analysis on Advanced Energy Industries
Insider Buying and Selling at Advanced Energy Industries
In related news, Director Lanesha Minnix sold 1,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now directly owns 5,092 shares of the company's stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.
About Advanced Energy Industries
(
Get Free Report)
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.
Further Reading
Before you consider Advanced Energy Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advanced Energy Industries wasn't on the list.
While Advanced Energy Industries currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
