Zacks Research Issues Pessimistic Outlook for AEIS Earnings

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) - Stock analysts at Zacks Research dropped their Q3 2024 EPS estimates for Advanced Energy Industries in a research report issued on Wednesday, October 30th. Zacks Research analyst R. Department now forecasts that the electronics maker will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.67. The consensus estimate for Advanced Energy Industries' current full-year earnings is $2.47 per share. Zacks Research also issued estimates for Advanced Energy Industries' FY2024 earnings at $2.38 EPS, FY2025 earnings at $3.57 EPS and Q3 2026 earnings at $0.88 EPS.

Other research analysts have also issued reports about the company. TD Cowen decreased their target price on Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating on the stock in a report on Thursday. StockNews.com lowered shares of Advanced Energy Industries from a "hold" rating to a "sell" rating in a research report on Friday, September 20th. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They set a "buy" rating and a $135.00 target price for the company. Wells Fargo & Company lowered their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an "equal weight" rating on the stock in a report on Thursday, October 3rd. Finally, Citigroup cut Advanced Energy Industries from a "buy" rating to a "neutral" rating and set a $113.00 price objective for the company. in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $112.89.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS traded up $0.76 on Thursday, hitting $108.53. The company's stock had a trading volume of 529,692 shares, compared to its average volume of 211,391. Advanced Energy Industries has a one year low of $81.86 and a one year high of $119.75. The firm has a market capitalization of $4.09 billion, a P/E ratio of 45.22, a price-to-earnings-growth ratio of 5.41 and a beta of 1.49. The stock has a fifty day moving average of $104.07 and a two-hundred day moving average of $104.74. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The company had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. During the same period in the previous year, the business earned $0.95 EPS. Advanced Energy Industries's revenue for the quarter was down 12.2% compared to the same quarter last year.

Institutional Trading of Advanced Energy Industries

A number of institutional investors have recently modified their holdings of AEIS. Principal Financial Group Inc. raised its stake in Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker's stock valued at $50,920,000 after purchasing an additional 53,566 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in Advanced Energy Industries by 3.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker's stock valued at $19,244,000 after buying an additional 6,217 shares during the period. Semanteon Capital Management LP acquired a new position in shares of Advanced Energy Industries in the 3rd quarter valued at approximately $724,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker's stock worth $263,000 after acquiring an additional 130 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Advanced Energy Industries by 28.0% during the 3rd quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker's stock worth $106,000 after acquiring an additional 220 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries's dividend payout ratio (DPR) is presently 16.67%.

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.