Advanced Energy Industries, Inc. (NASDAQ:AEIS) Declares Quarterly Dividend of $0.10

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Investors of record on Monday, November 25th will be paid a dividend of 0.10 per share by the electronics maker on Friday, December 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%.

Advanced Energy Industries has a payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Advanced Energy Industries to earn $4.25 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 9.4%.

Advanced Energy Industries Stock Up 0.7 %

NASDAQ:AEIS traded up $0.76 during mid-day trading on Thursday, hitting $108.53. The company had a trading volume of 529,692 shares, compared to its average volume of 211,391. The business has a fifty day simple moving average of $104.07 and a 200-day simple moving average of $104.74. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 45.22, a PEG ratio of 5.41 and a beta of 1.49. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $119.75. 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 results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The firm 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 company posted $0.95 EPS. Advanced Energy Industries's revenue for the quarter was down 12.2% on a year-over-year basis. Equities analysts forecast that Advanced Energy Industries will post 2.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AEIS shares. Benchmark restated a "buy" rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. StockNews.com cut shares of Advanced Energy Industries from a "hold" rating to a "sell" rating in a research report on Friday, September 20th. Citigroup lowered Advanced Energy Industries from a "buy" rating to a "neutral" rating and set a $113.00 target price on the stock. in a research report on Monday, July 15th. TD Cowen reduced their price target on Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating for the company in a report on Thursday. Finally, Susquehanna lowered their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Energy Industries has an average rating of "Hold" and a consensus price target of $112.89.

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.