Advanced Energy Industries (NASDAQ:AEIS) Posts Earnings Results, Beats Expectations By $0.07 EPS

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) announced its quarterly earnings results on Wednesday. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07, Briefing.com reports. The company had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.05% and a net margin of 2.91%. The firm's revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 earnings per share. Advanced Energy Industries updated its Q4 guidance to $0.83-$1.33 EPS and its Q4 2024 guidance to 0.830-1.330 EPS.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS traded up $1.04 during trading hours on Friday, reaching $109.57. 206,103 shares of the stock were exchanged, compared to its average volume of 211,366. The stock has a market capitalization of $4.13 billion, a P/E ratio of 96.11, a P/E/G ratio of 5.45 and a beta of 1.48. The firm has a 50 day simple moving average of $104.05 and a 200-day simple moving average of $104.84. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. Advanced Energy Industries has a 52 week low of $85.26 and a 52 week high of $119.75.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries's dividend payout ratio is currently 35.09%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AEIS. Susquehanna cut their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating on the stock in a report on Friday, October 11th. Citigroup downgraded Advanced Energy Industries from a "buy" rating to a "neutral" rating and set a $113.00 price target for the company. in a report on Monday, July 15th. Benchmark restated a "buy" rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Robert W. Baird dropped their target price on Advanced Energy Industries from $128.00 to $124.00 and set an "outperform" rating on the stock in a report on Friday. Finally, StockNews.com cut Advanced Energy Industries from a "hold" rating to a "sell" rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Advanced Energy Industries has a consensus rating of "Hold" and a consensus price target of $112.75.

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.