$165.70 Million in Sales Expected for Advanced Energy Industries, Inc. (AEIS) This Quarter
Equities research analysts predict that Advanced Energy Industries, Inc. (NASDAQ:AEIS) will post sales of $165.70 million for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Advanced Energy Industries’ earnings, with estimates ranging from $164.50 million to $167.70 million. Advanced Energy Industries posted sales of $126.55 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.9%. The firm is scheduled to announce its next quarterly earnings results on Monday, October 30th.
On average, analysts expect that Advanced Energy Industries will report full year sales of $165.70 million for the current year, with estimates ranging from $642.00 million to $653.90 million. For the next year, analysts anticipate that the business will post sales of $681.05 million per share, with estimates ranging from $642.40 million to $707.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.15. The business had revenue of $165.95 million during the quarter, compared to the consensus estimate of $155.72 million. Advanced Energy Industries had a net margin of 27.42% and a return on equity of 36.19%. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS.
A number of research firms recently weighed in on AEIS. BidaskClub upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Stifel Nicolaus began coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 target price for the company. ValuEngine upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $72.60.
In other Advanced Energy Industries news, CEO Yuval Wasserman sold 12,281 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $80.00, for a total value of $982,480.00. Following the completion of the sale, the chief executive officer now owns 130,349 shares in the company, valued at $10,427,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas M. Rohrs sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $64.87, for a total value of $259,480.00. The disclosure for this sale can be found here. Insiders sold 37,024 shares of company stock valued at $2,759,471 in the last quarter. Corporate insiders own 1.13% of the company’s stock.
A number of hedge funds have recently made changes to their positions in AEIS. DekaBank Deutsche Girozentrale bought a new stake in Advanced Energy Industries in the first quarter valued at approximately $130,000. Meeder Asset Management Inc. lifted its position in Advanced Energy Industries by 797.2% in the first quarter. Meeder Asset Management Inc. now owns 1,947 shares of the electronics maker’s stock valued at $133,000 after purchasing an additional 1,730 shares during the last quarter. Advisory Services Network LLC bought a new stake in Advanced Energy Industries in the first quarter valued at approximately $135,000. D.A. Davidson & CO. lifted its position in Advanced Energy Industries by 0.7% in the second quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock valued at $142,000 after purchasing an additional 16 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its position in Advanced Energy Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock valued at $151,000 after purchasing an additional 831 shares during the last quarter. Hedge funds and other institutional investors own 92.25% of the company’s stock.
Advanced Energy Industries (NASDAQ AEIS) traded up 1.39% during mid-day trading on Friday, reaching $74.56. 225,530 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $72.16 and a 200-day moving average of $70.56. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 18.94 and a beta of 1.35. Advanced Energy Industries has a one year low of $43.33 and a one year high of $86.25.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Advanced Energy Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.