Analysts Expect Advanced Energy Industries, Inc. (AEIS) Will Post Earnings of $1.21 Per Share
Equities research analysts expect that Advanced Energy Industries, Inc. (NASDAQ:AEIS) will announce earnings of $1.21 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Advanced Energy Industries’ earnings, with estimates ranging from $1.20 to $1.22. Advanced Energy Industries posted earnings of $1.06 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.2%. The firm is scheduled to report its next earnings report on Monday, January 29th.
On average, analysts expect that Advanced Energy Industries will report full-year earnings of $4.67 per share for the current year, with EPS estimates ranging from $4.66 to $4.68. For the next year, analysts anticipate that the firm will post earnings of $4.94 per share, with EPS estimates ranging from $4.63 to $5.14. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The company had revenue of $176.60 million during the quarter, compared to the consensus estimate of $165.77 million. During the same period in the prior year, the business posted $0.77 EPS. The company’s quarterly revenue was up 39.5% on a year-over-year basis.
A number of equities research analysts have recently issued reports on AEIS shares. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Friday, November 3rd. ValuEngine cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. Needham & Company LLC upped their target price on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 target price on the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Advanced Energy Industries presently has a consensus rating of “Hold” and an average price target of $81.60.
Shares of Advanced Energy Industries (NASDAQ AEIS) traded up $0.17 during mid-day trading on Friday, hitting $70.41. 468,800 shares of the stock were exchanged, compared to its average volume of 430,638. The company has a market cap of $2,785.53, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29. Advanced Energy Industries has a 12 month low of $52.12 and a 12 month high of $95.00.
In other Advanced Energy Industries news, CEO Yuval Wasserman sold 23,000 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $85.00, for a total value of $1,955,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Thomas Liguori sold 16,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $73.64, for a total transaction of $1,178,240.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,603 shares of company stock worth $5,750,808. 1.13% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Advanced Energy Industries by 57.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock valued at $168,000 after acquiring an additional 756 shares during the period. Advisory Services Network LLC raised its holdings in Advanced Energy Industries by 9.5% in the 2nd quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock valued at $140,000 after acquiring an additional 187 shares during the period. D.A. Davidson & CO. raised its holdings in Advanced Energy Industries by 0.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock valued at $142,000 after acquiring an additional 16 shares during the period. Riverhead Capital Management LLC raised its holdings in Advanced Energy Industries by 55.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock valued at $151,000 after acquiring an additional 831 shares during the period. Finally, Macquarie Group Ltd. bought a new position in Advanced Energy Industries in the 3rd quarter valued at about $202,000. 92.99% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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