Advanced Energy Industries (AEIS) Releases Quarterly Earnings Results
Advanced Energy Industries (NASDAQ:AEIS) posted its quarterly earnings results on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19, Analyst Ratings Network reports. The company had revenue of $153.00 million for the quarter, compared to the consensus estimate of $150.75 million. During the same quarter last year, the company posted $0.16 earnings per share. Advanced Energy Industries’s revenue was up 35.0% compared to the same quarter last year.
Shares of Advanced Energy Industries (NASDAQ:AEIS) opened at 26.56 on Tuesday. Advanced Energy Industries has a 52-week low of $14.69 and a 52-week high of $27.77. The stock’s 50-day moving average is $23.94 and its 200-day moving average is $21.28. The company has a market cap of $1.062 billion and a P/E ratio of 496.36.
A number of research firms have recently commented on AEIS. Analysts at Needham & Company raised their price target on shares of Advanced Energy Industries from $27.00 to $30.00 in a research note to investors on Thursday, January 16th. They now have a “buy” rating on the stock. On the ratings front, analysts at Zacks downgraded shares of Advanced Energy Industries from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $26.60 price target on the stock. Finally, analysts at Susquehanna downgraded shares of Advanced Energy Industries from a “positive” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $27.00 price target on the stock, down previously from $28.00. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Advanced Energy Industries has an average rating of “Hold” and an average price target of $25.80.
Advanced Energy Industries, Inc (NASDAQ:AEIS) designs, manufactures, sells, and supports power conversion products that transform power into various usable forms.
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