Advanced Energy Industries, Inc. (NASDAQ:AEIS) Scheduled to Post Earnings on Monday
Advanced Energy Industries, Inc. (NASDAQ:AEIS) will release its earnings data after the market closes on Monday, July 31st. Analysts expect Advanced Energy Industries to post earnings of $1.06 per share for the quarter. Advanced Energy Industries has set its Q2 guidance at $1.00-1.10 EPS.
Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Monday, May 1st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Advanced Energy Industries had a net margin of 26.92% and a return on equity of 35.38%. The firm had revenue of $149.35 million for the quarter, compared to analysts’ expectations of $147.86 million. During the same period last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 45.0% on a year-over-year basis. On average, analysts expect Advanced Energy Industries to post $3.72 EPS for the current fiscal year and $3.75 EPS for the next fiscal year.
Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at 75.01 on Monday. The company has a market capitalization of $2.98 billion, a PE ratio of 21.05 and a beta of 1.33. The firm has a 50-day moving average of $72.42 and a 200-day moving average of $67.73. Advanced Energy Industries, Inc. has a 52 week low of $39.17 and a 52 week high of $86.25.
In other news, CEO Yuval Wasserman sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $77.25, for a total value of $1,545,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Thomas Liguori sold 17,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $76.64, for a total transaction of $1,302,880.00. Following the completion of the sale, the chief financial officer now directly owns 73,191 shares in the company, valued at $5,609,358.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,796 shares of company stock valued at $8,381,106. Corporate insiders own 1.13% of the company’s stock.
Several equities analysts have issued reports on the stock. BidaskClub cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. ValuEngine upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Energy Industries currently has a consensus rating of “Buy” and a consensus price target of $72.25.
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About Advanced Energy Industries
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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