Zacks: Brokerages Expect Advanced Energy Industries, Inc. (AEIS) Will Announce Earnings of $1.00 Per Share
Wall Street analysts expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to report $1.00 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have issued estimates for Advanced Energy Industries’ earnings. The lowest EPS estimate is $0.98 and the highest is $1.03. Advanced Energy Industries reported earnings of $0.68 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 47.1%. The business is expected to report its next quarterly earnings results after the market closes on Monday, July 31st.
According to Zacks, analysts expect that Advanced Energy Industries will report full-year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.68 to $3.75. For the next fiscal year, analysts expect that the firm will report earnings of $3.75 per share, with EPS estimates ranging from $3.64 to $3.86. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, May 1st. The electronics maker reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. The firm had revenue of $149.35 million during the quarter, compared to analyst estimates of $147.86 million. Advanced Energy Industries had a net margin of 26.92% and a return on equity of 35.38%. The business’s revenue for the quarter was up 45.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 EPS.
AEIS has been the subject of several recent research reports. BidaskClub lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. ValuEngine upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, July 10th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $72.25.
In related news, CEO Yuval Wasserman sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $77.25, for a total transaction of $1,545,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas O. Mcgimpsey sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $77.04, for a total transaction of $2,293,634.88. Following the transaction, the executive vice president now owns 53,456 shares of the company’s stock, valued at approximately $4,118,250.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,796 shares of company stock valued at $8,381,106. 1.13% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of AEIS. US Bancorp DE raised its position in Advanced Energy Industries by 0.4% in the second quarter. US Bancorp DE now owns 5,136 shares of the electronics maker’s stock valued at $332,000 after buying an additional 18 shares during the period. Aperio Group LLC raised its position in Advanced Energy Industries by 5.5% in the second quarter. Aperio Group LLC now owns 13,835 shares of the electronics maker’s stock valued at $895,000 after buying an additional 722 shares during the period. Nisa Investment Advisors LLC raised its position in Advanced Energy Industries by 1.0% in the second quarter. Nisa Investment Advisors LLC now owns 14,780 shares of the electronics maker’s stock valued at $1,079,000 after buying an additional 150 shares during the period. James Investment Research Inc. purchased a new position in Advanced Energy Industries during the second quarter valued at approximately $2,762,000. Finally, Meeder Asset Management Inc. raised its position in Advanced Energy Industries by 12.5% in the second quarter. Meeder Asset Management Inc. now owns 2,191 shares of the electronics maker’s stock valued at $141,000 after buying an additional 244 shares during the period. Hedge funds and other institutional investors own 93.84% of the company’s stock.
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Advanced Energy Industries (NASDAQ:AEIS) remained flat at $75.01 on Monday. 373,720 shares of the company’s stock traded hands. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 21.05 and a beta of 1.33. Advanced Energy Industries has a 12 month low of $39.17 and a 12 month high of $86.25. The firm’s 50 day moving average price is $72.20 and its 200-day moving average price is $68.10.
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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