$155.66 Million in Sales Expected for Advanced Energy Industries, Inc. (AEIS) This Quarter
Equities analysts predict that Advanced Energy Industries, Inc. (NASDAQ:AEIS) will post $155.66 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Advanced Energy Industries’ earnings. The lowest sales estimate is $153.50 million and the highest is $157.70 million. Advanced Energy Industries reported sales of $118.77 million during the same quarter last year, which indicates a positive year-over-year growth rate of 31.1%. The business is scheduled to issue its next earnings results after the market closes on Monday, July 31st.
On average, analysts expect that Advanced Energy Industries will report full year sales of $155.66 million for the current financial year, with estimates ranging from $583.00 million to $626.10 million. For the next fiscal year, analysts anticipate that the firm will report sales of $629.96 million per share, with estimates ranging from $598.50 million to $651.05 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, May 1st. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $149.35 million for the quarter, compared to analyst estimates of $147.86 million. During the same quarter last year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 45.0% compared to the same quarter last year.
A number of brokerages have recently issued reports on AEIS. BidaskClub upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Monday. 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. Finally, ValuEngine upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Advanced Energy Industries has an average rating of “Buy” and a consensus target price of $72.25.
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Shares of Advanced Energy Industries (NASDAQ:AEIS) opened at 74.57 on Wednesday. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 20.92 and a beta of 1.32. The stock has a 50 day moving average of $72.20 and a 200 day moving average of $68.10. Advanced Energy Industries has a 12 month low of $39.17 and a 12 month high of $86.25.
In related news, Director Edward C. Grady sold 6,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $80.02, for a total value of $480,120.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas M. Rohrs sold 4,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $64.87, for a total transaction of $259,480.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,796 shares of company stock worth $8,381,106. 1.13% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Advanced Energy Industries during the second quarter worth approximately $307,000. Acadian Asset Management LLC boosted its stake in shares of Advanced Energy Industries by 112.9% in the second quarter. Acadian Asset Management LLC now owns 214,534 shares of the electronics maker’s stock worth $13,879,000 after buying an additional 113,778 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Advanced Energy Industries by 45.6% in the second quarter. Russell Investments Group Ltd. now owns 266,918 shares of the electronics maker’s stock worth $17,267,000 after buying an additional 83,600 shares during the last quarter. US Bancorp DE boosted its stake in shares of Advanced Energy Industries by 0.4% in the second quarter. US Bancorp DE now owns 5,136 shares of the electronics maker’s stock worth $332,000 after buying an additional 18 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Advanced Energy Industries by 5.5% in the second quarter. Aperio Group LLC now owns 13,835 shares of the electronics maker’s stock worth $895,000 after buying an additional 722 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.
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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