Advanced Energy Industries, Inc. (AEIS) Scheduled to Post Earnings on Monday
Advanced Energy Industries, Inc. (NASDAQ:AEIS) is scheduled to release its earnings data after the market closes on Monday, October 30th. Analysts expect Advanced Energy Industries to post earnings of $1.17 per share for the quarter. Advanced Energy Industries has set its Q3 guidance at $1.10-1.20 EPS.
Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.22 EPS for the quarter, topping the consensus estimate of $1.07 by $0.15. Advanced Energy Industries had a net margin of 27.42% and a return on equity of 36.19%. The business had revenue of $165.95 million for the quarter, compared to analyst estimates of $155.72 million. During the same period in the previous year, the firm earned $0.73 EPS. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. On average, analysts expect Advanced Energy Industries to post $4.2 EPS for the current fiscal year and $4.32 EPS for the next fiscal year.
Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at 90.22 on Monday. The company has a 50 day moving average of $79.81 and a 200 day moving average of $74.25. Advanced Energy Industries, Inc. has a 52-week low of $46.18 and a 52-week high of $91.14. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 22.92 and a beta of 1.38.
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In other Advanced Energy Industries news, CFO Thomas Liguori sold 16,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $73.64, for a total transaction of $1,178,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Yuval Wasserman sold 10,669 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $90.00, for a total value of $960,210.00. Following the sale, the chief executive officer now owns 130,259 shares of the company’s stock, valued at $11,723,310. The disclosure for this sale can be found here. Insiders have sold a total of 61,413 shares of company stock valued at $4,975,307 over the last 90 days. Corporate insiders own 1.13% of the company’s stock.
A number of research analysts recently issued reports on AEIS shares. Zacks Investment Research lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Stifel Nicolaus began coverage on Advanced Energy Industries in a report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 target price on the stock. Needham & Company LLC reissued a “buy” rating on shares of Advanced Energy Industries in a research note on Friday, October 13th. Finally, KeyCorp reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Sunday, October 15th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $72.60.
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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