$1.21 EPS Expected for Advanced Energy Industries, Inc. (AEIS) This Quarter

Brokerages forecast that Advanced Energy Industries, Inc. (NASDAQ:AEIS) will post earnings per share (EPS) of $1.21 for the current quarter, Zacks reports. Three analysts have made estimates for Advanced Energy Industries’ earnings, with the lowest EPS estimate coming in at $1.20 and the highest estimate coming in at $1.22. Advanced Energy Industries reported earnings per share of $1.06 during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.2%. The company is scheduled to announce its next earnings report on Monday, January 29th.

On average, analysts expect that Advanced Energy Industries will report full year earnings of $4.67 per share for the current financial year, with EPS estimates ranging from $4.66 to $4.68. For the next fiscal year, analysts forecast that the company will post earnings of $4.94 per share, with EPS estimates ranging from $4.63 to $5.14. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Advanced Energy Industries.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The business had revenue of $176.60 million for the quarter, compared to analyst estimates of $165.77 million. During the same quarter last year, the company earned $0.77 EPS. The business’s quarterly revenue was up 39.5% on a year-over-year basis.

AEIS has been the topic of several research analyst reports. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Friday, November 3rd. ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Needham & Company LLC lifted their price target on Advanced Energy Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus initiated coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $81.60.

Advanced Energy Industries (NASDAQ:AEIS) traded down $2.42 on Friday, reaching $72.55. The company’s stock had a trading volume of 903,732 shares, compared to its average volume of 372,004. The firm has a market capitalization of $2,877.12, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.16 and a beta of 1.31. Advanced Energy Industries has a 52 week low of $51.56 and a 52 week high of $95.00.

In other news, Director Frederick Ball sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.51, for a total value of $334,040.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas Liguori sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $73.64, for a total value of $1,178,240.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,603 shares of company stock worth $5,750,808. 1.13% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in AEIS. FMR LLC increased its holdings in shares of Advanced Energy Industries by 8.6% in the first quarter. FMR LLC now owns 19,230 shares of the electronics maker’s stock valued at $1,318,000 after purchasing an additional 1,530 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 150 shares during the period. Aperio Group LLC increased its holdings 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 valued at $895,000 after purchasing an additional 722 shares during the period. US Bancorp DE increased its holdings 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 valued at $332,000 after purchasing an additional 18 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings 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 valued at $17,267,000 after purchasing an additional 83,600 shares during the period. 92.93% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Advanced Energy Industries (NASDAQ:AEIS)

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