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

Equities analysts expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to announce earnings of $1.21 per share for the current quarter, according to Zacks. Three analysts have made estimates for Advanced Energy Industries’ earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $1.20. Advanced Energy Industries posted earnings of $1.06 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 14.2%. The business is scheduled to report its next quarterly 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 expect that the firm will post earnings of $4.98 per share, with EPS estimates ranging from $4.73 to $5.14. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Advanced Energy Industries.

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

Several analysts have recently issued reports on the company. BidaskClub upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Zacks Investment Research downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. DA Davidson assumed coverage on Advanced Energy Industries in a research report on Wednesday, January 10th. They issued a “buy” rating and a $100.00 price objective on the stock. ValuEngine downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Needham & Company LLC upped their price objective on Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $81.83.

In other news, Director Grant H. Beard sold 10,000 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $71.86, for a total value of $718,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $85.06, for a total value of $441,461.40. The disclosure for this sale can be found here. Insiders have sold 19,190 shares of company stock worth $1,494,101 over the last quarter. 1.13% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of AEIS. Neuberger Berman Group LLC acquired a new stake in shares of Advanced Energy Industries in the second quarter valued at about $278,000. Riverhead Capital Management LLC grew its stake in shares of Advanced Energy Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock valued at $151,000 after buying an additional 831 shares in the last quarter. BlackRock Inc. grew its stake in shares of Advanced Energy Industries by 3.1% in the second quarter. BlackRock Inc. now owns 5,127,265 shares of the electronics maker’s stock valued at $331,682,000 after buying an additional 155,880 shares in the last quarter. Amalgamated Bank grew its stake in shares of Advanced Energy Industries by 5.6% in the second quarter. Amalgamated Bank now owns 5,525 shares of the electronics maker’s stock valued at $357,000 after buying an additional 292 shares in the last quarter. Finally, Profund Advisors LLC grew its stake in shares of Advanced Energy Industries by 9.7% in the second quarter. Profund Advisors LLC now owns 7,804 shares of the electronics maker’s stock valued at $505,000 after buying an additional 693 shares in the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.

Shares of Advanced Energy Industries (NASDAQ:AEIS) opened at $77.10 on Wednesday. The company has a market capitalization of $3,060.00, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. Advanced Energy Industries has a 12-month low of $56.07 and a 12-month high of $95.00.

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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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