Advanced Energy Industries (NASDAQ:AEIS) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.27-1.37 for the period, compared to the Thomson Reuters consensus estimate of $1.24. The company issued revenue guidance of $183-193 million, compared to the consensus revenue estimate of $179.96 million.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Advanced Energy Industries from a hold rating to a buy rating and set a $78.00 target price for the company in a research report on Monday, February 5th. BidaskClub downgraded Advanced Energy Industries from a hold rating to a sell rating in a research report on Thursday, February 8th. Needham & Company LLC upped their price objective 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, DA Davidson started coverage on Advanced Energy Industries in a research report on Wednesday, January 10th. They set a buy rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $84.60.
Shares of Advanced Energy Industries (AEIS) traded down $0.80 during mid-day trading on Wednesday, hitting $64.36. The stock had a trading volume of 464,000 shares, compared to its average volume of 526,462. The firm has a market capitalization of $2,540.00, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.52 and a beta of 1.24. Advanced Energy Industries has a 12 month low of $60.84 and a 12 month high of $95.00.
Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, January 30th. The electronics maker reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.09. The company had revenue of $179.21 million during the quarter, compared to analysts’ expectations of $177.07 million. Advanced Energy Industries had a return on equity of 35.06% and a net margin of 20.55%. The business’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 earnings per share. equities analysts expect that Advanced Energy Industries will post 4.76 earnings per share for the current year.
In related news, Director Grant H. Beard sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $71.86, for a total transaction of $718,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.13% of the company’s stock.
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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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