Wall Street analysts predict that Advanced Energy Industries, Inc. (NASDAQ:AEIS) will announce $187.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Advanced Energy Industries’ earnings. The lowest sales estimate is $186.00 million and the highest is $188.70 million. Advanced Energy Industries posted sales of $149.35 million in the same quarter last year, which suggests a positive year over year growth rate of 25.6%. The business is expected to report its next earnings report on Monday, May 7th.
On average, analysts expect that Advanced Energy Industries will report full-year sales of $187.58 million for the current fiscal year, with estimates ranging from $685.00 million to $759.80 million. For the next fiscal year, analysts anticipate that the firm will report sales of $788.70 million per share, with estimates ranging from $774.60 million to $807.50 million. Zacks’ sales averages are an average based on a survey of analysts that follow Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Tuesday, January 30th. The electronics maker reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.09. The firm had revenue of $179.21 million for the quarter, compared to analysts’ expectations of $177.07 million. Advanced Energy Industries had a net margin of 20.55% and a return on equity of 35.06%. The firm’s revenue was up 32.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 earnings per share.
A number of research firms have weighed in on AEIS. Needham & Company LLC raised their price objective on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Monday, February 5th. BidaskClub cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday, December 29th. DA Davidson began coverage on shares of Advanced Energy Industries in a report on Wednesday, January 10th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, ValuEngine cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $84.60.
Shares of Advanced Energy Industries (NASDAQ:AEIS) traded down $1.10 during trading hours on Friday, reaching $65.56. 466,994 shares of the company traded hands, compared to its average volume of 521,594. The firm has a market capitalization of $2,600.00, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24. Advanced Energy Industries has a 52-week low of $60.84 and a 52-week high of $95.00.
In other news, Director Grant H. Beard sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $71.86, for a total transaction of $718,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.13% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its position in shares of Advanced Energy Industries by 4.1% during the second quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock worth $65,937,000 after acquiring an additional 40,286 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Advanced Energy Industries during the third quarter worth approximately $3,467,000. Cortina Asset Management LLC purchased a new position in shares of Advanced Energy Industries during the third quarter worth approximately $18,683,000. ARP Americas LLC purchased a new position in shares of Advanced Energy Industries during the third quarter worth approximately $300,000. Finally, First Trust Advisors LP grew its position in shares of Advanced Energy Industries by 22.2% during the third quarter. First Trust Advisors LP now owns 87,527 shares of the electronics maker’s stock worth $7,069,000 after acquiring an additional 15,901 shares during the last quarter. Institutional investors and hedge funds own 93.22% of the company’s stock.
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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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