Press coverage about Advanced Energy (NASDAQ:AEIS) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Advanced Energy earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the electronics maker an impact score of 46.7764994096995 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of brokerages recently weighed in on AEIS. BidaskClub upgraded Advanced Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Cowen assumed coverage on Advanced Energy in a research note on Tuesday, May 15th. They set an “outperform” rating and a $78.00 price objective for the company. Zacks Investment Research upgraded Advanced Energy from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Friday, May 4th. DA Davidson decreased their price target on Advanced Energy to $90.00 and set a “buy” rating for the company in a research note on Thursday, June 21st. Finally, ValuEngine cut Advanced Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Advanced Energy currently has an average rating of “Hold” and a consensus target price of $76.50.
Advanced Energy traded down $0.08, reaching $58.36, during midday trading on Thursday, Marketbeat Ratings reports. The company’s stock had a trading volume of 209 shares, compared to its average volume of 382,967. Advanced Energy has a 52-week low of $57.35 and a 52-week high of $95.00. The stock has a market cap of $2.37 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.37 and a beta of 1.35.
Advanced Energy (NASDAQ:AEIS) last released its quarterly earnings results on Monday, April 30th. The electronics maker reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. Advanced Energy had a return on equity of 34.76% and a net margin of 20.47%. The company had revenue of $195.62 million during the quarter, compared to analysts’ expectations of $187.92 million. During the same period last year, the business posted $1.04 earnings per share. The firm’s revenue was up 31.0% compared to the same quarter last year. equities research analysts predict that Advanced Energy will post 4.91 EPS for the current fiscal year.
Advanced Energy announced that its board has approved a share repurchase plan on Monday, May 7th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the electronics maker to purchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
In other Advanced Energy news, CEO Yuval Wasserman sold 55,540 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $62.40, for a total value of $3,465,696.00. Following the completion of the sale, the chief executive officer now directly owns 141,929 shares in the company, valued at $8,856,369.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.
Advanced Energy Company Profile
Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
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