Equities research analysts expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to post $312.47 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Advanced Energy Industries’ earnings, with the lowest sales estimate coming in at $309.30 million and the highest estimate coming in at $314.10 million. Advanced Energy Industries reported sales of $154.16 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 102.7%. The business is expected to announce its next earnings report on Monday, February 3rd.
On average, analysts expect that Advanced Energy Industries will report full-year sales of $763.17 million for the current fiscal year, with estimates ranging from $760.00 million to $764.80 million. For the next year, analysts anticipate that the business will post sales of $1.29 billion, with estimates ranging from $1.24 billion to $1.33 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Tuesday, November 12th. The electronics maker reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.22. The business had revenue of $175.10 million during the quarter, compared to analysts’ expectations of $153.03 million. Advanced Energy Industries had a return on equity of 13.00% and a net margin of 12.25%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share.
Several analysts have weighed in on AEIS shares. BidaskClub raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $68.00 in a report on Monday, September 23rd. ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Cowen increased their price objective on Advanced Energy Industries from $57.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Finally, TheStreet lowered Advanced Energy Industries from a “b-” rating to a “c+” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $72.50.
Advanced Energy Industries stock traded up $1.06 during trading hours on Wednesday, hitting $62.75. The stock had a trading volume of 288,685 shares, compared to its average volume of 293,511. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.47 and a quick ratio of 1.80. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 14.98 and a beta of 1.53. Advanced Energy Industries has a 1-year low of $38.74 and a 1-year high of $72.26. The stock’s fifty day moving average is $61.06 and its two-hundred day moving average is $55.42.
In related news, CEO Yuval Wasserman sold 6,610 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $60.05, for a total transaction of $396,930.50. Following the sale, the chief executive officer now owns 160,801 shares of the company’s stock, valued at $9,656,100.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of AEIS. Strs Ohio acquired a new position in Advanced Energy Industries during the 2nd quarter worth $33,000. Quest Capital Management Inc. ADV purchased a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at approximately $34,000. Private Capital Group LLC lifted its stake in shares of Advanced Energy Industries by 280.0% during the 2nd quarter. Private Capital Group LLC now owns 646 shares of the electronics maker’s stock valued at $38,000 after buying an additional 476 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Advanced Energy Industries during the 2nd quarter valued at approximately $62,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at approximately $122,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
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