Advanced Energy Industries, Inc. (NASDAQ:AEIS) Plans $0.10 Quarterly Dividend

Advanced Energy Industries, Inc. (NASDAQ:AEIS) declared a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Monday, May 27th will be paid a dividend of 0.10 per share by the electronics maker on Friday, June 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Thursday, May 23rd.

Advanced Energy Industries has a dividend payout ratio of 6.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Advanced Energy Industries to earn $4.41 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 9.1%.

Advanced Energy Industries Trading Up 2.3 %

AEIS traded up $2.18 during midday trading on Friday, reaching $95.96. 148,173 shares of the company were exchanged, compared to its average volume of 159,664. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. Advanced Energy Industries has a one year low of $81.86 and a one year high of $126.38. The stock has a market capitalization of $3.58 billion, a P/E ratio of 28.22, a PEG ratio of 3.29 and a beta of 1.55. The stock’s 50-day simple moving average is $98.15 and its 200 day simple moving average is $99.22.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.10. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. The business had revenue of $405.27 million for the quarter, compared to analysts’ expectations of $407.66 million. As a group, analysts forecast that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their price objective on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.14.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.