Advanced Energy Industries (NASDAQ:AEIS) Announces Earnings Results, Misses Estimates By $0.09 EPS

Advanced Energy Industries (NASDAQ:AEIS) announced its earnings results on Wednesday. The electronics maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09), Yahoo Finance reports. Advanced Energy Industries had a return on equity of 11.70% and a net margin of 6.58%. The firm had revenue of $327.50 million during the quarter, compared to the consensus estimate of $351.74 million. During the same quarter last year, the business earned $1.10 EPS. The business’s revenue was down 22.9% compared to the same quarter last year. Advanced Energy Industries updated its Q2 guidance to $0.48-$0.98 EPS and its Q2 2024 guidance to 0.480-0.980 EPS.

Advanced Energy Industries Price Performance

NASDAQ AEIS traded up $2.36 during trading on Friday, reaching $97.99. 259,377 shares of the company traded hands, compared to its average volume of 217,206. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $126.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. The stock’s 50 day moving average price is $97.82 and its two-hundred day moving average price is $99.13. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 3.37 and a beta of 1.54.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio is 14.71%.

Analyst Upgrades and Downgrades

AEIS has been the subject of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Benchmark restated a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Susquehanna decreased their price target on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $111.86.

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.