Zacks: Analysts Expect Advanced Energy Industries, Inc. (AEIS) Will Post Earnings of $0.91 Per Share

Wall Street brokerages expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to post earnings of $0.91 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Advanced Energy Industries’ earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.90. Advanced Energy Industries posted earnings per share of $0.53 in the same quarter last year, which would suggest a positive year-over-year growth rate of 71.7%. The company is expected to report its next earnings results after the market closes on Monday, May 1st.

On average, analysts expect that Advanced Energy Industries will report full-year earnings of $3.38 per share for the current fiscal year, with EPS estimates ranging from $3.26 to $3.51. For the next year, analysts forecast that the business will post earnings of $3.68 per share, with EPS estimates ranging from $3.64 to $3.72. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Advanced Energy Industries.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, January 30th. The electronics maker reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.25. The firm had revenue of $135.30 million for the quarter, compared to the consensus estimate of $131.14 million. Advanced Energy Industries had a return on equity of 34.94% and a net margin of 26.35%. The business’s revenue was up 55.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share.

Several research analysts have commented on AEIS shares. Dougherty & Co raised their price target on shares of Advanced Energy Industries from $54.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, January 12th. Needham & Company LLC raised their price target on shares of Advanced Energy Industries from $65.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Friday, January 13th. Finally, Citigroup Inc raised their price target on shares of Advanced Energy Industries from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, March 20th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Advanced Energy Industries currently has a consensus rating of “Buy” and an average target price of $69.50.

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Shares of Advanced Energy Industries (NASDAQ:AEIS) traded down 0.62% during trading on Tuesday, reaching $68.50. The company’s stock had a trading volume of 308,859 shares. The stock’s 50 day moving average price is $66.14 and its 200-day moving average price is $57.43. Advanced Energy Industries has a 12 month low of $31.98 and a 12 month high of $70.64. The firm has a market cap of $2.72 billion, a PE ratio of 21.53 and a beta of 1.07.

In other news, Director Thomas M. Rohrs sold 4,000 shares of Advanced Energy Industries stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $68.56, for a total transaction of $274,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.33% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Covenant Asset Management LLC acquired a new position in shares of Advanced Energy Industries during the first quarter worth approximately $1,294,000. Navellier & Associates Inc acquired a new position in shares of Advanced Energy Industries during the first quarter worth approximately $731,000. State of Alaska Department of Revenue boosted its position in shares of Advanced Energy Industries by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,390 shares of the electronics maker’s stock worth $300,000 after buying an additional 100 shares during the last quarter. Cim LLC boosted its position in shares of Advanced Energy Industries by 0.8% in the first quarter. Cim LLC now owns 9,342 shares of the electronics maker’s stock worth $640,000 after buying an additional 72 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Advanced Energy Industries by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the electronics maker’s stock worth $1,111,000 after buying an additional 200 shares during the last quarter. Institutional investors own 94.15% of the company’s stock.

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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