Equities analysts expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to report sales of $187.58 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Advanced Energy Industries’ earnings, with the highest sales estimate coming in at $188.70 million and the lowest estimate coming in at $186.00 million. Advanced Energy Industries reported sales of $149.35 million in the same quarter last year, which would indicate a positive year over year growth rate of 25.6%. The company is expected to report its next earnings results on Monday, May 7th.
On average, analysts expect that Advanced Energy Industries will report full year sales of $187.58 million for the current fiscal year, with estimates ranging from $685.00 million to $759.80 million. For the next fiscal year, analysts forecast that the company will post sales of $788.70 million per share, with estimates ranging from $774.60 million to $807.50 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, January 30th. The electronics maker reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. The company had revenue of $179.21 million during the quarter, compared to the consensus estimate of $177.07 million. Advanced Energy Industries had a return on equity of 35.06% and a net margin of 20.55%. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 earnings per share.
In other Advanced Energy Industries news, Director Grant H. Beard sold 10,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $71.86, for a total value of $718,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.13% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. raised its holdings in Advanced Energy Industries by 2.2% in the second quarter. Ameritas Investment Partners Inc. now owns 3,487 shares of the electronics maker’s stock worth $225,000 after purchasing an additional 75 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Advanced Energy Industries by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 30,325 shares of the electronics maker’s stock worth $1,962,000 after purchasing an additional 174 shares in the last quarter. Smith Asset Management Group LP grew its stake in shares of Advanced Energy Industries by 1.2% in the third quarter. Smith Asset Management Group LP now owns 55,990 shares of the electronics maker’s stock worth $4,522,000 after acquiring an additional 676 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Advanced Energy Industries by 14.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,010 shares of the electronics maker’s stock worth $406,000 after acquiring an additional 747 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Advanced Energy Industries by 57.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock worth $168,000 after acquiring an additional 756 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.
Advanced Energy Industries (AEIS) opened at $66.70 on Wednesday. The company has a market capitalization of $2,640.00, a P/E ratio of 12.80, a P/E/G ratio of 1.57 and a beta of 1.24. Advanced Energy Industries has a twelve month low of $61.72 and a twelve month high of $95.00.
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About Advanced Energy Industries
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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