$0.37 EPS Expected for Advanced Energy Industries, Inc. (NASDAQ:AEIS) This Quarter

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Equities research analysts forecast that Advanced Energy Industries, Inc. (NASDAQ:AEIS) will report earnings per share of $0.37 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Advanced Energy Industries’ earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.34. Advanced Energy Industries reported earnings per share of $1.05 during the same quarter last year, which suggests a negative year-over-year growth rate of 64.8%. The company is expected to announce its next quarterly earnings report on Monday, November 4th.

On average, analysts expect that Advanced Energy Industries will report full-year earnings of $1.96 per share for the current financial year, with EPS estimates ranging from $1.84 to $2.16. For the next year, analysts anticipate that the company will post earnings of $3.10 per share, with EPS estimates ranging from $2.65 to $3.53. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Advanced Energy Industries.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, August 5th. The electronics maker reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.15. Advanced Energy Industries had a net margin of 16.80% and a return on equity of 16.57%. The company had revenue of $134.81 million for the quarter, compared to analysts’ expectations of $135.78 million. During the same quarter in the previous year, the company earned $1.25 EPS. Advanced Energy Industries’s revenue for the quarter was down 31.2% on a year-over-year basis.

A number of research analysts recently weighed in on AEIS shares. DA Davidson upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating in a research note on Thursday, September 26th. BidaskClub upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. ValuEngine downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $68.00 in a report on Monday, September 23rd. Finally, Cowen downgraded shares of Advanced Energy Industries from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $60.00 to $57.00 in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $67.20.

In other Advanced Energy Industries news, CEO Yuval Wasserman sold 6,610 shares of Advanced Energy Industries stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $60.05, for a total value of $396,930.50. Following the sale, the chief executive officer now directly owns 160,801 shares in the company, valued at approximately $9,656,100.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio bought a new stake in Advanced Energy Industries in the 2nd quarter valued at $33,000. Private Capital Group LLC increased its holdings in shares of Advanced Energy Industries by 280.0% in the 2nd quarter. Private Capital Group LLC now owns 646 shares of the electronics maker’s stock worth $38,000 after buying an additional 476 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Advanced Energy Industries in the 2nd quarter worth about $62,000. Cerebellum GP LLC bought a new stake in shares of Advanced Energy Industries in the 3rd quarter worth about $122,000. Finally, Hikari Power Ltd bought a new stake in shares of Advanced Energy Industries in the 2nd quarter worth about $205,000. Institutional investors own 97.54% of the company’s stock.

Shares of AEIS traded down $0.83 during trading hours on Friday, reaching $53.18. 208,949 shares of the stock traded hands, compared to its average volume of 289,271. The company has a current ratio of 5.83, a quick ratio of 4.87 and a debt-to-equity ratio of 0.07. Advanced Energy Industries has a 52-week low of $38.74 and a 52-week high of $60.76. The company’s 50-day moving average price is $55.26 and its two-hundred day moving average price is $53.81. The company has a market cap of $2.06 billion, a P/E ratio of 12.69 and a beta of 1.52.

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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