Advanced Energy Industries (AEIS) to Release Quarterly Earnings on Wednesday

Advanced Energy Industries (NASDAQ:AEIS) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Advanced Energy Industries has set its Q1 guidance at $0.50 to $0.90 EPS and its Q1 2024 guidance at 0.500-0.900 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) 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 firm had revenue of $405.27 million for the quarter, compared to analyst estimates of $407.66 million. On average, analysts expect Advanced Energy Industries to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Advanced Energy Industries Trading Up 2.3 %

Shares of AEIS opened at $93.10 on Wednesday. Advanced Energy Industries has a 12-month low of $81.86 and a 12-month high of $126.38. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 3.14 and a beta of 1.56. The stock’s 50-day moving average price is $98.69 and its 200 day moving average price is $99.33. The company has a quick ratio of 4.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.78.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a $0.10 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. Advanced Energy Industries’s payout ratio is presently 11.76%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their target price on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company 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. Based on data from MarketBeat, Advanced Energy Industries has a consensus rating of “Hold” and a consensus price target 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.