Advanced Energy Industries (NASDAQ:AEIS) Releases Earnings Results, Beats Estimates By $0.07 EPS

Advanced Energy Industries (NASDAQ:AEIS) issued its earnings results on Wednesday. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07, Briefing.com reports. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.05%. The business had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same period in the prior year, the firm earned $1.12 earnings per share. Advanced Energy Industries’s revenue was down 8.7% on a year-over-year basis. Advanced Energy Industries updated its Q4 guidance to $0.83-$1.33 EPS and its Q4 2024 guidance to 0.830-1.330 EPS.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock traded up $1.04 during mid-day trading on Friday, reaching $109.57. 206,103 shares of the company’s stock were exchanged, compared to its average volume of 211,366. The business’s fifty day simple moving average is $104.05 and its 200 day simple moving average is $104.84. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. Advanced Energy Industries has a one year low of $85.26 and a one year high of $119.75. The firm has a market capitalization of $4.13 billion, a PE ratio of 96.11, a P/E/G ratio of 5.45 and a beta of 1.49.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AEIS. Wells Fargo & Company cut their price objective on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Susquehanna reduced their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Benchmark restated a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Thursday. Finally, Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Advanced Energy Industries has a consensus rating of “Hold” and an average target price of $112.75.

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.