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

Advanced Energy Industries (NASDAQ:AEIS) announced its quarterly earnings results on Wednesday. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.07, Briefing.com reports. The company had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.05% and a net margin of 2.91%. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. 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 Up 1.0 %

AEIS stock traded up $1.04 on Friday, reaching $109.57. 206,103 shares of the company traded hands, compared to its average volume of 211,366. The firm has a fifty day simple moving average of $104.05 and a 200-day simple moving average of $104.84. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The company has a market cap of $4.13 billion, a P/E ratio of 96.11, a price-to-earnings-growth ratio of 5.45 and a beta of 1.49. Advanced Energy Industries has a one year low of $85.26 and a one year high of $119.75.

Advanced Energy Industries Dividend Announcement

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 dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Advanced Energy Industries’s payout ratio is 35.09%.

Analyst Upgrades and Downgrades

AEIS has been the topic of several analyst reports. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target on the stock. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday. Wells Fargo & Company lowered their target price on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Finally, Citigroup cut 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 given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Energy Industries has an average rating of “Hold” and a consensus 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.